US gambling is still setting records and raking in billions of dollars a month. Land based casinos, online gambling, and sports betting collectively brought in almost $5 billion in April, which trailed only March of this year for the highest revenue of all time! Additionally, sports betting continues its march across the country, and could get a big boost soon with a looming vote in California!
The US gambling industry has been rockin’ and rollin’ for a while now, as the country recovers from the pandemic. Now, with darker economic clouds in our future, the ride may be close to coming to an end.
The April revenue numbers are in for US gambling, with almost $5 billion in gaming revenue on the books. The continued growth of sports betting helped, of course. But it was land based casino gaming that actually generated the most revenue.
Casinos accounted for 80% of Aprils revenue, or about $4 billion of the $5 billion total. Online gambling generated over $400 million. And sports betting was no slouch, bringing in a cool half a billion dollars.
Sports betting could get even better next year. DraftKings believes that California will most likely regulate betting on sports before the kickoff of the 2023 NFL season. California would easily become the biggest sports betting market in America, if and when that happens.
Additionally, Massachusetts regulators are still trying to get a last minute deal done to bring sports betting to that state. Things don’t look too promising, though. But hey, there’s always next year, right?
