Connect with us

Gambling in the USA

How will the online gambling market develop in the coming years in the USA?

Published

on

 

A lot of changes are ongoing in the online gambling market all over the world including the USA. America is an area where online gambling is rapidly growing at a jaw-dropping speed. Tracking and predicting the development of the market in the coming years in the USA is simply a matter of analysis and watching out for noticeable trends and patterns.

One noticeable development is the ever-growing number of players and casinos. You can find top US online gambling sites on Casinovibez that offer genuine casino services and mouth-watering bonuses. They all have licenses and a solid reputation for fair play.

 

The Online Gambling Market in the USA

US online gambling market is one of the largest and fastest-growing in the world. As of 2018, the value of the US online gambling market was USD 47.57 Billion. According to a report from Industry Stats Report (taking into consideration the COVID-19 period), the value of the market will grow to USD 94.37 Billion by 2025. The US gambling industry is expected to record a CAGR of 10.28% over the stated period.

With so much growth expected from this rich industry, the question is how will it develop in the US in the nearest future. A look at nature, peculiarities, and predicted trends will reveal a rough pattern of development.

 

1. More Players Expected to Join The Market

The first and easiest development trait to predict is the addition of many new players and gambling companies in the US market. Anywhere there is a profit to make, you can expect people and companies to flock in. The online gambling market in the US is extensive enough for both players and companies to eat from. With the expected growth, expect more people joining in to get a piece of the cake.

 

2. Further Rise in Mobile Gambling

Already, mobile gaming is the fastest-growing segment of the gambling industry in the US. More people are turning to internet-based gambling especially mobile gaming due to the ease and convenience of play. Also, no payment restrictions contributed to its appeal.

About fifty players of the online gambling population in the US use their mobile phones or tablets instead of using desktops, laptops, or the more traditional forms of gambling. This number is expected to increase as more casinos and gaming manufacturers build casino games that are compatible with mobile devices.

 

3. US to dominate the online gambling market

The United States makes up the top five countries where gambling activities thrive. An astonishing 1.8 million people are employed in 40 states in the United States from the gambling industry. In the online gambling market, in a few years, the United States will dominate the landscape.

A lot of online innovations are opening up the ground for US dominance such as cryptocurrencies and virtual reality. Government attitude towards online gambling which has historically been a sour point is no longer so.

Many state governments and legislative houses are supporting the promotion of online gambling activities in their states. Harsh gambling laws across the US are now under review as their purpose, which was to stop illegal bookies is no longer relevant.

In America, the following states, New Jersey Nevada, Pennsylvania, and Delaware have set a standard for other states to follow by becoming the first states to legalize online gambling. Delaware and New Jersey have taken it a step further and now permit online casinos and poker sites.

In the nearest future, more states in the US will legalize online gambling including online casinos and poker sites. But for the moment, there are only four states (Nevada, Delaware, and New Jersey) where bookmakers can get a license to operate legally in the US.

 

4. New Jersey To Dominate the US Online Gambling Market

New Jersey boasts of having the largest market for online gambling in the US. As the online gambling market in the US grows, New Jersey will retain its top spot. Currently, the online gambling market in the state is worth over USD 225 million a year. This number will grow in the coming years with more players coming into the market.

 

5. Cryptocurrencies and Virtual Reality Technologies to Play Increased Roles

Cryptocurrencies are decentralized currencies that are growing in popularity in the online world. An impressive number of online casinos have integrated cryptocurrencies into their payment options. There are many online casinos globally that operate using only cryptocurrencies. In the coming years, cryptocurrencies such as Bitcoin will play more roles in the industry.

Virtual Reality Games are another technology to watch out for in the coming years in America.

 

Conclusion

The development of the online gambling market in the US is expected to record satisfactory growth rates in the nearest future. With no setbacks, the market can develop in the future to one of the largest in the world,

Continue Reading

Gambling in the USA

New Trade Association Launches Unprecedented Effort to Strengthen Responsible Online Gaming, Promote Best Practices

Published

on

New Trade Association Launches Unprecedented Effort to Strengthen Responsible Online Gaming, Promote Best Practices

 

The Responsible Online Gaming Association (ROGA), an independent trade association launched by seven of the largest U.S. legal mobile gaming companies, will actively promote a new industry-wide best practices charter, overseen by one of the world’s foremost experts in the field of responsible gaming (RG).

This unprecedented effort will be led by Dr. Jennifer Shatley, a deeply respected responsible gaming executive with more than 25 years of experience in the industry. She will serve as ROGA’s full-time Executive Director, and her role will be to facilitate widespread education to all relevant parties on the subject of responsible gaming.

ROGA will embark on a series of initiatives under Dr. Shatley’s direction. These include research, consumer and industry responsible gaming education and awareness, promoting responsible gaming best practices, an independent data clearinghouse, and an independent certification program.

