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Experts Predict Slow Climb For Online Casino Revenue Through 2026

Author: Live Casino Direct
 
Experts Predict Slow Climb For Online Casino Revenue Through 2026
Wild Casino

Connecticut became the fifth state with full private sector iGaming this week. Eilers & Krejcik Gaming predicts 14 states will offer online casino or poker by 2026. By then, 44 states and the District of Columbia will have legalized sports betting. EKG presented its findings at the American Gaming Association’s (AGA) Global Gaming Expo in Las Vegas.

Experts predict slow growth for Online Casino Revenue through 2026.

Sports betting, online casino and poker will generate $22.8 billion in revenue by 2026.

States are more leery of allowing online gambling. Illinois is the latest state to stall in its effort to legalize online casinos. Lawmakers are concerned about the possibility of online casino cannibalizing the income of retail casinos, as Illinois General Assembly adjourned without online gaming approval.

Connecticut will be the 7th state to launch some form of regulated iGaming in 8 years. New Jersey, Nevada and Delaware were the first, all coming online in 2013. Online gamblers are largely separated from retail players.

Experts predict slow climb for Online Casino Revenue Through 2026. Online casinos and poker are a far tougher political sell than sports betting.

COVID has boosted the productivity of the NJ market and accelerated the growth of PA and MI markets. Gains have persisted since land-based casino operations began to ‘normalize’ in Q2 2021.

The fear of retail casino revenue drying up for good was a sword of Damocles hanging over state lawmakers. Now the fear is abating, so online casino legislation may be less appealing.

State leaders are watching what operators are doing in states with legal online gambling markets. The approach to advertising in particular is rubbing them the wrong way. Irresponsible marketing brings risks for the industry. BetMGM, DraftKings and FanDuel are dominating the US online betting market.

Experts predict a slow climb for online casino revenue through 2026.

Experts predict slow climb for Online Casino Revenue through 2026. Two of the big four states will be live with online sports betting by 20 26.

Experts predict slow climb for Online Casino Revenue through 2026. California, Florida, New York or Texas will not move towards iGaming by 20 26. In 2021, US online casinos generated $3.3 billion and US retail and online sportsbooks brought in $5.1 billion in GGR.

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