Finance

Experts Predict Slow Climb For Online Casino Revenue Through 2026

Author: Live Casino Direct
 
Experts Predict Slow Climb For Online Casino Revenue Through 2026
Wild Casino

Connecticut became the fifth state with full private sector iGaming this week. Eilers & Krejcik Gaming predicts 14 states will offer online casino or poker by 2026. By then, 44 states and the District of Columbia will have legalized sports betting. EKG presented its findings at the American Gaming Association’s (AGA) Global Gaming Expo in Las Vegas.

Experts predict slow growth for Online Casino Revenue through 2026.

Sports betting, online casino and poker will generate $22.8 billion in revenue by 2026.

States are more leery of allowing online gambling. Illinois is the latest state to stall in its effort to legalize online casinos. Lawmakers are concerned about the possibility of online casino cannibalizing the income of retail casinos, as Illinois General Assembly adjourned without online gaming approval.

Connecticut will be the 7th state to launch some form of regulated iGaming in 8 years. New Jersey, Nevada and Delaware were the first, all coming online in 2013. Online gamblers are largely separated from retail players.

Experts predict slow climb for Online Casino Revenue Through 2026. Online casinos and poker are a far tougher political sell than sports betting.

COVID has boosted the productivity of the NJ market and accelerated the growth of PA and MI markets. Gains have persisted since land-based casino operations began to ‘normalize’ in Q2 2021.

The fear of retail casino revenue drying up for good was a sword of Damocles hanging over state lawmakers. Now the fear is abating, so online casino legislation may be less appealing.

State leaders are watching what operators are doing in states with legal online gambling markets. The approach to advertising in particular is rubbing them the wrong way. Irresponsible marketing brings risks for the industry. BetMGM, DraftKings and FanDuel are dominating the US online betting market.

Experts predict a slow climb for online casino revenue through 2026.

Experts predict slow climb for Online Casino Revenue through 2026. Two of the big four states will be live with online sports betting by 20 26.

Experts predict slow climb for Online Casino Revenue through 2026. California, Florida, New York or Texas will not move towards iGaming by 20 26. In 2021, US online casinos generated $3.3 billion and US retail and online sportsbooks brought in $5.1 billion in GGR.

Play Witches Wild Brew Slot
Recommended Slot Game To Play: Witches Wild Brew Slot
Super Slots Casino 300% up to $2000 Welcome Bonus!
Related
Pokerfuse

Indiana Online Casino Could Make $2 Billion in Three Years

Indiana could generate about $2 billion in revenue over three years if it expands igaming, according to Spectrum Gaming Group. The legalization of online casino and poker would have "little impact" on land-based casinos and could create numerous jobs. Spectrum Gaming used data from six other states to make its predictions, using three different…
Law
Indiana Online Casino Could Make $2 Billion in Three Years
SBC Americas

Study Makes Case for Online Casino Wagering in Indiana

Indiana gaming regulators are evaluating the potential inclusion of internet casino wagering. The Indiana Gaming Commission has teamed up with Spectrum Gaming Group to deliver an updated study on the potential impact of internet casino gaming in the Hoosier State. In 2022, the IGC summoned Spectrum to conduct a study on iGaming in Indiana and, a…
Finance
Study Makes Case for Online Casino Wagering in Indiana
Super Slots
Fingerlakes1

NY Online Casino Legalization: Economic Prospects & Impact

Currently, sports betting is legal in New York State, leaving a significant gap in the digital gambling sector for online casinos. In this article based on CasinosCanada.reviews, we look at the possible legalization of online casinos in New York to give you a detailed view of how things are changing. New York online casinos are not yet regulated,…
Law
NY Online Casino Legalization: Economic Prospects & Impact
KPVI

Online casinos and poker could be a windfall waiting in the wings

In West Virginia, one of eight states that allow both online sports betting and internet gambling (including poker), Shawn Fluharty, a member of the West Virginia House of Delegates, told the Associated Press that online gambling rakes in three times more than sports betting. The potential windfall of broader online casino and poker adoption is…
Poker
Online casinos and poker could be a windfall waiting in the wings
Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.
KPVI

