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How Online Gambling Gained Momentum in the USA Amidst Covid-19
With the lingering Covid-19 pandemic and ongoing quarantine, people constantly get bored at home; hence they frequently turn to online sites, games, and platforms. The recent lockdown(s) led to the closure of Lottery Stalls, Gambling Lounges, Bingo Halls, and Casinos. The gambling industry transitioned from offline to online gaming and gambling at the comfort of your home.
One can distinguish online gambling by getting involved in betting in casinos or sports over the internet. People referred to this as Internet Gambling or e-gambling. Usually, you use credit cards to place the stake, and you can enjoy wins or losses thereby. And with the current popularity of online gambling, a must-do is to find a safe and reliable online gaming site like CasinoVibez.
Online Gambling Facts And Statistics
Statistics say that in 2020, the online gambling market in the USA was at an estimated value of USD 1,978.57 million and projected to register a 17.32% in a 5-year CAGR. And the online gambling industry statistics show that the Covid-19 lockdowns of 2020 put many bettors at the risk of consuming either more time or money venturing online.
Here are some current facts about online gambling in the US:
About 96% of online bettors find it convenient to play at home, and 64% consume more time and wealth gambling online. More than 10 million Americans have a gambling addiction, and 85% of Americans divulged to having gambled at least once in their lifetime.
Looking at the online gambling data, more than half of the online gamblers in the USA are female, and they are 31% more at risk of developing problems due to online casino gambling.
And while it’s true that online gambling is widespread globally, it doesn’t inevitably mean that all of it is legal. In America, 16 out of 50 states are not even intending on approving a bill, the illegal gambling statistics show. Some of these states include Texas, Wyoming, Washington, and Utah, to name a few.
Why Online Gambling Became The New Normal
The aptitude of placing a stake or taking part in a card game from the solace of one’s home appeals to many patrons worldwide. As a result, the international online gambling market scope reached almost 59 billion USD in 2019, and they foresaw its further growth. And with casinos and gambling halls closed because of the pandemic, the investors and owners found another way to revive the industry in the form of online gambling games and online gambling sites. Now, you don’t have to travel to Las Vegas to experience gambling at its best.
Whether you’re in bed or out on your patio drinking coffee, you can relive the feeling of being there in the safety of your home. Just like wearing face masks and the 6-feet-away rule, online gambling is one of the new normals that we have to encounter.
Top 5 Popular Online Casino Games That Boosted Online Gambling
From face-to-face gaming to online gaming, these games played a big part in boosting the online gambling industry. You could check below some of the most famous and best casino games that you could try.
Slots
One of the oldest and considerably famous gambling games to play, online slots will provide you with hours of leisure and allow you to earn real cash on one of the many generated jackpots available. Online slots are also one of the simplest games to play, so it’s a crowd favorite.
Roulette
The game Roulette is one of the oldest and most common casino table games out there. When playing, you have to spin the wheel and see if your number comes up. There are three traditional types to choose from; American, European, or French roulette.
Blackjack
Also known as 21, it is undoubtedly one of the most popular classic games of skill. This hugely famous card game is an online favorite and is available in many variants that will keep you occupied for months and months.
Video Poker
Poker is another of those top-rated gambling games accessible online. Video Poker is a game based on the five-card draw poker where you play by betting coins in hopes of building the most substantial possible hand. Winning will add money to your bankroll.
Keno
Keno is simple to understand and quick to play. It’s a lottery-style game that has become a favorite at online casinos everywhere. Like the lottery, this is a game of chance, and the outcome is entirely random. So if you’re interested in bingo or lottery-style games, be sure to check this out.
Online Gambling Reminders
Online gambling has a significant impact on the world as we know it today. The upgraded gambling industry accompanies pros and cons. People only need to be vigilant and learn to have the self-control required to enjoy the game and not turn it into addiction. As the online gambling market gains momentum and grows alongside Covid-19, seize the moment and enjoy what life has to offer. Be it apples or online casino chips.
