Casino headlines this week are talking about the record breaking $52 million revenue from gambling in America! A number which shattered the previous record from 2019! Generated by the rapid expansion of online gambling and sports betting across the country!
With the surge of Super Bowl betting, there were record revenues reported for gambling in America in states like Tennessee, New Jersey, Michigan, Pennsylvania, and Nevada! Plus, who can forget about the huge volume of betting from New York? Players there made bets of almost half a billion dollars in the days leading up to the Super Bowl!
While gambling in America this year is off to a fast start, 2021 gambling revenue numbers have been calculated as well!Last year was a record-breaker, with over $53 billion in revenue all across the country. That destroyed the former 2019 record of $44 billion!And with March Madness closing in and the cash flowing fast and furious, many new and familiar faces are looking to cash in!
PayPal has not handles transactions for gambling in America in years. But now, with the growing popularity of online gambling and sports bets across this country, the company may be set for an about-face. Players in the UK can freely use their PayPal accounts to transfer cash to web based casinos and bingo sites. Some believe this is a precursor to allowing Americans to do the same.
