How Big Is the US Online Gambling Market
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The US saw a significant increase in participation on online gambling platforms due to the pandemic. Many offline gambling establishments were closed and they are now operating online. The player's participation in different types of games has gone up.
Live casinos are becoming more mainstream in recent years. Global investors are putting their bets on life casinos in the US, particularly New Jersey. The state has seen significant investment from global companies. New York is the biggest market of government-regulated online gambling in US. Online sports betting apps also feature in live casino platforms.
Pennsylvania is the fifth-largest state to regulate online gambling and allows online poker and sports betting. The gaming revenue of online casinos in Pennsylvania amounted to USD 3226 million for the year 2017. The introduction of internet gambling has led to significant partnerships being formed in the state. It is expected to increase the participation and downloads of the online gaming platforms.
There is a high competition in the US online gambling market. Global companies are merging and acquiring regional ones to expand their business. Big companies also form partnerships to grow their brand portfolios. Live casinos are gaining popularity in different states. The gambling industry is highly competitive and requires good user interface to attract more users.
The US online gambling market is worth $2.178 million in 2020. The market value is likely to increase by more than 17% in the next five years. The Covid 19 pandemic had a detrimental effect on offline casinos but became a primary progressive for the online gaming industry.
The US online gambling market is growing. There have been continuous mergers, acquisitions and partnerships involving both regional and global companies. Since more states are regulating online casinos, the participation of the masses will be encouraged in the coming years. Global investors are investing in live casinos.
