A new study has reported that the online gambling industry is still in its infancy with a projected peek to hit around the year 2015. At that time Merryl Lynch predicts that the market will bring in $528 billion annually worldwide. By the year 2015 the Internet gambling industry could grow from the $12 billion a year industry it is now (2006), to a $528 billion a year industry that would be by far the largest ecommerce industry online. The information is based on the progression of the industry from 2001. By 2010 the projected earnings in the industry is said to reach $24 billion, double what it was in 2005. 2006 earnings are being reported to be at nearly $15 billion. This is an industry that the United States government wants nothing to do with. How long can that last? Not long says one gaming analyst. According to UK government figures, Europe's regular online gamblers already stake nearly 3.5 billion pounds a year, which averages out to about 1,000 pounds per person. Once the new laws take effect those numbers are promising to increase dramatically.