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The majority of states now permit online sports betting and/or casinos and this number is expected to increase. This has led to a surge in gambling activities nationwide, as both recreational and experienced gamblers take advantage of increased convenience and legal access.
Meanwhile, it is estimated that total revenue from sports betting in the United States exceeded that of Las Vegas for the first time in 2019. This was due in large part to the clash between two behemoths in sports wagering: British-based FanDuel and American-based DraftKings. The former reported $4.5 billion in revenue in 2019, with the latter claiming $4.2 billion.
Other trends in the US gambling market include the continued growth of mobile gambling, as players increasingly rely on apps and mobile websites to wager on sports, play casino games, and enter sweepstakes. Additionally, the surge in new legal gambling activities is driving a rise in venture capital investment in online and land-based gambling technology – further highlighting the upward trajectory of the US gambling market.
