Winning Streaks stand firm: North American gambling capstones
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North America and Canada are betting on winning streaks. iGaming is on the rise in the U.S. and is set to join land-based casinos and sportsbetting as a lucrative business. In Canada, gamblers enjoy games and sportbetts on their smartphones, tablets and computers.
Nevada has recorded a monthly profit of $1.31 billion for the 17th consecutive month. It is the state's fourth highest recorded monthly total and the second highest on the Las Vegas Strip. The previous highest monthly profits were recorded in July 2019. The state has seen a 28.4% increase in profits since the outbreak of the Covid pandemic. Despite the elevated inflation and higher interest rates, the gaming hub proved itself a sanctuary from the economic downturn.
Ontario iGaming reels in CA$162 million. There are 18 operators active across 31 gaming websites and 492,000 active players. Players spend an average $113 per month on gambling.
