AGA Reports 14th Consecutive Quarter of Growth in US OSB and iGaming – EGR Global
The American Gaming Association (AGA) has announced that the US online sports betting (OSB) and iGaming sectors have experienced their 14th consecutive quarter of growth. This news comes as a welcome relief for the industry, which has seen significant challenges in recent years due to the COVID-19 pandemic.
According to the latest report from the AGA, revenue from online sports betting in the US reached $1.57 billion in the third quarter of 2021, an increase of 26% compared to the same period last year. This growth was driven by a strong performance in key markets such as New Jersey, Pennsylvania, and Michigan, which continue to lead the way in the US OSB sector.
In addition to online sports betting, the iGaming sector in the US also experienced significant growth in the third quarter of 2021. Revenue from iGaming reached $1.06 billion, an increase of 42% compared to the same period last year. This growth was fueled by strong performance in states such as Pennsylvania, New Jersey, and Michigan, which have seen a surge in online casino activity in recent months.
“We are thrilled to see the continued growth of the online sports betting and iGaming sectors in the US,” said Bill Miller, President and CEO of the AGA. “This is a clear sign that consumers are embracing these new forms of entertainment, and we expect this trend to continue as more states legalize and regulate online gambling.”
Despite the challenges posed by the COVID-19 pandemic, the US online sports betting and iGaming sectors have shown remarkable resilience and adaptability. This growth is a testament to the strength and potential of the US gambling market, which continues to attract investment and interest from both domestic and international operators.
Looking ahead, industry experts expect the US online sports betting and iGaming sectors to continue their growth trajectory in the coming years. With more states considering the legalization and regulation of online gambling, the future looks bright for the industry, and we can expect to see even more exciting developments in the months and years to come.
Overall, the latest report from the AGA paints a positive picture of the US online sports betting and iGaming sectors, with both industries on track for continued growth and success. As more states embrace online gambling, we can expect to see even greater opportunities and benefits for consumers, operators, and the industry as a whole.