Gambling in the USA
Top 5 Sports Betting States in the US
Across the United States, there has been a significant increase in the popularity of online sports betting in recent years.
Following the Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA) in 2018, states were given the power to legalize and regulate sports betting.
This ruling set the ball rolling for a thriving sports betting industry in the US.
This article will take a look at the top five betting states in the US.
1. Nevada
First on our list is Nevada, it is the home of the world-famous and vibrant city of Las Vegas.
Nevada is at the forefront of the betting industry even before the countrywide legalization of sports betting.
Long before the Supreme Court ruling on PASPA, Nevada had already carved a niche for itself as the top destination for gaming in the United States.
In addition to its reputation as a betting haven, the early adoption of sports betting has also been instrumental in establishing it as the top betting state in the US.
Sports betting has been so successful that Nevada’s gambling revenue reached a record $14.84bn in 2022.
2. New Jersey
New Jersey is another foremost sports betting state. In the aftermath of the Supreme Court ruling which gave states the power to legislate on sports, New Jersey made sports betting legal within its borders.
In June 2018, Governor Phil Murphy signed the legislation allowing sports betting in the Garden State.
Its proximity to cities like New York and Philadelphia has also played a part in the growth of the sports betting industry in the state.
In 2022, the state recorded a joint revenue record of $5.21bn with 2006 despite a decline in gambling revenue.
3. Pennsylvania
The growth of online sports betting in Pennsylvania has been nothing but phenomenal, and the state has established itself as one of the top sports betting states in the US.
The state boasts a significant population and a virile sports culture. Since legal online sports betting launched in 2019, the state has grown from strength to strength in the sports betting industry.
Going by figures from the Pennsylvania Gaming Control Board, Sportsbooks handled about $7.25bn, while online casinos raked in $1.36bn in revenue in 2022 alone.
And if all the indicators are anything to go by, the revenue is likely to get even higher with more people signing up for online sports betting particularly because of the impressive array of Pennsylvania Sportsbook Bonuses.
4. Illinois
The rise of Illinois to become one of the top destinations for sports betting in the United States is not surprising.
The combination of sports-loving residents and its strategic location in the Midwest has helped the sports betting industry in the state to grow.
Earlier in the year, the Illinois Gaming Board reported that traditional sports wagering handled around $1.03 bn for December, making it the third consecutive month it exceeded the 1 billion mark.
5. Colorado
The final entry on our top five betting states list is Colorado. While Colorado may not have a long history of gambling, it is now one of the hotbeds of sports betting.
Colorado joined the fray and legalized online sports betting in 2019.
In 2022, the Centennial state recorded the sum of $5.18bn in revenue from sports betting.
Conclusion
As online sports betting continues to catch on across the United States, several states have made some gains in the sports betting industry.
Nevada and New Jersey are leading the way, while other states are not too far off from the leading duo.
The sports betting landscape will continue to move and shift as more states legalize sports betting.
Gambling in the USA
Zula Casino Kicks Off its Spectacular 1-Year “Zula-versary” with a Month of Events and Promotions
Zula Casino launched its online social casino in the US exactly a year ago delivering more. More games. More rewards. More free-to-play entertainment through a personalized experience. Zula Casino marked its one-year launch by crossing the 1000 casino-game threshold – a milestone that positions it among the top platforms nationwide.
The month-long birthday bash intends to go over the top to give back to its amazing player community that helped make this first year so incredible. With its advent calendar format, players can unlock a special surprise each day ranging from a “Win-a-Vacation” event, a carnival event, free spins and new exclusive games, and a prize pool of over 25 billion Gold Coins (GC) plus 150,000 Sweeps Coins (SC) to be given out throughout the month. Over this period, Zula Casino will run other special events, including surprise happy hours with special coupons, various social media contests, and special giveaways.
“We’re incredibly proud of the player experience we’ve built over the last 12 months. The platform has garnered a substantial and loyal pool of players, and it’s not just because we offer one of the largest game selections from leading global providers, but also the exclusive experiences we’re providing, and the platform’s continued evolution with enhanced promotions, personalization, and seamless user experience,” said Tamar Laypan, Program Manager of Zula Casino.
Zula Casino has added over 1000 games across all categories over the past 12 months, including slots, jackpots, fish, table, plinko, megaways, crash, hold and win, tumble games, and more. These additions include top games like Big Bass Vegas and Fire Stampede, as well as branded exclusives like Gold Gold Gold 5000, supplied by Booming Games, and Sweet Bonanza 1000 by Pragmatic Play. With recent additions, Zula Casino now boasts 25 game providers, including Relax Gaming, Habanero, Evoplay, Pragmatic Play, RubyPlay, Gamzix, Let Us Entertain You Inc., to name a few.
