This Week in Gambling: Best start ever for US gambling in 2022
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Our friends at the American Gaming Association track American gambling revenue for the U.S. gambling industry. And this year those numbers show that the industry took in over $4.4 billion in January, which is fastest start to a year ever recorded.
The AGA’s numbers show the state-by-state and nationwide financial performance data, and include breakdowns for individual gaming verticals. The latest edition of the tracker includes comparisons to January 2020, and to 2021 when the coronavirus pandemic was continuing to impact U.S. gambling revenue.
Coming off of a record-breaking 2021, U.S. commercial gaming revenue in January, reached $4.50 billion, the industry’s fastest-ever start to a year. Combined gaming revenue from traditional casino gaming, sports betting, and iGaming grew by 21.4% from 2020 and was up 31.8% from January 2021.
The potential growth difference for the U.S. online gambling market between now and 2026 is is forecast to be as much as $2.2 billion. This according to research by the market research group Technavio in their “Online Gambling Market In US by End-user and Gender – Forecast and Analysis 2022-2026” report.
The easing of government regulations and wider reach for online gambling are some of the key market drivers. The internet gambling market in America comprises different types of games, and the rewards also differ from one game to another. The rewards are given in the form of physical goods as well as monetary benefits. However, factors such as frequent changes in gambling laws will challenge market growth.
