The Growth of Online Casinos in the U.S.
In the United States alone, the gambling market has been valued at approximately 2,178,000. This figure was given back in 2020, and it’s likely that the figures leading up to 2026 will be much higher. In fact, it’s thought that there could be a 17% increase in the growth of online casinos between now and 2026.
The Pandemic’s Effect on Online Casinos
The pandemic had a huge impact on land-based casinos. Some were perhaps closed for the first time in their history. However, those who love to gamble clearly made the good decision to gamble online. Online casinos such as the Grand Rush Casino saw an increase in the number of daily visitors. In addition to this, casinos that did not have an online presence chose to create a website that their most ardent players could visit. Players could now access their favorite games without having to visit their preferred land-based casinos. This no doubt did a lot for both large and small online casinos all over the United States.
The Change in State Regulations
More and more states are now allowing online casinos to appear. Pennsylvania, for example, chose to allow internet gambling for the first time in 2019. Since then, the demand for gambling websites and online casinos has grown. Online casinos offer players a lot of different games, more so than land-based casinos can. Perhaps this is just one of the reasons why these establishments are thriving.
In addition to the demand for online casinos, many companies have chosen to form partnerships with the casinos. This has allowed the casinos to meet the demand while also providing their players with a better online experience.
New Jersey’s Impact on Online Casinos
New Jersey has the United State’s largest online gambling market. So many online casinos are now regulated that players in New Jersey are spoiled for choice. Worth approximately $225 million every year, it’s clear that there is a real need for online casinos in New Jersey.
Software providers such as Evolution Gaming and Ezugi can now provide New Jersey’s online casinos with games. Thanks to this, it now appears that many global players are now investing in the online casino market. This can only mean that the market will continue to grow. In addition to this, these global software providers are now supplying other casinos in other states with games. This means that many small online casinos are now seeing a lot more growth than they had perhaps imagined.
Pennsylvania is the fastest-growing online casino market. Back in 2017, Pennsylvania’s land-based casino revenue was as much as $3,337,000. It’s likely that this state has seen continued growth since then. While online gambling taxes are high, nothing seems to have stopped the growth of online casinos.
It is very clear that online casinos in the United States have a great future. As more and more states begin to legalize and regulate online gambling, the future is set to look very bright.