Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

The internet gambling industry is rapidly developing and has long become a worthy competitor to the traditional offline gambling business. The global consulting agency H2 Gambling Capital predicts that by 2025 the gambling industry’s net profit will be $62 billion. According to the gambling statistics in the United States, the total value of the online gambling market will be two times more than it is now, and by 2025 it will reach the total amount of $112 billion. Online casinos are becoming more and more popular, and the number of classic casino establishments is getting smaller. The sports gambling statistics show the same picture. 

Market Overview

COVID-19 had a significant impact on the iGaming industry in 2020. Land-based gambling establishments faced large losses, while online casinos that operate in countries where gambling is allowed continued to experience an increase in the popularity of online gambling and an increase of traffic and revenue. According to analysts, the revenue of online casinos in 2021 will grow by 7% worldwide. A particular increase will be seen in Europe, whereby in 2025 the share of digital business is expected to increase to 33% of the total gross income from gambling.

As for the United States, the revenue of gambling statistics in the United States has already set an absolute record: the revenue for the third quarter of 2021 was $901 million, which was 15% more than in the first quarter. In the first half of 2021, companies that operate under gambling licenses got $1.66 billion in revenue, which has already exceeded the $1.55 billion in revenue earned for the entire 2020.

Taking into account the forecast of the USA gambling statistics, a rapid growth of online gambling is expected next year, and American and European operators will introduce new trends and non-standard approaches.

U.S. Gambling Revenue

In the second quarter of 2021, the revenue of the gambling industry in the United States has broken a record. In 22 states where gambling is allowed, the gambling revenue in the United States has exceeded its pre-pandemic levels:

  • State of Nevada – plus $3.6 billion (+17%).
  • State of Pennsylvania – plus $1.21 billion (+44.6%).
  • State of New Jersey – plus $1.11 billion (+35.5%)

At the same time, the Las Vegas Strip revenues decreased by 11%, which can only be explained by low tourist activity.

Market Trends

In 2021, trends in internet gambling in the USA are influenced by users` behavior and changes in work that occur during the lockdown period. Operators that provide internet gambling in the United States are beginning to adjust their services taking into account analytical studies based on studying the behavior and needs of the target audience.  

The Growing Popularity of Mobile Gambling

Back in 2017, polls showed that only 10% of online gambling users in the USA regularly used mobile phones for gambling. Over the next three years, this indicator actively grew, and by the end of 2020, almost half of the online gambling casinos users in the USA visit online casinos via smartphones and tablets. These statistics are confirmed by the joint digital report made by the European Gambling Association (EGBA) and H2 Gambling Capital, according to which 45.6% of the entire profit from digital gambling business in 2020 were obtained through the introduction of gambling to mobile devices. Analysts expect that in 2021-2022 the gambling revenue in the United States will reach 50.8%, surpassing PC traffic for the first time. This trend will continue, and by 2025, the share of online gambling revenues obtained through cell phones and tablets will become 58.2%.
In addition to the growth in the number of gamblers who use mobile gadgets to access gambling establishments, the amount of time they spend on smartphones will also increase. These changes of the online gambling market are happening because mobile technologies are not only becoming more accessible but also have good performance and usability. Even slots with 3D graphics or live games operate without any errors or loss of quality. At the same time, users will not stop using PC/MAC, for online gambling

Login

Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe