Rise of the Online Gambling in the USA
By Space Coast Daily // June 14, 2022
Traditional gambling is losing its popularity around the world as online gambling is taking over. That’s the same case in the United States, even though online gambling is not legalized in all 50 states. However, the number of states that allow this type of gambling is growing, and at the moment, 27 of 50 states legalized online gambling.
It’s important to note that the largest gambling market is in the US, and it’s only a matter of time when all 50 states legalize online gambling. That will definitely increase revenue from gambling. Bettors are looking for online gambling because of loyalty programs, bonuses, promotions, and various offers. Additionally, a lot of bookmakers now offer app versions of their gambling websites, which is also attractive to the players.
One of the reasons the online gambling market is growing in the US is the growing popularity of sports betting in the country. This form of betting is the most popular in the world; it is estimated that around $400 billion is wagered on sports annually (source: www.netti-kasino.org).
Unlike many casino games, where you don’t need to have special knowledge or expertise, players who prefer sports betting like to concentrate on a sport that interests them, making it easier for them to make a profit. In other words, sports bettors don’t rely on luck as much as those who turn to casino games.
Talking casino games, are one of the most sought-after types of gambling in the US. Only in 2017, citizens of America spent $75 billion on casino games. Compared to a year before, it’s an increase of $12 billion! Slots, Blackjack, and roulette are the most popular casino games in the United States.
Poker, particularly Texas Holdem and its variations, is growing in popularity as well, and what’s very interesting, millennials are the ones who like poker the most. Considering that more and more states now legalize gambling, the popularity of casino games will continue to grow.
It’s true that a lot of players are returning to casinos now when the COVID-19 pandemic is slowing down and people are allowed to attend public places. Still, those who got used to online gambling during the pandemic experienced some new horizons and ways how to gamble from the comfort of their homes and don’t want to change that. Almost every state in the US did record an increase in revenue compared to pre-pandemic levels, though, but so as online gambling.
That said, gambling (both classic and online) is a fast-growing industry in America. We already mentioned millennials, but you probably didn’t know this – they are now the biggest gamblers in the US, and are spending more money on gambling than any other demographic group.
Now to return to the online sports betting that is entering a higher gear in America. The latest numbers from April 2022 say that all commercial gambling revenue across the states reached its second-highest ever monthly total. Sports betting is the biggest reason for that. When we compare April 2022 to April 2021, sports betting revenue rose to nearly 75%. These numbers are bigger and bigger and they will not go down soon.
It’s well-known that the Americans love college basketball and particularly March Madness, which makes the next example more interesting. Only in the state of Arizona, its habitants placed a state-record $691 million in bets during March 2022. Switching back to casino games, a report by the American Gaming Association says that online casino revenue is 38% bigger in April 2022 as compared to April 2021.
Some interesting facts and numbers can be found when it comes to online gambling in the USA, and all of them are pointing to the same – the Americans are spending more money than ever on online gambling and these numbers will only go up. In case you didn’t try online gambling yet, maybe it’s now the right time to do it.