The many faces of gambling online and what it could mean for a state's bottom line

It may appear that most states now have their own online versions of Vegas, where players can place bets in virtual casinos or on sports. But in reality, the online offshoot of brick-and-mortar gambling is still in its infancy. Despite the proliferation of online sports betting in many states, playing casino games online still has a long way to go.…
Law
The many faces of gambling online and what it could mean for a state's bottom line
OK Magazine

The Current iGaming Market In The USA

Gambling in the US has a long and rich history of controversies and changes. Up until 2018, any form of online gambling was illegal. In 2018, lawmakers retracted PASPA and sports betting was legal again. However, several federal laws are still in place. The most prevalent is the UIGEA, banning financial institutions from allowing gambling…
Law
The Current iGaming Market In The USA
European Gaming

Which casinos have the biggest market share in the US?

We have basically two worlds when it comes to gambling in the US: traditional land-based operators like those famous in Vegas, and Atlantic City and abroad in places like Macau, for example, and online operators. Traditional casinos have a more steady form of business model, and comparing the evolution of these enterprises across time is easier as…
Industry
Which casinos have the biggest market share in the US?
World Casino News

Keys to growing online casino revenue in the U.S.

In 2022 in the United States, online casino revenue in the six states where iGaming is legal, New Jersey, West Virginia, Michigan, Delaware, Pennsylvania, and Connecticut, grew 35.2 percent year-over-year (YoY) to $5.0 billion. That is, since the highest court in the nation overturned the Professional and Amateur Sports Protection Act (PASPA) in…
Finance
Keys to growing online casino revenue in the U.S.
RELATED LOCATION
Location Icon
Country
USA
Location Icon
State
Nevada
Location Icon
State
Washington
Advantage News

As federal pandemic funds dry up, states turning to online gambling for tax revenue

A new report shows that Illinois is one of several states poised to allow online gaming to offset pandemic relief funding losses. A report by Bonus.com said states have bills to pay and with federal funds drying up, they may look to alternative revenue sources instead of raising taxes on their residents. Illinois already allows online sports…
Finance
As federal pandemic funds dry up, states turning to online gambling for tax revenue
The Times Of Northwest Indiana

Legal online gaming no threat to Indiana's casino industry, study finds

The Hoosier State could legalize real-money slot machines and casino table games played over the internet, known as iGaming, without significantly cutting into earnings or employment at its 12 brick-and-mortar casinos, including the four in Northwest Indiana. That's the conclusion of a new study released Tuesday of the potential impacts of iGaming…
Industry
Legal online gaming no threat to Indiana's casino industry, study finds
Fingerlakes1

When will online casino gambling be legalized in NY?

New York has always enjoyed a complex relationship with gambling. In years gone by the state was home to a thriving underground casino industry that was legendary throughout the United States. Back in their heyday, underground casinos were said to be operating every night of the week while poker clubs were just as common. Thankfully all of that has…
Law
When will online casino gambling be legalized in NY?
RELATED CATEGORIES
Category Icon
Category
Finance
Category Icon
Category
Industry
Category Icon
Category
Sports
Online Poker Report

BetMGM: 'Winds Are Turning' For Casinos' Stance On Online Gambling

The CEO of BetMGM, the US market leader in online casino gambling, said today that the "winds are turning" in favor of iGaming growth for two reasons. First, its historical foes - established land-based casinos - have become its allies and partners. Those business owners are now coming to realize that online casino games don't cannibalize…
Poker
BetMGM: 'Winds Are Turning' For Casinos' Stance On Online Gambling
The Bharat Express News

Ford government could lose $2.8 billion in online betting, report warns

As Premier Doug Ford's government prepares to open up Ontario's online gambling market, there is a warning that its plans could see the province and municipalities lose hundreds of millions of dollars in annual revenue. That warning is in a new report from a gaming industry consulting firm, obtained by TBEN News. The report was prepared for Great…
Covid
Ford government could lose $2.8 billion in online betting, report warns
Online Poker Report

