The Commercial iGaming Revenue In the U.S. Reached Over $53B in 2021

It is safe to say that 2019 was one of the best years for the online gambling industry in many countries.

The industry was flourishing, which is why we had the chance to test loads of new online betting platforms. Speaking of the devil, if you are interested in finding out more about casinos and betting, you can visit SILENTBET and read the unique reviews of different sites. These articles include a complete overview of the given platform, including different kinds of promo codes.

Apart from Europe, where most countries allow iGaming in its different forms, many other countries also started offering those things. One of the places where online betting is becoming a lot more popular is the U.S., a country where the Supreme Court recently ruled that each state can decide whether to legalize online betting.

Needless to say, many places decided to take advantage of this ruling, which is why some of the top-tier gambling brands are now accessible in the country. Sadly, 2020 was not a good year for them because COVID-19 hit this industry like a truck, and most casinos/bookies suffered substantial losses.

The good news is that things have changed for the better, especially in 2021.

This year set a new record

Since 2021 was the year when the world slowly but steadily started recovering from the pandemic, many businesses achieved impressive results. One of them is online betting because 2021 was the year when the gambling industry in the U.S. reached really impressive numbers. According to the American Gaming Association, the revenue for 2021 was around $53B, almost 50% more than it was in 2020.

What’s even more impressive is that the commercial gaming revenue for 2021 was higher than the one for 2019, which held the previous record. It is worth pointing out that bettors in the U.S. also use brick-and-mortar casinos, which also play an essential role in this business.

Sports betting grew massively 

Although many iGaming fans in the U.S. use online casinos (and their land-based counterparts), sports betting is also becoming a lot more popular than before. A closer look at Silentbet’s reviews will show you that many top-tier European online bookies are now accessible in the U.S. Some created separate platforms, but this doesn’t mean they offer different things.

Thanks to the information from the American Gaming Association, we know that sports betting generated around $57B, which means it has more than a 165% jump from 2020. This is impressive because sports betting is gaining loads of new followers in places like New Jersey and Nevada. There were also a couple of new betting sites in many other places, such as Wyoming, South Dakota, Maryland, etc.

2021 was the year when Michigan and Connecticut opened their iGaming markets

Aside from sports betting’s massive increase in popularity, 2021 was one of the best years for the gambling industry in the U.S. because two more markets decided to open their doors to online betting websites. Connecticut and Michigan join the likes of New Jersey and now offer different kinds of betting sites.

Final Thoughts

It seems like 2022 will be even more successful for the betting market in the U.S. because people have started traveling more than before. This should positively affect the local casinos, especially in places like Las Vegas.

With that being said, some states will probably change their gambling laws shortly, so we expect to have even more places where locals would be allowed to wager on sports and play casino games from the comfort of their homes.