Is the casino industry growing?
The casino industry in the US is growing at a rapid speed, thanks to online gambling. The US online gambling industry is worth billions, and constantly growing! A large part of this is from online casino gambling.
Contributing Factors
There are many factors that contribute to this steady growth. For starters, the population of female gamblers is on the rise. Women these days enjoy playing online casino games, just as much as men!
2018 kicked off the trend in online gambling when it saw SCOTUS overturn PASPA, allowing states to pass bills legalizing online gambling within their borders.
Several states have passed laws, allowing casinos to launch online gambling sites. These are governed by state law ensuring fairness and player safety. With the list of legal USA Online Casinos rapidly growing, many more people are opting to deposit money and try their luck online.
The states with legal online casino gambling include New Jersey, Pennsylvania, Delaware, and Michigan. In 2019, many states announced that they would be moving forward with online gambling legislation. Experts predict that the US casino industry’s worth will double in the next couple of years. There are currently active online gambling bills in many states along the East Coast and in the Midwest.
Many operators have figured out how to gain an edge in this competitive industry. Some companies, such as 888, now offer both online sports betting and online casino games through the same platform. 888 has also invested heavily in its own software and gaming technology. This way, they do not have to rely on suppliers.
Game Type
Online casino games include many different titles and game variations across a number of different platforms. Players in the US gravitate towards slot games but there are loads of options to play online casino table games as well.
The online casino market includes game types such as live casino, baccarat, blackjack, poker, and of course slots. There are many other casino games offered on US online casinos, however these are the most popular.
Poker plays a large role in the casino industry - both online and in physical form. The four US states with fully regulated poker includes Nevada, New Jersey, Delaware, and Pennsylvania.
Device Type
Online casino games can be accessed and played through a number of different devices, allowing casino games to be more accessible. Players can register to an online casino and play games on desktops, ipads, and mobile phones.
Mobile gaming accounts for a large part of the casino industry’s growth. In fact, 33% of all app downloads are from mobile games. It is estimated that one-third of the world’s population plays mobile games. That’s 2.4 billion people!
It’s no surprise that when operators started launching mobile casino apps, there was a huge spike in revenue. These mobile applications made it so casino games are readily available at players’ fingertips at any time. Players can access their favorite online casino games from anywhere, as long as their state has legalized online casino gambling.
It is expected that by 2022, mobile gaming will account for nearly 50% of the casino gambling market.