Where To Watch For 2022 Online Casino Expansion In North America

For optimism about the coming year, look to TikTok, Taylor Swift, and the online gambling industry. All three are "feeling 2022." The former relate to the #ImFeeling2022 hashtag and Swift urging listeners to "forget about the heartbreaks" while wishing her cat a happy 22nd birthday. The latter bases its optimism on continued success in the new…
Sports
Where To Watch For 2022 Online Casino Expansion In North America
The Nevada Independent

Indy Gaming: G2E roundup finds optimistic CEOs, where the next Hard Rock LV isn’t going and a push for non-smoking casinos

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The word that was ubiquitous throughout the…
Sports
Indy Gaming: G2E roundup finds optimistic CEOs, where the next Hard Rock LV isn’t going and a push for non-smoking casinos
RELATED BRANDS
Brand Icon
DraftKings
Brand Icon
FanDuel
Brand Icon
BetMGM
Pennsylvania News Today

Pennsylvania Online Casino Revenue Hits Record High in May

The burgeoning iGaming market in the US appears to be going from strength, particularly with more than 20 states having legalised sports betting since the controversial PAPSA legislation was struck down in May, 2018. Of course, the coronavirus pandemic also caused online casino and sportsbook activity to increase exponentially through 2020. No…
Finance
Pennsylvania Online Casino Revenue Hits Record High in May
The Financial

Why Are Online Gambling Stocks Plummeting? ► FINCHANNEL

As far as growth assets went, online gambling stocks were some of the hottest items on the market in late 2020. Though this industry has been around since the mid-1990s when Antigua and Barbuda passed the Free Trade and Processing Act, it still lagged far behind the brick-and-mortar sector, posting only a fraction of its annual revenues. However,…
Finance
Why Are Online Gambling Stocks Plummeting? ► FINCHANNEL
Online Poker Report

Casinos Beat Sportsbooks Two-To-One In Online Channel Revenue

In states with both legal iGaming and online sports betting, the former is king. Online casinos - with a bit of help from poker rooms - reliably produce more than twice as much revenue as sportsbooks. This March, iGaming yielded more than $300 million in revenue for Michigan, New Jersey, Pennsylvania and West Virginia, according to reports from…
Sports
Casinos Beat Sportsbooks Two-To-One In Online Channel Revenue
Online Poker Report

CT Governor, Tribes Just Inches From Agreement On Gambling Expansion

2021 stands to be a good year for gambling expansion, as states race to make up for time that they lost to fighting COVID-19 last year. Already, five states have introduced bills which would legalize online casinos, online poker, or both. Not all of these are equally likely to succeed. At one extreme, you have longshot efforts like this…
Politics
CT Governor, Tribes Just Inches From Agreement On Gambling Expansion
RELATED AFFILIATES
Affiliates Icon
Online Poker Report
Gambling

AGA Stance On Online Casinos And Online Poker

In its recent survey estimating the size of the illegal online gambling market, the American Gaming Association (AGA) placed the amount wagered through illegal channels at more than $500 billion. According to the AGA, that half-trillion dollars is taking a $44 billion bite out of the licensed gambling industry. Per the AGA, illegal gambling is…
Law
AGA Stance On Online Casinos And Online Poker
This Day

How Regulated is the Online Casino Industry in the US?

Legal online casino gaming is spreading rapidly across the US. Surprisingly, most states legalized the industry only after the Supreme Court struck down the PASPA Act in 2018. States have had the authority to regulate online casinos since 2011. This is when the Department of Justice replied to New York and Illinois' inquiry on whether they could…
Law
How Regulated is the Online Casino Industry in the US?
Card Player

Maryland Legislators Considering Two Online Gaming Bills

Maryland is currently one of the more promising states for online gaming legalization, including poker. Online sports betting launched in November 2022, but legislators recently introduced two bills that would add other forms of online gaming. In two hearings earlier this week, legislators were presented with the specifics of each bill and revenue…
Industry
Maryland Legislators Considering Two Online Gaming Bills
Play Panther Pays Slot
Slot Game of the Month: Panther Pays Slot
Super Slots Casino 300% up to $2000 Welcome Bonus!
  • 18 plus
  • eCogra
  • Trusted Site
  • Game Care