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How will the online gambling market develop in the coming years in the USA?

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A lot of changes are ongoing in the online gambling market all over the world including the USA. America is an area where online gambling is rapidly growing at a jaw-dropping speed. Tracking and predicting the development of the market in the coming years in the USA is simply a matter of analysis and watching out for noticeable trends and patterns.

One noticeable development is the ever-growing number of players and casinos. You can find top US online gambling sites on Casinovibez that offer genuine casino services and mouth-watering bonuses. They all have licenses and a solid reputation for fair play.

 

The Online Gambling Market in the USA

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US online gambling market is one of the largest and fastest-growing in the world. As of 2018, the value of the US online gambling market was USD 47.57 Billion. According to a report from Industry Stats Report (taking into consideration the COVID-19 period), the value of the market will grow to USD 94.37 Billion by 2025. The US gambling industry is expected to record a CAGR of 10.28% over the stated period.

With so much growth expected from this rich industry, the question is how will it develop in the US in the nearest future. A look at nature, peculiarities, and predicted trends will reveal a rough pattern of development.

 

1. More Players Expected to Join The Market

The first and easiest development trait to predict is the addition of many new players and gambling companies in the US market. Anywhere there is a profit to make, you can expect people and companies to flock in. The online gambling market in the US is extensive enough for both players and companies to eat from. With the expected growth, expect more people joining in to get a piece of the cake.

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2. Further Rise in Mobile Gambling

Already, mobile gaming is the fastest-growing segment of the gambling industry in the US. More people are turning to internet-based gambling especially mobile gaming due to the ease and convenience of play. Also, no payment restrictions contributed to its appeal.

About fifty players of the online gambling population in the US use their mobile phones or tablets instead of using desktops, laptops, or the more traditional forms of gambling. This number is expected to increase as more casinos and gaming manufacturers build casino games that are compatible with mobile devices.

 

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3. US to dominate the online gambling market

The United States makes up the top five countries where gambling activities thrive. An astonishing 1.8 million people are employed in 40 states in the United States from the gambling industry. In the online gambling market, in a few years, the United States will dominate the landscape.

A lot of online innovations are opening up the ground for US dominance such as cryptocurrencies and virtual reality. Government attitude towards online gambling which has historically been a sour point is no longer so.

Many state governments and legislative houses are supporting the promotion of online gambling activities in their states. Harsh gambling laws across the US are now under review as their purpose, which was to stop illegal bookies is no longer relevant.

In America, the following states, New Jersey Nevada, Pennsylvania, and Delaware have set a standard for other states to follow by becoming the first states to legalize online gambling. Delaware and New Jersey have taken it a step further and now permit online casinos and poker sites.

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In the nearest future, more states in the US will legalize online gambling including online casinos and poker sites. But for the moment, there are only four states (Nevada, Delaware, and New Jersey) where bookmakers can get a license to operate legally in the US.

 

4. New Jersey To Dominate the US Online Gambling Market

New Jersey boasts of having the largest market for online gambling in the US. As the online gambling market in the US grows, New Jersey will retain its top spot. Currently, the online gambling market in the state is worth over USD 225 million a year. This number will grow in the coming years with more players coming into the market.

 

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5. Cryptocurrencies and Virtual Reality Technologies to Play Increased Roles

Cryptocurrencies are decentralized currencies that are growing in popularity in the online world. An impressive number of online casinos have integrated cryptocurrencies into their payment options. There are many online casinos globally that operate using only cryptocurrencies. In the coming years, cryptocurrencies such as Bitcoin will play more roles in the industry.

Virtual Reality Games are another technology to watch out for in the coming years in America.

 

Conclusion

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The development of the online gambling market in the US is expected to record satisfactory growth rates in the nearest future. With no setbacks, the market can develop in the future to one of the largest in the world,

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Canada

Casino Time Elevates Social Gaming in Ontario with Launch of iGaming Website

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Casino Time, a full-service online casino for Ontario residents, proudly announces the highly anticipated launch of its iGaming website, CasinoTime.ca. Affiliated with 10 Charitable Gaming entertainment venues across the province, Casino Time extends its legacy fundraising model and beloved social gaming experience to the digital realm.

At the time of launch, Casino Time features a premium selection of games in each of its core product verticals including Slots, Live Dealer Casino Games, and Bingo. Adding to its diverse portfolio, Casino Time is also set to introduce a Sportsbook in late 2024. With a robust suite of features including interactive chat, local customer service, 24/7 accessibility, loyalty rewards, and rapid payment solutions, the online platform provides a powerful casino experience that is community-oriented.

Casino Time is committed to meeting the expectations of players who value the superior gaming experience associated with its charitable gaming affiliates. The iGaming website harnesses industry-leading technology from Gaming Innovation Group (GiG) to deliver an intuitive user experience and offers progressive jackpots and full-service game offerings from Pragmatic Play, Evolution, IGT, and Blueprint Gaming, including mega hits like Lightning Roulette, Gonzo’s Quest, and Cleopatra.

