Among US customers, the most popular gambling products were services offered by traditional casinos, with lotteries coming in second, followed by non-casino gaming machines then online gaming, according to the report.
The information provided by H2G demonstrates the enormity of untapped potential there exists in the gambling market in the states. According to an estimate by the American Gaming Association (AGA), Americans bet US$ 4.7 billion on Super Bowl, US$ 4.5 billion of which, was wagered illegally. And in 2016 alone, an estimated US$ 154 billion was wagered by Americans on all sports, the majority of it via bookies and offshore, illegal web sites, according to the AGA.
While the potential for growth is immense, gambling is legally restricted in the US. The Professional and Amateur Sports Protection Act (PASPA) dictates that Nevada is the only state allowed to offer traditional sports betting.
In 2016, US$ 385 billion in profit was generated by the global gaming
industry, according to data provided by H2G. Furthermore, the fastest growing
sector was online gambling with proceeds accounting for 11 % of the profit. And
while the antiquated Unlawful Internet Gambling Enforcement Act of 2006 (UIEGA)
does not prohibit online gambling specifically, it does outlaw financial
transactions involving online gambling service providers. So while online
gambling accounts for a third of what is spent in some countries, so far only
three states in the US allow Internet gambling; New Jersey, Nevada, and Delaware.
Source: GMB / Worldcasinodirectory.com