Latest News
A Decade in iGaming: From Newcomer to a CMO
Wow, time flies! Can’t believe it’s been ten years since stepping into the exhilarating world of online gambling – a field that initially seemed like a short-term stint quickly turned into a new-found passion.
Moving to Malta, and eventually finding a home in Tallinn, I’ve had the privilege to watch the highs and lows as well as the many progressions and transformations. Today, I am proud to form part of the Mr. Gamble team that is ambitiously expanding into new markets, and pushing the boundaries.
From Customer Support to CMO
My journey in iGaming kicked off in Customer Support at Betsson – a leap from my telecom sales management role back in Finland. While this move puzzled my family and friends alike, it was a necessary step. Over the months and years, I worked my way up through various roles including Affiliate Coordinator, Affiliate Manager and Head of Affiliates, learning the various intricate parts of the industry, while at the same time adapting to new technological changes.
One thing is for sure, the iGaming industry is a fast-paced one, and each role has helped me to thrive and adapt to the various changes. Flexibility is key when working in this industry.
Venturing into Entrepreneurship: My Own Affiliate Business
Following many years of corporate experience, I took the leap to start up my own affiliate business with the aim of creating my own business from scratch. Handling everything from SEO and content strategy to fostering brand partnerships and growth strategies gave me an overall view of the affiliate industry’s many complexities. This entrepreneurial journey instilled insight and resilience, especially in terms of the value of the diverse skill sets found within a team.
By 2023, I joined Mr. Gamble as CMO, bringing my own entrepreneurial experience into this company’s growth strategy. Drawing on my background in SEO, content management and brand development and alongside a knowledgeable team, we have successfully strengthened Mr. Gamble’s presence in established markets, while also setting our sites on new markets.
New Markets and New Possibilities
Since the online gambling industry is continually evolving and expanding, it also brings with it a surge in growth when it comes to new and emerging markets. While we have made huge strides in launching Mr. Gambe USA, we are also eyeing promising regions in Asia, Latin America and Africa, where digital adoption and regulations are evolving creating new opportunities.
As we continue to solidify our presence in the US, these emerging markets represent the next frontier.
An Ever-Changing and Evolving Gambling Industry
Over the past decade, the online gambling industry has quickly evolved from a somewhat fragmented field to a high-powered professional space. Conferences and expos, once informal gatherings have become hubs for talent.
Events such as SiGMA, SBC, iGB, NEXT.io and Hiphter Events today celebrate the progression of iGaming, while highlighting the various advances in technology and market inclusivity.
The shift toward hybrid work in recent years has also paved the way for industry shakeups. While digital operations are convenient, the importance of face-to-face meetings and connections remains. In an industry highly reliant and built on personal relationships, meeting in person strengthens partnerships and opens doors to new opportunities.
A Bright Future for Mr. Gamble
As CMO of Mr. Gamble, I along with the team are committed to expanding our brand’s influence, not only in traditional markets, but also in new and emerging ones. iGaming is constantly evolving and our strategies must evolve too, adapting and driving on the windy road to success. This entails adapting to changes in technology, user behaviour and experience, and most importantly navigating regulatory landscapes.
Of course, Google’s frequent algorithm updates keep us our our toes, pushing us to refine our approach to stay competitive and ever more relent.
Reflecting on the last 10 years, I am energised and optimistic for the future. With a talented team and untapped markets in tow, Mr. Gamble is well-prepared for substantial growth and impact. Here is to the journey ahead and to everyone – mentors, peers, and friends who have been part of this rewarding path. The next decade holds great potential, and I look more than forward to what is yet to come.
Latest News
MAJOR LEAGUE BASEBALL SELECTS SPORTRADAR TO TRANSFORM PLAYER TALENT SCOUTING FOR ALL 30 CLUBS
Sportradar today announced a multiyear agreement with Major League Baseball (MLB) to offer unparalleled sports performance analysis of amateur baseball prospects, through its Synergy Coaching and Scouting solution, to the league and its 30 Clubs. This new partnership will revolutionize player talent scouting through Sportradar’s advanced, proprietary technology and highlights Sportradar’s commitment to delivering innovative and game-changing solutions to the league.
