A new paper from Juniper Research has revealed that Virtual Reality gambling wagers will top $520m by 2021 with expensive hardware and limited early adopters the only things slowing the pace.

Do you remember a time when all you got for Christmas was an orange and uncrackable nuts?

Ok, perhaps I am going a little Charles Dickens, but the point I am trying to make is our kids costs us a bloody fortune these days. There was a time when $600 would be enough to fill the couch with presents. These days that’s how much you need to buy an Oculus Rift headset. I know this because my 15-year old teenage son knows this.

For those who don’t have teenagers, the Oculus Rift headset is one of many pieces of hardware that you need to enjoy the full sensory experience of Virtual Reality (VR). An industry that James Altucher believes will follow the Internet and Apps industries to become a trillion dollar goldmine.