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Casinos, slot machines, and other traditional gambling enterprises made for the lion's share of total turnover - $45 billion, up 6.6 percent from 2019.
The expanding sports betting market, on the other hand, grew at a considerably faster rate, with revenue up 366 percent in 2019 and up 177 percent to $4.3 billion in 2020.
The easing of COVID-19 restrictions was followed not only the booming popularity of sports betting among consumers and an economic recovery, but also by increase in the number of states where gambling is legalized - now 33 states and the District of Columbia - are cited by US experts as reasons for the gambling industry's record growth.
source: cnbc.com
The expanding sports betting market, on the other hand, grew at a considerably faster rate, with revenue up 366 percent in 2019 and up 177 percent to $4.3 billion in 2020.
The easing of COVID-19 restrictions was followed not only the booming popularity of sports betting among consumers and an economic recovery, but also by increase in the number of states where gambling is legalized - now 33 states and the District of Columbia - are cited by US experts as reasons for the gambling industry's record growth.
source: cnbc.com
