The U.S. online poker market is set to experience significant growth in the coming years, according to a new report from GlobeNewswire. The report predicts that the market share of online poker in the United States will increase to a staggering 45% by 2026, up from just 15% in 2021.
This forecasted growth is driven by a number of factors, including the increasing popularity of online gambling in general and the relaxation of regulations surrounding online poker in certain states. The report also predicts that the rise of mobile gaming and advancements in technology will play a major role in driving growth in the market.
One of the key drivers of this growth is the recent legalization of online poker in several states, including Michigan, Pennsylvania, and New Jersey. These states have already seen significant increases in revenue from online gambling, and this trend is expected to continue as more states legalize online poker in the coming years.
Additionally, the report predicts that the COVID-19 pandemic will have a lasting impact on the online gambling industry, as people continue to seek out online entertainment options from the comfort of their own homes. This shift towards online gambling is expected to drive further growth in the market as more people become familiar with and comfortable using online gambling platforms.
The report also highlights the increasing importance of responsible gambling practices and regulation in the online gambling industry. With the rise of online gambling, there is a growing concern about the potential for addiction and other issues related to gambling. As a result, regulators are taking steps to ensure that online gambling platforms are providing resources and support for those who may be at risk.
Overall, the forecasted growth of the U.S. online poker market is a promising sign for the industry as a whole. With more states legalizing online poker and advancements in technology making it easier than ever for people to play, the market is poised for significant expansion in the coming years.