Pragmatic Play will also be the driving force behind Casino Time’s Bingo offering, handpicked by the operator for its best-in-class user experience, comprehensive promotional suite, live chat functionality, and exclusive play-on-demand feature. Casino Time is the first Canadian iGaming operator to offer regulated access to the globally renowned bingo product, Bingo Blast, cherished by players everywhere.

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“We have been leading the revival of community gaming in Ontario for 20 years with cutting-edge gambling entertainment at the local level. Now through an exclusive partnership with iGO, we’re bringing our offerings online across Ontario, providing more access to the social gaming revolution that has won us a legion of fans,” says D’Arcy Stuart, CEO of Casino Time.

Rooted in legacy, Casino Time’s team is dedicated to delivering an unparalleled online and offline gaming experience with over 50 years of serving the gambling community in Ontario. Committed to VIP loyalty, high-touch customer care, responsible gaming practices, and safety and security, Casino Time provides community and peace of mind to its players.

“In our physical locations, our gambling product is, of course, second to none, but the special sauce is the social experience, which we’re replicating with the iGaming platform,” adds George Prue, General Manager of Jackpot Time Sarnia. “We know our customers personally and we love being part of their recreation and banter. Plus, proceeds get invested straight back into the community. That’s a gambling model we can proudly stand behind.”

Casino Time is not merely an online entity; it is an extension of the vibrant Ontario gambling community. Casino Time’s iGaming website goes beyond the ordinary, fostering a community-oriented gaming experience that is both social and inclusive.

 

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Alcohol and Gaming Commission of Ontario (AGCO)

Soft2Bet strengthens integrity monitoring with IBIA membership in Ontario

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Soft2Bet, a leading casino and sportsbook platform provider, has joined the International Betting Integrity Association (IBIA) and activated its membership in Ontario, Canada, following its licensing in the Canadian province.

Soft2bet obtained its Certificate of Registration from the Alcohol and Gaming Commission of Ontario (AGCO) at the end of March, where the company’s Ontario-focused brand Tooniebet.com will now feed into IBIA’s world-leading sports betting integrity monitoring platform before worldwide implementation in the coming months.

IBIA includes over 50 of the world’s leading sports betting and gaming companies, who operate over 125 sports betting brands. Soft2Bet’s decision to join the association further strengthens its own internal betting integrity protocols and IBIA’s position as the world’s leading sports betting integrity monitoring body.

David Yatom Hay, General Counsel at Soft2Bet, commented: “Soft2Bet is delighted to be joining the IBIA as we strengthen our own betting integrity monitoring processes and play our part in furthering the IBIA’s long-standing work on this key issue. Ontario is a world class iGaming jurisdiction; it will be the first market where we will implement our IBIA membership and we look forward to deploying the monitoring infrastructure worldwide in all the other markets in which we operate.

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Khalid Ali, CEO of IBIA, said: “Soft2Bet is a very welcome addition to IBIA, further strengthening our position in the Ontario market. The operator’s decision to join IBIA demonstrates its desire to utilise the best integrity protection available for its sportsbook product. The association is delighted to be able to integrate Tooniebet within our integrity monitoring system and looks forward to working closely with Soft2Bet to maintain the high integrity of its sportsbook.”

IBIA is a not-for-profit body that has no competing conflicts with the delivery of commercial services to other sectors and is run by operators and for operators to protect regulated sports betting markets from match-fixing. IBIA’s global monitoring network is a highly effective anti-corruption tool, detecting and reporting suspicious activity in regulated betting markets.

Through the IBIA monitoring network it is possible to track transactional activities linked to individual customer accounts. IBIA members generate more than $300bn in annual betting turnover (handle), accounting for approximately 50% of the global commercial regulated land-based and online sports betting sector, and in excess of 50% for online alone.

IBIA recently released a report on the Availability of Sports Betting Products which highlighted Ontario as a leading regulated gambling jurisdiction, with an expected onshore channelisation for sports betting of 92% in 2024 forecast to rise to 97% in2028. IBIA currently represents over 60% of the private sports betting operators licensed in the province. All online sportsbetting operators licensed in Ontario are required to be part of a betting integrity monitoring body.

IBIA’s Q1 2024 report detailed 56 alerts during the quarter. IBIA alerts contributed to the investigations and subsequent successful sanctioning of 21 clubs, players and officials in 2023, an increase on the 15 sanctioned in 2022.

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British Columbia Lottery Corporation

SCCG Management Signs Contract with British Columbia Lottery Corporation

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SCCG Management has signed a contract with the British Columbia Lottery Corporation (BCLC), the B.C. Crown corporation which conducts and manages commercial gambling in the province, including lotteries, casinos, and online gaming. This partnership aims to undertake a comprehensive assessment and strategic enhancement of BCLC’s diverse operations.

The work between SCCG and BCLC will involve a thorough review of technological infrastructures, strategic market positioning, and the integration of various gaming modalities. SCCG’s extensive expertise will be pivotal in harmonizing BCLC’s online and physical gaming experiences.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Our collaboration with BCLC represents a remarkable opportunity to push the boundaries of innovation within the gaming industry. We are committed to deploying our resources and expertise to enhance BCLC’s operational efficiencies and customer engagement strategies. It’s an honor to partner with an organization that has a robust impact on the community through its support of public initiatives.”

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