US Online Casinos Drive Revenue Growth For NetEnt, Evolution
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US Online Casinos Drive Revenue Growth For NetEnt and Evolution Gaming. Netent generates more revenue from North America than its home Swedish market. Evolution sees more US revenue than the entire Nordics region.
Evolution saw its Q1 US revenues climb 54% year-on-year to $7.7 million. New Jersey is outperforming expectations and the firm is aiming to open a new live dealer studio in Pennsylvania before the end of 2020. NetEnt also reported strong results in the US, with revenues of $3.6 million in Q2 2020, which is the first time it has broken out US-specific revenue splits.
Michigan is aiming to have its online betting and gaming market live this year instead of 2021. Evolution CEO Martin Carlesund expects more states to allow online gaming in the coming months and years. US online gambling legislation has lagged behind sports betting to date.
