The iGaming industry has taken the world by storm. Ever since online casinos became popular in 2015, they have been on a quest to take over the world. In 2019 and 2020, their total revenue was over $60 billion, which equals a fifth of the total revenue made by the gambling industry globally.
North America is one of the most sought out markets for this industry, which is why we wanted to provide you with an overview of the markets in this continent for 2021. We’ll be taking a look at Canada and the USA, the online casino popularity in these countries. Let’s dive into the details.
Online casinos, especially online slots Canada real money websites, are also registering an increase in revenue. The reason for that is because these sites provide Canadian players with a professional level of entertainment.
It is worth noting that while the iGaming sector has been on the rise in the recent period in Canada, the market size of the gambling sector in this country has actually been in a small decline. But, that does not present a problem for online casinos as each day, thousands of new players register at these sites, which proves how valuable Canadian market is becoming for operators.
The United States of America has always had a very complicated relationship with the iGaming industry. The reason for that is because USA is not one state, but rather 50 states, which people from foreign countries often forget. So each state has their own set of laws and rules not just for gaming industry.
But, the good news is that more states are becoming lenient towards the iGaming sector and many of them have been drawing plans for gaming market. Currently, the states that have legalized online gambling are New Jersey, Pennsylvania, Michigan, West Virginia, and Delaware. It may sound weird, but the home of gambling – Nevada, actually hasn’t legalized online casinos entirely even though the state has a long history with the gambling industry. The good thing is that online poker is allowed here.
Even though the iGaming sector has always been challenged, it has been on the rise in this country as many foreign operators as well as domestic sites that are licensed (online bookmakers) can offer their services to the players. Pennsylvania is actually the fastest growing market in this nation.
Even though the iGaming industry has a complicated relation with Canada and the USA, the fact of the matter is that it still manages to penetrate the market and it is becoming wildly popular in 2021. Many players find ways to register and play at these sites without any problems. Global iGaming market has been in constant growth, which will surely transfer to the North American market as well, especially after governments recognize the potential and different possibilities that surround this industry. Many countries around the world have already recognized it, now it’s time for North America.