The United State’s Emerging Gambling Market
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The year 2021 was dynamic considering the global economy that was impacted by the pandemic. Many businesses were thrown off their feet and industries had to deal with unfamiliar waters and uncertain futures.
The US Supreme Court legalized sports betting in May 2018. New Jersey was the first state to bring the case to the Supreme court. Since then, sportsbooks have been opening all over the country. Global brands are showing interest in entering the American market. They might partner with established online and offline sportsbook in the US or acquire the existing operators.
The live casino market in the United States is still in its early stages. Global players are investing significantly to expand their geographical presence and customer base. Evolution Gaming established its first live gambling studio in Vancouver in January 2018. It has signed contracts with several licensed operators, like Hard Rock Hotel & Casino Atlantic City, Ocean Resort Casino, 888casino, and PokerStars Casino. BetOnline, Bovada, The BoVegas, MyBookie, Ignition Casino and 5Dimes are some of the key players offering live casinos.
Pennsylvania is the fourth and biggest state to declare online gambling legal. It is one of the fastest-growing markets in the country. The state's estimated gross gaming revenue was approximately USD 3226.92 million in 2017. Several companies are forming partnerships to address the demand for online casino platforms.
Gambling is a promising industry that is expected to undergo a few changes in the upcoming years. It is likely that it will become more widely legal across the US.
