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Top 5 Sports Betting States in the US
Across the United States, there has been a significant increase in the popularity of online sports betting in recent years.
Following the Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA) in 2018, states were given the power to legalize and regulate sports betting.
This ruling set the ball rolling for a thriving sports betting industry in the US.
This article will take a look at the top five betting states in the US.
1. Nevada
First on our list is Nevada, it is the home of the world-famous and vibrant city of Las Vegas.
Nevada is at the forefront of the betting industry even before the countrywide legalization of sports betting.
Long before the Supreme Court ruling on PASPA, Nevada had already carved a niche for itself as the top destination for gaming in the United States.
In addition to its reputation as a betting haven, the early adoption of sports betting has also been instrumental in establishing it as the top betting state in the US.
Sports betting has been so successful that Nevada’s gambling revenue reached a record $14.84bn in 2022.
2. New Jersey
New Jersey is another foremost sports betting state. In the aftermath of the Supreme Court ruling which gave states the power to legislate on sports, New Jersey made sports betting legal within its borders.
In June 2018, Governor Phil Murphy signed the legislation allowing sports betting in the Garden State.
Its proximity to cities like New York and Philadelphia has also played a part in the growth of the sports betting industry in the state.
In 2022, the state recorded a joint revenue record of $5.21bn with 2006 despite a decline in gambling revenue.
3. Pennsylvania
The growth of online sports betting in Pennsylvania has been nothing but phenomenal, and the state has established itself as one of the top sports betting states in the US.
The state boasts a significant population and a virile sports culture. Since legal online sports betting launched in 2019, the state has grown from strength to strength in the sports betting industry.
Going by figures from the Pennsylvania Gaming Control Board, Sportsbooks handled about $7.25bn, while online casinos raked in $1.36bn in revenue in 2022 alone.
And if all the indicators are anything to go by, the revenue is likely to get even higher with more people signing up for online sports betting particularly because of the impressive array of Pennsylvania Sportsbook Bonuses.
4. Illinois
The rise of Illinois to become one of the top destinations for sports betting in the United States is not surprising.
The combination of sports-loving residents and its strategic location in the Midwest has helped the sports betting industry in the state to grow.
Earlier in the year, the Illinois Gaming Board reported that traditional sports wagering handled around $1.03 bn for December, making it the third consecutive month it exceeded the 1 billion mark.
5. Colorado
The final entry on our top five betting states list is Colorado. While Colorado may not have a long history of gambling, it is now one of the hotbeds of sports betting.
Colorado joined the fray and legalized online sports betting in 2019.
In 2022, the Centennial state recorded the sum of $5.18bn in revenue from sports betting.
Conclusion
As online sports betting continues to catch on across the United States, several states have made some gains in the sports betting industry.
Nevada and New Jersey are leading the way, while other states are not too far off from the leading duo.
The sports betting landscape will continue to move and shift as more states legalize sports betting.
ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
BCLC
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.
The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.
Relax Gaming, the iGaming aggregator and supplier of unique content, has significantly enhanced its presence in the Ontario market through an agreement with leading Canadian operator, PointsBet.
This partnership reinforces Relax Gaming’s aim to become a standout provider across North America, having already gained early success in Ontario. Relax became one of the first suppliers to deliver content to the region’s players in March 2022, debuting with over 120 games across multiple operators.
PointsBet pride themselves as one of Canada’s leading operators offering unmatched speed, ease of use, and a comprehensive array of pre-game and in-play sports betting options. This is complemented by a top-tier online casino which will now be boosted with the integration of Relax’s portfolio of slots and live dealer options.
With its authentic Canadian approach, PointsBet prioritises technology that minimises external dependencies to maintain control over its platform and has a commitment to responsible gambling best practices, ensuring a safe and secure environment for all players.
Martin Stålros, CEO at Relax Gaming, said: “Since we launched in Ontario we have enjoyed tremendous success, with our content hitting the sweet spot for the broad range of players in the Canadian province. This partnership with PointsBet will strengthen our presence in the market as the region’s leading operator integrates our rich content portfolio which will engage its player base.”
Scott Vanderwel, Chief Executive Officer at PointsBet, added: “Relax Gaming has established a strong reputation across North America and in Ontario in particular. The impressive range of content that will be integrated into our platform will increase engagement within our online platform and we are delighted to be able to provide more immersive experiences to our audiences.”
Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 names the 2023 CasinoBeats Game Developer Awards amongst its 6 Slot of the Year titles, while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.
Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.
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