America and its gambling love story
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Gambling is a thriving industry in the USA. Online gambling in America generates $39 billion annually. Over 85% of adult Americans have admitted to gambling at some point in their lives.
Casinos are the most popular form of gambling in America. Lotteries are popular because of their low-stakes nature. Sports betting was legalized in 2018 and is the fastest growing area of the gambling industry. New Jersey was the first state to take advantage of it. in some states up to 90% of wagering is done online.
There are 82% of online gamblers in the US are male. The majority of gambers are middle-aged, between 35 and 50 years old. Nevada was the first state to legalize gambling. There are over 300 casinos in Nevada. Over 75% who visit the state yearly go there to gamble. Indian casinos contribute 43% to all casino gaming revenue in U.S.
There are less than 2% pathological gamblers in America. The number is higher in young adults. Online betting and aggressive online ads make teenagers more prone to fall into a gambling habit.
Despite some confusing laws and restrictions on gambling in some states, gambling goes on in one form or the other across the country.
This article does not necessarily reflect the opinions of the editors or the management of EconoTimes.
