It is no longer just Las Vegas that dominates the gambling industry in the US. Right now, the online gaming market is booming and attracting new players every day. Here’s why!
More and more Americans have opened their eyes to online gambling. IGaming, which
covers any activity that involves online wagering, is the fastest growing industry in the US, and if we look exclusively at the revenue from the gambling market, is the online casino sector leading the way.
A report from Zion Market Research states that the online gambling market in the US was worth 61,5 billion dollars in 2021, and it is estimated to reach approximately 11,4 billion in 2028 with an annual growth rate (CAGR) of 10,9 percent in this period.
More states are embracing online gambling and betting
In addition to the fact that gambling has become increasingly available due to the internet, there is one specific reason in particular for seeing such an overwhelming increase in interest among Americans: More and more states have begun to embrace and regulate online gambling.
When talking about gambling laws in the US, the activity is formed on a federal level, meaning that every state has its own right to regulate it, both concerning land-based and online gambling. Gambling is a broad term, and it just embraces the ability to place wagers of any kind. While more and more are now embracing betting on sports – sports betting is the most popular way of gambling in the US – the majority of states aren’t just as open-minded towards casino and poker sites.
At the moment, New Jersey, Pennsylvania, Michigan, Delaware, West Virginia, and Nevada are the ones most progressive when it comes to internet wagering. Besides these six states, twenty-two states have put forward legislation, hoping to follow the others. If you as an American want to gamble online – whether it is sports betting or casino-related games – it may be a good idea to read about the situation, depending on where you are. If nothing else, there are plenty of opportunities. Select the best casinos in America here, and be sure to choose a credible gambling site.
Covid-19 has had a significant impact
There is no doubt that Covid-19 has had a decisive impact on the gambling industry. Not just in the US but worldwide. Physical locations with the opportunity to seek out gambling closed, which forced people to resort to online games. This gave a natural boost to the development, which has made several states open their eyes to how rewarding it can be to have regulated legalization of online gambling, in the form of the gambling revenue, that benefits the state’s economy and potential job opportunities.
Online gambling opportunities are here to stay. It is getting more accessible to users, and there’s a larger selection of games and providers. It will be exciting to follow the developments in the various US states who are still insisting on keeping it illegal.
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