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It’s already captured over 45% of the country’s online sportsbook market. The American market’s gradual opening is a massive opportunity for the gambling giants currently witnessing their casino revenues tumble. And with the US gradually legalising sports betting, gaming is growing increasingly ubiquitous. Some licensing exceptions do exist, for example in casinos in New Jersey and Nevada, with physical casino operators and their online partners covered by the exemption. It is also illegal for any online casino in the US to accept bets, unless it is explicitly licensed to do so. At the time, it was reported that research showed as many as 32 states would legalise sports betting within 5 years, following on from the act.
All major US online casinos have fully optimized mobile apps for iOS and Android, or mobile-responsive websites that work directly in your browser. Enhanced security, privacy, and mobile optimization are other plus points for choosing online casinos to place bets on sports. Live bets has become a staple in online sports betting, which online casinos have embraced.
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It handles site licensing, tax revenue collection, and game testing and approval. Online gambling gross win in Europe was EUR 29.3 billion in 2022, according to the European Gaming & Betting Association. What do you think is next for the gaming industry?
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Increasing internet penetration has a direct impact on the growth of the online gambling industry. That’s why Flutter’s been wise to diversify away from exclusively sports, making sure it’s got a toe dipped in the online casino space. While the size of a sports bet tends to be greater than the cost to play a game on the casino floor, the volume of casino transactions is much more frequent. Over the last year, as the pandemic did with just about anything digital, that shift to online gambling was put into overdrive. The tide does appear to be turning in favour of gamblers and casino operators, with emerging US markets becoming a competitive environment for online operators for the first time. For individual players, the position remains clear – wherever your bets are accepted, you won’t be prosecuted for gambling online or offline.
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