Online Gambling has become increasingly popular with the increase in the popularity and consumption of mobile phones/smartphones as well as the use of the internet.
The rise of Online Payment Modes has increased and accelerated the growth of Online Gambling Market Usage.
Let’s talk about the USA, a lot of states have legalized online gambling while there are a lot of states that still agree online gambling to be illegal.
The legality of online gambling varies from state to state and a lot of states in the US prohibit online gambling unless the State Government makes an exception in-laws. So let’s see what states allow online gambling while what states don’t allow online gambling in the USA.
List Of States in the USA That Legalizes Online Gambling
A list of States in the US that have legalized Online Gambling USA is
- West Virginia
- New Jersey, and
List Of States in the USA Where Online Gambling Is Illegal
A list of States in the US where Online Gambling is Illegal is
- New York
- New Mexico,
- North Dakota,
- South Carolina,
- South Dakota,
- Missouri, and
- Virginia does not allow online gambling as of now, but maybe in the future.
The Present and The Future of the United States Online Gambling Market
A recent study done on the United States Gambling Market found 2.65 billion US dollars in the year 2021 and the online gambling market is estimated to grow at a Compound Annual Growth Rate(CAGR) of 16.4 percent by the year 2028, so that would be an estimation of around 7.6 billion US dollars of revenue.
This study was done by a consulting and market-researching company named BlueWeave Consulting.
Impact of Covid19 Pandemic on Online Gambling in the USA
The Covid19 outbreak brought a drastic change to the society in all forms and aspects.
The Internet System around the world became more critical and important.
On one hand, Offline Casinos and Offline gambling took a heavy hit by the outbreak of the pandemic.
While on the second, brought an increase in online gambling platform users.
As people could not move a lot in crowds and the every now and then lockdowns made it difficult to reach nearby casinos, so the consequence made online gambling sites flooded with gamblers/users.
People only relied on online casinos as a source of gambling.
Casinos and Resorts started researching and improving their goods and services for online gambling sites and apps.
In order to retain their position in the market, casinos and resorts started upskilling themselves and developing new upgraded versions and items and technologies in their online gambling businesses.
However, on the other face of the pandemic outbreak coin, the global recession that we faced in the years 2020 and 2011 made the US Government put limitations on the gambling market in order to control security, economy, demographic shifts as well as a gambling addiction.
And we still don’t know to what extent will this decision affect the growth and prevalence of online gambling sector in the coming times.
Impact of Rising Internet Perforation On Online Gambling in the USA
How does Growth in Internet Perforation affect Online Gambling?
The growing rise in the usage of the internet and internet-induced devices have made gambling way more convenient for gamblers and probably a way more fun experience for them.
As Mobile Gambling Applications are cheaper and provide safe digital payment alternatives for gamblers, it just saves time and energy for the gamblers and reduces unwanted issues like arranging money for playing, traveling time as well as traveling expenses, etc.
All of these reasons have contributed to and impacted the growth and acceptance of the online gambling industry even more than before.
And since a lot of people have started preferring online gambling over offline gambling, it has started to compel governments to legalize Online Gambling and Online Casinos across the states, or maybe think of legalizing online gambling.
Main Online Gambling Devices Used by Gamblers
Online Gambling Market is can be categorized based on device and technology usage.
Desktops are by far the most used gadgets in terms of online gambling.
Since the desktop screen is larger than most other forms of gambling devices, it provides users with much more space to explore and play around with the game’s features, graphics, sound quality, and visuals. Also, a much larger storage capacity of the desktops helps users to have an enhanced gaming and gambling experience.
And by default, this has been one of the main reasons for the growth of desktop purchases and an increase in the revenue of the desktop market.
2. Mobiles and Smartphones
After desktops, come smartphones in the online gambling market.
Mobile/smartphone technologies these days have become so much similar in providing a great visual and graphics experience and storage capacity like desktops.
Since a lot of people still don’t have the accessibility to the luxury of having desktops at home, mobile phones/smartphones come in way handy and convenient.
And the inclusion of smartphones by the Online Gambling Industry has been a smart move that not only spikes the smartphone business but also the online gambling business in the US.
3. Other Electronic Gambling Devices
Electronic Gambling Devices are becoming more and more popular due to their software
qualities that provide the same vibe as an offline casino and frankly speaking, are so
much cheaper to play in than offline casinos.
Whenever we talk about human growth, we majorly define it on the basis of technological growth. Don’t We?
The increased internet connectivity with the help of internet devices such as smartphones, desktops, and laptops has popularized the digital development and acceptance of the very form of existence and in the coming years, the digitalization of most of the human experience is estimated to grow and expand rapidly.
And Gambling has also become one of those aspects that get influenced by technology.
Hopefully, the Government in the States that still does not accept online gambling, while allowing offline gambling, start to think about legalizing it as the patterns of gambling experience and the wants of gamblers are expanding and changing, least to say.