May10
Analyzing America's Sports Betting Growth, Financial Trends, and Responsible Gambling Measures
USA Attains Title of Global Gambling Market Leader
March 22, 2019 Aleksandra Zolotic
From the industry’s point of view, 2018 was more than successful for the United States of America – now ranked as the world’s number one contributor to gambling. According to the numbers provided by H2 Gambling Capital, the annual gross win, expressed in dollars was $107.99bn. Following the States, but not even close to this whopping amount…
… are China with $70.01bn and Japan with $48.41.
Land-Based Establishments As The Biggest Contributors
Having in mind that online gaming has yet to undergo legalization in most states, along with restrictions on interstate gambling, it’s not a surprise that the greatest share of the total sum actually belongs to land-based hubs. As for online gaming…
…the States are not number-one on the list – in fact, they trail far behind the United Kingdom.
Speaking of factors which played a significant role in putting the US at the top of the income list – published by KeyToCasino, these could be the following:
- Online wagering legalization (so far approved only in Nevada, New Jersey, Pennsylvania, and Delaware)
- A steady growth of the US economy which led to citizens’ financial stability (the average American spent around USD422 in the year behind us, but the numbers are to grow)
- PASPA overthrow in May 2018 (the Court put each state separately in charge to decide whether to or not to legalize sports betting)
Online Gambling – To Be Or Not To Be?
Compared to all the positive numbers coming from land-based activities, times may not continue to be so bright for the online segment. Right now, there are only four states fully approving web-based gambling. Like any other, this market also strives for new and innovative content as well as more diversity, which is explained in another survey conducted by H2 Gambling Capital.
Most recently, the regulated market in Pennsylvania welcomed NetEnt, one of the leaders in the industry to distribute their content to consumers.
This is certainly a significant step not only for them but for the state as well, which is rapidly adopting changes that are shifting its market. However, it’s necessary to point out that some offshore online operators offer their services to Americans, but with a limited number of providers.
Sports Betting Undergoes Numerous Changes
The situation with sports betting is more favorable, as more states approve this activity as legal, which is curious seeing as the initiative for this came about last May. There are many confronted opinions on the subject, however, according to the survey conducted by AGA…
…the majority of Americans would vote in favor of state-level legalization of sports betting.
In addition to this, they itted they would watch the matches with even more interest, with sports betting legal. Not to mention that this outcome would also yield considerable amounts of money for professional sports teams.
Source:
“USA Enters Year 2019 as the Biggest Gambling Market”, keytocasino.com, February 5, 2019.
“USA Betting Industry Set for the Biggest Shake Up In Decades”, keytocasino.com, March 12, 2019.
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Wow, great! The USA is huge, with so many states gradually approving sports betting and online gambling in general, it’s no wonder that they ended up as a leader.