United States Online Gambling Market Report 2020: Live Casino Gaining Momentum Despite Stringent Regulations – Yahoo Finance

United States Online Gambling Market Report 2020: Live Casino Gaining Momentum Despite Stringent Regulations – Yahoo Finance

DUBLIN, Oct. 13, 2020 /PRNewswire/ — The “United States Online Gambling Market- Growth, Trends and Forecasts (2020-2025)” report has been added to ResearchAndMarkets.com’s offering.

Research and Markets Logo
Research and Markets Logo

The United States online gambling market is projected to register a CAGR of 15.41% during the forecast period (2020 – 2025)

The current legislation framework for online betting in the United States allows only bookmakers licensed in Nevada, Pennsylvania, Delaware, and New Jersey to operate legally, as these are the four states where online betting is regulated

New Jersey is currently the largest market for regulated online gambling in the United States. Over a dozen legal and licensed online casino sites and poker rooms compete for an overall market that is worth more than USD 225 million a year. There are a number of sportsbooks and online sports betting apps live in the state.

As per the data released by the Division of Gaming Enforcement (DGE), in June 2019, the revenues from the top three online casinos in New Jersey were as follows. The Golden Nugget/Betfair accounted for USD 13.6 million, the Resorts AC recorded USD 6.39 million revenue, and Borgata/Party earned a revenue of USD 5.66 million.

Key Market Trends

Live Casino Gaining Momentum in The
Source…