Just How Big Is the iGaming Market in the US in 2022?
The iGaming market continues to grow in the United States, as more states begin to legalise iGaming, the more people are going to be able to gamble online safely. Before we look more closely at just how big the iGaming market is in the US in 2022, we need to consider what falls under the umbrella of iGaming.
What Is iGaming?
IGaming is any type of game that involves betting. So, having a wager on the outcome of a basketball game, having a game of poker using real money online, playing online slots, and gambling on the outcome of an eSports event are all examples of iGaming. With that in mind, let us assess how big the iGaming market has become in the US and how it is going to develop throughout 2022.
Where Is iGaming Legal?
As things stand at the time of writing, legal online gambling using casinos, poker rooms, and sportsbooks is available in over 20 different states. New Jersey, Connecticut, Pennsylvania, Illinois, Michigan, Virginia, and Colorado are all examples of states that have legalised iGaming, whether it be for sportsbooks, casinos, poker rooms, or in some cases, all three. New Jersey and Pennsylvania are two states that have passed legislation to legalise all three forms of online gambling and can be considered as the iGaming capitals of the United States.
However, there are still many US states that have yet to introduce legalised iGaming but that could be about to change in 2022. Several states are in the process of possibility legalising iGaming in 2022, with California, Hawaii, Iowa, and Massachusetts and being the four main contenders. Bills have been tabled in each of these states and it will be interesting to see if the bills are passed in all four states. If the bills do pass in the four states, it is going to be massive news for the iGaming industry in the United States and will only serve to increase the iGaming market in 2022 and beyond.
The iGaming market would not exist in the US if it were not for the online casinos, sportsbooks, and poker rooms. These must be of high quality if they are going to be granted a license to operate in legal states in the US and we are regularly seeing the introduction of new online casinos. Some of the latest additions to the online casino landscape in the United States include Sloto Stars, Shazam Casino, El Royale Casino, and Super Slots. Each of these online casinos have opened for business within the last 2 years and only add to the huge choice of online casinos available for those residing in legal states.
The fact we are witnessing the introduction of new online casinos every year, tells you everything you need to know about the continued progress of the iGaming market in the US. We expect to see the addition of new online casinos throughout 2022 and the more states that begin legalising iGaming, the more online casinos will be created. This is a multi-billion-dollar industry and as more states legalise iGaming, the greater the incentive for online casinos.
We expect to see a greater focus on mobile iGaming and virtual reality throughout 2022, in addition to more people using cryptocurrency. New casino games will be developed with mobile iGaming in mind and the latest online casinos will also need to develop applications for mobile devices. The costs of VR equipment are beginning to fall, and this could be another trend to look out for in 2022 as the iGaming market continues to grow.
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