Zula Casino flourished in a tough and highly competitive market, launching its proprietary-integrated platform in September of last year. With an average TrustPilot score of 4.6 and almost 9K reviews, the online social casino is among the highest-rated free-to-play sites in the market.
Zula Casino was also previously shortlisted for the prestigious Global SBC Awards in the category of “Rising Star in Casino”.
Gambling in the USA
NCPG Welcomes Diana Goode to the Board of Directors
NCPG has announced the appointment of Diana Goode to the National Council on Problem Gambling’s Board of Directors. Diana, who has served as the Executive Director of the Connecticut Council on Problem Gambling (CCPG) since May 2018, brings over 25 years of nonprofit leadership experience to this role.
In her time with CCPG, Diana has championed initiatives that address problem gambling and promote responsible gaming across Connecticut. Additionally, she has played an active role on the NCPG Affiliates Committee, contributing valuable insights from her years of experience.
Before joining CCPG, Diana held executive roles in nonprofits focusing on poverty alleviation and financial literacy in Connecticut. Her academic credentials include a degree from Dartmouth College and an MBA in Finance and Marketing from the University of Connecticut. She resides in the Greater Hartford area, where she remains deeply engaged in her community.
Diana will serve an interim appointment in the Affiliates seat on the NCPG Board of Directors until Spring 2025.
Gambling in the USA
Gaming Executives Positive on Current Business Conditions, Cautious on Future Growth Expectations
Overall Balance Sheet Health, Access to Credit Continue to Improve
In the face of slowing revenue expansion, gaming industry leaders continue to hold an overall positive view of the current business situation, with a notable improvement in credit conditions, according to the latest American Gaming Association (AGA) Gaming Industry Outlook.
The majority of respondents (88%) view the current state of the gaming industry as either good or satisfactory. Meanwhile, executives have a more conservative outlook on future business conditions, with respondents split on whether they expect conditions to improve over the next three-to-six months (3% net positive) and many expecting a decrease in customer activity (28% net negative).
“After years of very strong consumer gaming spending growth, expectations around customer activity over the next three to six months have cooled considerably,” said AGA Vice President of Research David Forman. “Still, gaming businesses remain well positioned, with executives touting strong balance sheets and more viewing access to credit as easy than restrictive for the first time in two years.”
Gaming Executive Panel
Since Q1, gaming executives’ sentiment has shifted, with a greater number of respondents now expecting a decline in customer activity over the next three to six months (28% net negative, up from 4% net negative in Q1). Despite this, panelists foresee improvements in overall balance sheet health (34% net positive).
Additionally, more executives reported access to credit as easy (19%) rather than restrictive (3%) for the first time in two years, and fewer cite interest rates as a major limiting factor than in the spring.
Hotel (56%) and food and beverage facilities (56%) continue to be the main and growing focus of capital investment among operators, followed by live entertainment (28%) and casino floor slots (22%).
Meanwhile, gaming equipment suppliers now believe their pace of capital investment and game sales will decelerate (13% net negative).
These expectations are impacted by evolving macroeconomic challenges, with uncertainty of the economic environment vaulting to the top of executive concerns (56%, up from 34% in Q1), followed by state regulatory concerns (31%), and inflationary or interest rate concerns and geopolitical risk (both 34%).
The Current Conditions Index
The Current Conditions Index for Q3 2024 was 97.3, which is consistent with real annualized contraction of 2.7 percent. The Current Conditions Index measures real economic activity in the industry, as measured by gaming revenue, employment and employee wages and salaries.
The Future Conditions Index
The Future Conditions Index, a leading indicator of changes in industry conditions, measured 98.9 in Q3. This indicates an environment in which real economic activity in the gaming sector, after controlling for underlying inflation, is expected to moderately decrease over the next six months (1.1% annualized rate).
-
partnerships3 days ago
SportsGrid partners with G2E to Spotlight Gaming Industry’s Top Voices and Innovations
-
Latest News7 days ago
Hard Rock International and NY Mets Owner Steve Cohen Officially Unveil Renderings of Metropolitan Park
-
Interviews7 days ago
Propping up the prediction game for sports betting
-
Compliance Updates3 days ago
Grupo Aposta Ganha secures GLI 19, GLI 33 and Brazilian certification for its platform from BMM Testlabs
-
Latest News2 days ago
The Critical Importance of On-Premise Software Installation in the Gaming Industry: Navigating Risks of Cloud Service Withdrawals
-
Canada7 days ago
BCLC Partners with CFL as Official Sports Betting Partner in British Columbia
-
Canada7 days ago
Play Alberta, CSEC Extend Partnership
-
Canada7 days ago
Goldrush Expands to Ontario with Delasport’s Turnkey Solution