The market for Online Gambling is growing rapidly across the globe, thanks to the growth in internet users worldwide. The popularity of online casinos has also been boosted by the rising internet penetration in developing nations. In fact, a recent study has found that the number of Internet users in developing countries increased by 93% from 2000 to 2021. This growth is being attributed to factors such as the growing number of internet applications and betting offers. To understand the market better, download our free report and explore the factors that are driving its growth.
Gambling involves activities such as pool-selling, bookmaking, maintaining dice tables and slots, conducting lotteries and bolita games, and selling chances. In the United States, a state is considered a “state” if it carries out gambling activities. The term “state” is used to refer to any state in the union, the District of Columbia, the Commonwealth of Puerto Rico, or any other country in which financial transactions take place.
In the United States, online gambling is legal in a number of states. More jurisdictions are legalizing it as a means to improve consumer protection and increase tax revenue. However, its prevalence is low compared to its offline counterpart. Despite this, participation is rising quickly in regulated websites.