U.S. EXPANSION | iGaming Statewide (the U.S.). An Up-To-Date Guide
iGAMING STATEWIDE (THE U.S.) An Up-To-Date Guide With iGaming regulations varying significantly from state to state while also developing separately from each other, the U.S. market is complex to navigate. What are the latest developments in the different sectors and states? Which operators are ready to enter the market? Where do the opportunities lie, and which states are on the back burner?
Online Sports Betting With dozens of states legalizing sports betting, a multi-billion-dollar sports betting boom seems inevitable in the U.S. There are currently more bets being wagered on sports in New Jersey than in Nevada. The boundaries that once separated gambling from sports media and professional sports leagues are disappearing, and with digital apps making sports betting possible on mobile devices, the business of brick-and-mortar casinos is under threat. The industry is poised for explosive growth. Full-scale regulated U.S. sports-betting
revenue across 19 reporting states more than trebled year-on-year to $3.08 billion in the 12 months to June 2021, with online gross gaming revenue leaping by 312% to $2.61 billion. Like many online activities, lockdowns during the pandemic resulted in a huge boost for the iGaming sector. Going forwards, Goldman Sachs has predicted that the market could generate as much as $39 billion annually by 2033. Currently, 25 states have fully legalized sports betting. However, their regulations vary heavily.
Goldman Sachs has predicted that the market could generate as much as $39 billion annually by 2033.
