With the advent of technology, there has been the widespread implementation of virtual reality, blockchain, and mobile platforms in the gambling industry across the world.

Moreover, casino gambling has been one of the rapidly growing online gambling categories due to its convenient usage and optimal user experience. Several sportsbooks and online sports betting apps are live in the state. Over a dozen legal and licensed online casino sites and poker rooms compete for an overall market. Currently, New Jersey is the largest market for regulated online gambling in the United States. Furthermore, gamers in the country are often considered digital natives and are generally considered to rely heavily on technology. The rising demand of consumers towards gaining profits in a short time is one of the primary reasons that is boosting the United States online gambling market. Thus, the pandemic has resulted in a growth of the United States online gambling market from the third quarter of fiscal 2021.

The US Online Gambling Market size is expected to grow from USD 4.39 billion in 2023 to USD 9.42 billion by 2028, at a CAGR of 16.52% during the forecast period (2023-2028).Īfter the pandemic, the market gained certain momentum and the money supply chain moved, the consumers were seeking certain platforms to promote their capital portfolio, for instance, some of the consumers invested in stocks whereas some of them preferred online gambling platforms, this was because they were offered with several game types and were also easily earning the profits from the capital invested.

Sports betting size of industry