BtoBet has published its Industry Report on the US market, with the supplier indicating that the $7.7bn in combined gross revenue generated by the US sports betting and online gaming markets in 2021 could more than triple in three years.
The company noted that the market’s sectors are on pace to reach $24.3bn by 2026, making the US the largest global gaming market, double the size of the UK’s.
BtoBet explained that almost every US state has at least considered legalising sports betting, but that some deep-seated political opposition and complex tribal relationships will perhaps prevent many states from going online for years to come.
California, however, once legalised, is expected to have a huge impact on the overall US sports betting scene. Referencing data from H2 Gambling Capital (H2GC), BtoBet noted that by 2025 California will amount to 13.3% of the total regulated sports betting gross win.