2021 Gambling Revenue Expected to Shatter Previous Record

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2021 Gambling Revenue Expected to Shatter Previous Record.

2021 Gambling Revenue Expected to Shatter Previous Record. Industry experts predict more than $44 billion in revenue will be generated in 2021.

iGaming is growing rapidly. In the first half of the fiscal year 2021, online gaming brought in $1.66 billion in revenue. It surpassed the entire year’s $ 1.55 billion revenue from 2020.

Penn National Gaming bought Golden Nugget Online for $1.56 billion. DraftKings bought Score Media for around $2 billion in mid-2021. Sports betting is legal in 29 states. In 2021 sports betting will generate $3 billion more in revenue than it did in 2013.

Nevada led the way with $3.46 billion in revenue in the second quarter of 2021. Pennsylvania and New Jersey also reported strong increases over the same period. The pandemic affected the bottom lines of land-based casinos in fiscal year 2020. However, the rebound in 2021 has led to optimism for the future of the industry.

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