The online casino industry is currently very much on an upward trajectory, with states across America breaking monthly revenues time and time again. 2021 has been yet another successful year, and even from this early stage, 2022 looks like it is going to be yet another successful year. With 2021 almost behind us, it’s time to start looking ahead to 2022. For the following article, we dug a little deeper to discover realistic projections for the year ahead.
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The online casino industry will go into 2022 in a stronger position than ever before. Of the 6 states where the online casino industry is legal, most of them are well established and continue to grow in popularity, and there are a couple of states where the industry is still young. Each of the states has had a remarkable year for revenue, surpassing even industry experts’ expectations. The six states combined to set a new record of $901 million in revenue for the second quarter of 2021, and some gambling-related stocks turned out to be some of the best stocks in 2021 to invest.
This figure represents a growth of 15% on the first quarter. Online casino revenue in the US brought in a humongous $1.66 billion in revenue for the first half of the year, which was more than the $1.55 billion for the entire year of 2020. It is pretty clear that the momentum is very much with the online casino industry entering into 2022.
More States Join the Party
2021 has been a stellar year for the online casino market in America, with even more states joining the market. Michigan built the foundations for online casinos, sports betting, and poker back in December 2019, but had to hold on until January 2021 to launch because of regulatory hurdles and delays due to the COVID pandemic. Michigan is already familiar with casino gaming with several brick-and-mortar casinos operating successfully.
Connecticut went live with online casino gaming in October 2021, but with only two operators in the state. FanDuel Casino and DraftKings Casino are industry giants and are the two lucky operators to be part of Connecticut’s journey.
With more and more states legalising online casinos, it will of course mean that more revenue should be generated, and with the possibility of further states allowing online casino, it can only continue to grow.
The online casino industry is improving rapidly, and certain technological advancements are one of the key driving forces behind this. The latest devices that improve the gaming experience, help to deliver better entertainment to the player. Being more entertaining will of course make online casinos more attractive to players and therefore bring more custom and increase revenues.
In addition, game developers are using the latest technologies to create fresh titles that are revolutionising the entire industry. Traditional games such as black, and classic slots will forever be a staple part of any casino, but newer games with never seen before mechanics are attracting new audiences. Having a good selection of games is one of the known tips to take a business to the next level.
A Realistic Expectation
So the online gaming industry in America is currently at the strongest it has ever been – and it looks like it is just getting started. Finishing off 2021 in epic fashion can only breed confidence going into the new year. The technological advancements will drive revenues further as software and devices improve – which is a good reason to know how to boost your gaming performance on Windows. More states are legalising online casino activity, which will bring more opportunities to generate revenue.
Furthermore, the rapid rise of the industry has created plenty of interest from operators who are always looking to capitalise on growing markets. Having more operators will create fiercer competition and the players will benefit from better offerings as operators attempt to lure more custom. America’s online casino industry is going into 2022 with solid foundations and with huge growth potential. It is hard to look past another record-breaking year.