Demonstrating their commitment to this endeavor, initial member companies – who together represent more than 85% of the legalized online sports betting and iGaming industry – have pledged more than $20 million in support of ROGA’s mission in year one. ROGA’s member companies include BetMGM, bet365, DraftKings, Fanatics Betting and Gaming, FanDuel, Hard Rock Digital, and PENN Entertainment.

“I am humbled, honored, and excited to be selected to lead ROGA during this important period of growth in legalized mobile gaming. Many of America’s largest legal mobile gaming operators will be establishing a framework that helps to aid in responsible gaming education and awareness. Together, our members will work alongside researchers, experts, regulators and stakeholders to promote responsible online gaming and maximize our efforts to support additional responsible gaming education and awareness. By coming together with a clear set of objectives, ROGA and our members will work to enhance consumer protections and help provide easier and more efficient access to responsible gaming tools for consumers to enjoy the entertainment of online gaming,” said Dr. Shatley.

Continue Reading

Compliance Updates

Play’n GO awarded Pennsylvania license 

Published

on

Play’n GO awarded Pennsylvania license 

 

Play’n GO has continued on its upward trajectory in North America by landing its latest US iGaming licenses and will soon supply its award-winning content portfolio to operators and players in Pennsylvania and Delaware

These licenses are the fifth and sixth obtained by the Swedish gaming giants in the USA, following New Jersey, Michigan, West Virginia, and Connecticut.

Play’n GO have taken a dual-pronged approach to its strategy in North America, with these US licenses being complimented by the company’s success north of the border in Canada, where Play’n GO was one of the first suppliers to be licensed to supply slot games in the province of Ontario.

Although early in its American journey, Play’n GO games such as Piggy Blitz, make regular appearances in the top 15 most popular titles in all of North America*.

Magnus Olsson, Chief Commercial Officer for Play’n GO, said: “Play’n GO content is the most conducive to player retention across the industry. With player acquisition costs sky high in the US, we’re pleased to be able to offer operators in Pennsylvania access to our content which will keep players coming back for more.

“We are determined to be the number one casino gaming supplier in every regulated market in the world, and given that we are thriving in more than 25 jurisdictions around the world where we have a license, we fully expect a similar success story in Pennsylvania in the coming years.”

Play’n GO is set to release more than 50 online slot titles in 2024 and is active in more than 25 regulated jurisdictions worldwide, including Ontario, New Jersey, Michigan and West Virginia in North America.

Continue Reading

Gambling in the USA

Lightning Box concocts scientific experiment with new release Experi-MENTAL

Published

on

 Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with its subsidiaries, “Light & Wonder” or “L&W”) announced the launch of its new game, Experi-MENTAL, stacked with features, modifiers and a clash with the mad scientist.

Experi-MENTAL has two in-game features to enhance the overall player experience.

This 3×5 title, exhibits the distinctive Expanding Wild Feature, which can award huge prizes for players should the Wild Brain symbol expand and replicate by five times during the Free Games round.

When players enter the mad scientist’s lab, they will stumble across the Upgrading Feature, which zaps the 9, 10, J, Q, K or A symbols into high-paying icons, including Test Tubes, Power Switch, Cat, Pug or Man. The wins are then accumulated and paid out once the reels have stopped spinning.

The Barrel Pick Feature can radio-activate the feature by awarding an extra 15 Free Games, as players are presented with highly dangerous barrels with an unknown material.

A meter appears when players select a barrel, with a red area and a green area in view. Landing on the meter’s green area ensures the Free Games round is triggered and additional games are awarded but landing in the red zone activates only the round itself.

The classic Free Games mode is unlocked when Scatter symbols appear, with five Scatters granting the maximum of 10 Free Games and the Barrel Pick Feature. During the round, Free Games can be retriggered at any time.

Experi-MENTAL is set to go live with Caesars in New Jersey, Michigan and Ontario initially, and will be available at a later date to customers of Light & Wonder’s industry-leading OPENGAMING™ platform.

 Michael Maokhamphiou, Studio Director at Lightning Box, said: “Experi-MENTAL is one Wacky slot game, and we believe it can propel our slots onto the next level.

 “During this game, players can unlock some new features, which add a dramatic element to this slot and classic round that are a cornerstone of Lightning Box’s portfolio. We are in no doubt will love taking on the mad scientist in this epic title.”

 Rob Procter, VP of Game Development at Light & Wonder, said: “2024 is going to be a big year for Lightning Box and the launch of Experi-MENTAL gives players the opportunity to showcase this thrilling game.

 “With a variety of different features exhibited on this captivating title, it sets Lightning Box apart from its competitors, ensuring the player experience is unrivalled.”

Continue Reading

Trending

GamingAmericas.com (part of HIPTHER) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

Disclaimer: All the information provided is for educational and entertainment purposes only. Always check your local laws before participating in any gaming activities.

Copyright © 2018 – 2024, HIPTHER. All Rights Reserved.