Online gambling has seen a significant rise in popularity in the United States. Regardless of whether it is online sports wagering, online casinos, or iGaming in general, the industry is looking extremely healthy in the US and there are several reasons why that is the case.
Firstly, the changes in the laws regarding iGaming in the US has been a major factor. A win for the state of New Jersey in 2018 means it is now possible for each state in the country to set their own iGaming legislation. Many states have been quick to legalise iGaming and that alone has seen a significant increase in the number of people participating in iGaming activities. One of the many reasons why state governors may choose to legalise online gambling is the additional revenue it brings to the state through taxes.
A look across the United States shows many states are choosing to legalise online casinos. For example, there are online casinos in Michigan and plenty from which to choose for those searching for a PA online casino. In fact, Delaware, California, Illinois, Indiana, Nevada, Iowa, New Hampshire, Rhode Island, and West Virginia are among the other states where residents can enjoy online casinos legally.
Moving on, and another reason why iGaming is booming in the US is due to the fantastic selection of games available. There are now over 30 top iGaming developers and they are constantly looking to create and release new games. The recent COVID-19 pandemic closed the majority of land based casinos in the United States and this saw many people turn to iGaming. Live casino games are played using a real dealer and this comes close to replicating the feeling of being inside a land based casino. With high quality virtual and augmented reality games fast approaching, the iGaming experience is going to come close to replicating the real thing and that is only going to see more people turn to iGaming for entertainment.
In addition to online casinos, betting on live sports events also falls under the iGaming category. The list of states where online sports betting is legal in the US continues to grow, with Colorado, Illinois, Indiana, Iowa, Michigan, Nevada, New Hampshire, New Jersey, Oregon, Pennsylvania, Rhode Island, Tennessee, and West Virginia among the states where it is legal to have an online sports wager.
Scott Manford is the CEO of one of the UK’s leading slots providers, Wizard Slots. He has spoken about how this is an exciting time for online gamblers in the United States and the benefits of online casinos for the government.
“The current rate of expansion for regulated sports betting in the United States supports the idea that there is both an audience and a financial incentive for states when adopting the practice. Sportsbooks operate at much lower margins, and legislators are quickly catching onto the fact that taxable revenue from virtual casinos could dwarf that of the sports wagering markets.”
Payment methods are also contributing to the booming iGaming industry in the US. Cryptocurrency is one of the latest editions and this is an extremely safe way to gamble online, meaning those who may have been holding back due to payment concerns are now taking the plunge.