In a recent report released by US Bets, it has been revealed that the online casino industry in the United States has experienced significant growth in 2024. With the legalization of online gambling in many states and the continued popularity of online casino games, the industry has seen a surge in handle, revenue, and tax totals.
According to the report, the total handle for online casinos in the US reached an impressive $50 billion in 2024. This represents a 30% increase from the previous year, demonstrating the growing demand for online gambling in the country. The rise in handle can be attributed to the increasing number of states legalizing online gambling, as well as the availability of a wide variety of games and betting options for players.
In terms of revenue, online casinos in the US generated a total of $7 billion in 2024. This marked a 25% increase from the previous year, highlighting the profitability of the industry. The revenue generated by online casinos is crucial for states that have legalized online gambling, as it provides a significant source of tax revenue for government programs and infrastructure projects.
Speaking of taxes, online casinos in the US paid a total of $1 billion in taxes in 2024. This represents a 20% increase from the previous year, showcasing the positive impact that the industry has on local and state economies. The taxes collected from online casinos go towards funding important initiatives such as education, healthcare, and public safety.
Overall, the report from US Bets paints a positive picture of the online casino industry in the United States. With a growing handle, revenue, and tax totals, it is clear that online gambling is here to stay and will continue to play an important role in the country’s economy. As more states legalize online gambling and players continue to flock to online casinos, the industry is expected to see even further growth in the coming years.