Under the agreement, MLB and its 30 Clubs will gain access to an unprecedented depth of player analysis and insights with event coverage expanding significantly, from 3,300 to more than 20,000 games – an over 600% increase. This includes college, international, professional partner leagues and leading amateur leagues, such as the MLB Draft League, the Appalachian League and MLB Develops events, and, for the first time, top high school events.
The Synergy Coaching and Scouting solution is uniquely positioned to address the player evaluation needs of MLB as it leverages Sportradar’s expertise ingesting and transforming millions of data points from video into detailed metrics, actionable insights and dynamic visualizations. This, combined with Sportradar’s AI-powered sports performance technology, enables Synergy to provide unparalleled, in-depth analysis of every player, play and game situation, and equips MLB and Club scouts with the information and insights they need to streamline the evaluation process, guide draft decisions and support the development of future MLB players.
“Sportradar’s cutting-edge technology, alongside our reputation as a trusted partner to leading US sports leagues, is driving the transformation of sports performance analysis,” said Eduard Blonk, Chief Commercial Officer, Sportradar. “Through Synergy we are pleased that we are expanding our relationship with MLB, equipping them with the deep data and insights they need to identify the next generation of players. We are eager to continue bringing innovative solutions to MLB.”
“We are excited to expand our relationship with Sportradar and ensure equal access to the Synergy video and data services for all 30 MLB Clubs. This platform has become a key resource for Clubs in the domestic and international scouting process and we look forward to continuing our work with Sportradar in the coming years,” said John D’Angelo, MLB’s Sr. Vice President of Amateur and Medical Operations.
Financial reports
Commercial Gaming Revenue Growth Continues in Q3 2024, Driving Industry’s 15th Consecutive Quarter of Growth
U.S. commercial gaming revenue reached $17.71 billion in Q3 2024, the industry’s highest-grossing Q3 on record, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. This makes Q3 2024 the industry’s 15th consecutive quarter of annual revenue growth, with September marking the 43rd straight month of rising year-over-year commercial gaming revenue.
Through the first nine months of the year, nationwide commercial gaming revenue stands at $53.24 billion, pacing 8.0 percent ahead of 2023 and putting the industry on track for a fourth straight record revenue year.
In Q3 2024, 29 of the 35 commercial gaming jurisdictions operational last year saw increased year-over-year revenue. This growth resulted in an 8.9 percent year-over-year increase in state and local taxes tied directly to gaming revenue, with commercial gaming operators contributing $3.79 billion in taxes across the quarter.
Quarterly revenue from land-based gaming – encompassing casino slots, table games and retail sports betting – totaled $12.56 billion, 0.62 percent lower than Q3 2023. Meanwhile, combined revenue from online sports betting and iGaming totaled $5.14 billion in Q3 2024 as online gaming made up 29.0 percent of commercial gaming revenue, a significantly higher share than in Q3 2023.
Looking at each sector in Q3 2024:
- Traditional Gaming: Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.38 billion, a contraction of 0.9 percent year-over-year.
- Legal Sports Betting: Americans legally wagered $30.3 billion on sports, generating $3.24 billion in quarterly revenue (+42.4% YoY). Recent market launches in Kentucky, Maine, North Carolina and Vermont contributed to this growth.
- iGaming: iGaming generated $2.08 billion in revenue, marking a 30.3 percent year-over-year increase.
“Q3 2024 continued gaming’s momentum from the first half of the year, with online casino and sports betting driving strong growth. At the same time, new brick-and-mortar casino openings bolstered traditional gaming, which still accounts for the bulk of industry revenue,” said AGA Vice President of Research David Forman. “More than a quarter of commercial revenue now regularly comes from online sources, raising the importance of continued sustainable growth with consumers in those states.”
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