Top U.S. Online Casinos

iGaming, otherwise known as online gambling, consists primarily of two sectors, sportsbook and online casino. Placing a bet online on the outcome of a sports match, playing online poker with friends, or trying your luck at a virtual craps table would all fall under the category of iGaming, with the first example categorized as “sportsbook” and the last two examples categorized as “online casino”.

Needham sees the U.S. online sports betting https://www.the10casinos.com/ and gambling opportunity between $42 and $58 billion annually longer-term. Grand View Research expects a CAGR of 11.25% for iGaming leading into 2025. Why is the industry experiencing explosive growth?

The rapid expansion of smartphones and tablets have made internet gaming more accessible.
Many states within the U.S. have either legalized online gaming or are on the path towards legalization.
Online gaming brings the excitement of a casino directly to the user’s home. Morgan Stanley expects over 75% of U.S. sports bets to be placed online based (versus land-based) by 2025.

As previously mentioned, iGaming consists of two sectors, sportsbook and online casino. In the second quarter of this year, online casino revenues tripled from the prior year with revenues surpassing $400 million. The growth in online casinos is primarily due to user demand for a digital experience, COVID-19 complications around brick and mortar casinos, and new states legalizing online gambling products.