average amount of money lost online gambling

“Americans have been betting on sports as long as they've been sports to bet on, they just haven't had the legal opportunity to do it before. “Look at New York or Louisiana-does anybody reasonably think that millions of people just decided to try out sports betting for the first time last month? Of course not,” says Miller. Four states are considering iGaming, including Indiana, Massachusetts, Missouri and New York.īut the big elephant in the room in terms of threats to growth and competition is illegal gambling, especially in the sports betting sector, says Miller. Looking towards 2022, seven states are discussing sports betting, including California, Georgia, Hawaii, Kansas, Massachusetts, Missouri, and Oklahoma. Revenue reports from tribal casinos have not been released yet, but the AGA says Native American-owned casinos could report as much as $40 billion in revenue. All three states each generated $1 billion in gaming revenue last year, a record no state had done before. New Jersey is also number-one in iGaming revenue, with Pennsylvania and Michigan in second and third place. In total, across six states that allow it, iGaming generated $3.71 billion in revenue, up 139% from 2020.Two new states, Connecticut and Michigan, launched iGaming in 2021. IGaming is also bringing in more money than ever before. Illinois, Pennsylvania, Nevada, and Michigan, follow. New Jersey, for the second year in a row, is the top sports betting market with $815 million in sports betting revenue. Currently, more than 100 million Americans can place a legal sports wager across 30 states. Every market except one-Delaware-hit an annual wagering record. The growth is mostly due to seven new markets between 20. Last year, Americans wagered a record $57.22 billion on sports, up 165% from 2020, bringing in an all-time high in revenue of $4.29 billion.

Revenue from sports bettors is also on the rise.

The average age of casino goers last year fell from 49 to 44 years old since the start of the pandemic. While traffic is still down at casinos compared to pre-pandemic rates, an increase in consumer spending in most markets is carrying the industry to new heights. Every market with physical casinos that feature slots, table games and in-person sports betting saw revenue increase from 2020 and 15 states beat 2019 gaming revenue.

Average amount of money lost online gambling