Revenue from tablet and smartphone games is expected to account for over one fifth of the global market.
The mobile gaming market is expected to grow at a rate of 19% per year until 2016, according to a report from the MobileCasinos.co.
The report showed the mobile gaming is expected to increase at an average rate of 19% for smartphones while it will grow at about 50% for tablets.
Revenue from tablet and smartphone games is expected to account for over one fifth of the global market, while smartphones games should generate $13.9bn in 2016.
Growth in the mobile gambling market is expected to continue during 2013 and 2014, with companies such as W3i expected to invest in native iOS and Android operating systems.
MobileCasinos.co owners said in a statement that the mobile gaming market has been the elephant in the room for quite some time.
"The rate of growth is only going to continue as more gaming companies such as Zynga contract out mobile app development and invest native apps for mobile devices," owners added.