In recent months, casinos in the United States have continued to generate record-breaking revenue, and the revenue train does not appear to be slowing down. But is it just a fluke, and will the revenue dry up in the years to come? Research from VIXIO GamblingCompliance and Eilers & Krejcik Gaming shows that the numbers will likely grow to $23.8bn by the time we reach 2026. In addition, we are likely to see new emerging markets and consolidation of those that are already out there.
Before we give you the rundown of the report, along with the concrete numbers, let’s take a few seconds and look at some examples of the top online casinos in the United States and what they bring to the table.
What Makes a Good Online Casino?
When selecting an online casino, there’s no reason to go with the first one you see due to the sheer abundance of operators on the market. Above all, you should go with a safe online casino in the United States, preferably the kind willing to throw lucrative bonuses and promotions your way, along with a massive selection of games.
Examples include Caesars, SugarHouse, Bet365, and all the other casinos that have received good ratings. Head on over to the following resource for more information about the best online casino casinos in the United States: https://www.casinos-online.es/estados-unidos/
A 61% Jump in Sports Betting and Gaming Revenue Was Recorded in 2022
2022 was a fruitful year for the top online casinos in the United States and sportsbooks. That year, the revenue was up 61%, reaching an estimated $12.4bn. Nowadays, the US gambling markets easily outperform the ones in the UK, effectively becoming the world’s largest regulated market. Since the beginning of 2020, 14 US states have added online sports betting to their offerings, whereas the iGaming sphere has only welcomed three new ones.
Gambling Expansion Bills Drive the Growth
Part of the reason why sportsbooks and casinos in the United States are so successful is that the political environment has, by far and large, shifted in the pro-gambling direction (although there are certainly some exceptions to the rule). On top of that, when the social gathering restrictions were finally lifted and working from home was no longer mandatory, people started flocking toward their favorite pastime activities in massive numbers, all of which became a major contributing force.
Future Market Growth Will Be Organic in Nature
The report suggests that, from 2024 and onwards, the market is poised to become more organic in nature. One of the ways this is already showing is by looking at the simple fact that there is not an unlimited number of new markets to enter for the top online casinos in the United States, and some of the options have already been exhausted. The only remaining states ripe for exploitation are Indiana and Iowa, and these are expected to join the roster in the not-too-distant future. After that, the playing field will change.
By Market Category, Casinos Lead the Way
The report gives detailed figures regarding revenue by market category, as defined by total wagers and fewer payouts. According to the figures specified, the US population spent a grand total of $157bn across all gambling activities in 2022. The distribution was as follows:
– Casinos (63%)
– Lottery (23%)
– Distributed Gaming/Route Ops (5%)
– Sports betting (5%)
– Charity (2%)
– Racing (2%)
In the last five years, online sports betting has had a
The Future Is Bright
The VIXIO GamblingCompliance report estimates that, by 2026, the US online gambling revenue will reach $23.8bn, with online sports betting climbing to $14,8bn and iGaming to $9bn. Now if we were to compare these to the forecasts for Canada, the estimated online gambling revenue is expected to reach C$6bn by 2026, and most of the revenue will likely come from the re-regulated competitive markets.
To sum it up, casinos in the United States have a bright future to look forward to, assuming that the estimates are true. As we progress towards 2026, additional US states will join the list of regions that allow online activities thanks to where the US regulatory environment is headed.