Gaming in the US is flourishing more than ever, due to widespread legalization and a boom in online gambling
The US gambling market has seen substantial rises in revenue, exceeding pre-pandemic levels mostly due to new states legalizing the practice.
Twenty-one states plus Washington DC now fully legalize sports gambling, boosting the US sports gambling market handle to twice its prior size, according to a report by Canaccord Genuity.
However, it was not only the increased access of citizens to legal sports gambling that lifted the gaming market to pre-pandemic levels and beyond, but increasing interest overall, most notably in online gaming. Even though only 11% of the country’s populace have access to legal iGaming, the five states that allow it has seen several billion Dollar revenues, with Michigan scoring $309 million in March alone.
The brands to have the fastest growth in the upcoming future are DraftKings, FanDuel and BetMGM, which have made considerable progress during the lockdowns. Especially DraftKings might have the chance to make serious cash due to their cross-border operations and effective sports gambling marketing prior to the start of the Super Bowl.
About Malta Week:
For the first time ever SiGMA Group is bringing its 4 leading shows together for the mother of all conferences. From the 16th to 18th November, SiGMA, alongside AGS and AIBC will bring the best in the business to a first-class meeting point at the Malta Fairs and Convention Centre (MFCC).
The week will also play host to the second edition of Med-Tech World, a digital health conference which will be held at the Hilton, Malta.
Malta Week is a chance for investors to leverage the significant crossover potential for multi-faceted business deals and to double down on opportunities to connect with some of the leading affiliates, policy makers, thought leaders, suppliers, and operators in the industry.