US Gambling Revenues Continue to Increase With the Latest Legislative Changes

In the United States, legislative changes continue to be made that have led to an increase in gambling revenues. According to The American Gaming Association, the gambling industry is currently worth $261 billion. While there is money to be made, the progress of the industry has taken some time to develop. It has only been within the past five years that the path has begun to clear to see the industry grow and revenues continue to climb.

Gambling in the US

Decades ago, many forms of gambling were illegal, with laws in place focusing on anti-gambling. With the invention of the internet, online casinos came into play and within the past few years, there has been a notable shift in interest in the US, which has led to an expansion of gambling across the nation, including land-based and online gaming options. Lawmakers have begun to see the potential that online gaming has to offer, which only increases the total amount of revenues earned for states that offer both land-based and online gaming. Take New Jersey for example. The state is the most successful when it comes to iGaming, earning $20m+ revenues each and every month via online casino and poker gaming combined. Delaware, New Jersey and Nevada were the first to offer online gaming, with Pennsylvania set to launch hopefully sometime this year. States continue to deliberate online gaming legislation and thankfully, legislators are steadily working towards embracing gambling so that players can have access to the games they love and businesses can benefit from steady revenues.

Types of Gambling in the US

In the United States, gambling revenues are broken down into categories, such as poker, commercial casinos, tribal casinos, etc. Back in May, sports betting was legalized by the US Supreme Court, which will eventually lead to even more revenues created in the states. Right now, gambling revenues are expected to reach the $150 billion mark each year. With sports betting now an option, it has been predicted that as much as $200 billion or more will be generated on a yearly basis from overall gambling category totals. The most lucrative gambling categories currently are Tribal and Commercial Casinos, as well as the Lottery. Commercial Casinos in the states bring in the most earnings, with 2017 generating $41.2 billion. Tribal Casinos were not far behind with $31.945 billion. The Lottery was able to generate the most in 2017, with $80.55 billion.

US Gambling Revenues by Category

Each of these gaming categories contribute to the overall revenue growth for the US and these numbers are only expected to continue to climb. As operators begin dabbling in new gaming options and states begin to legalize more gaming categories, the US gambling industry will only continue to grow, generating more revenues year after year. Players will be able to benefit as they have access to quality gaming options, both land-based and online, while states will be able to bring in much-needed revenues that can be used for education, highway projects, etc., whatever the individual state needs. OUSC specializes in the ranking and review of online casinos that cater specifically to United States players. Top-ranked international casinos are also featured, giving you access to the most comprehensive guide available worldwide.

More News: China Banning Betting Apps