Online gambling in the United States could generate billion in revenue by 2020, according to a report by research group Technavio.
That would include all online betting, including online casinos and the Internet lotteries.
Several states are considering launching online lottery sales and New York, Pennsylvania, Michigan and California could all join Nevada, New Jersey and Delaware in allowing online casino gambling and online poker.
The report noted that New Jersey’s online market generates about $150 million in revenue and currently controls about 90 percent of the country’s online casino market.
The global online gambling market is currently estimated at around $37 billion a year. According to Technavio, the US was mostly recently ranked eighth in the global online gambling market, trailing China, the UK, Australia, France, Italy, Germany and Spain.
“In the US, the average age of an individual visiting a casino is 45 years, whereas the average age of an online gambler is 34 years,” Ujjwal Doshi, a lead analyst at Technavio, said. “The increasing presence of younger population on the online gambling platforms will be one of the significant factors driving the growth of the market during the forecast period.”
