Dreamstime/Wing Travelling Online casino gross gaming revenue (GGR) won’t even double during the next five years, while retail and online sports betting GGR will more than triple, predicts research firm Eilers & Krejcik Gaming (EKG) .
This is EKG’s finding even as Connecticut’s soft launch this week makes it five states with full private sector iGaming. The limited markets of Nevada and Delaware add up to seven . Even so, EKG only foresees a total of 14 states offering online casino or poker by 2026.
Conversely, the Irvine, Calif. -based firm estimates that by then, 44 states will have legalized sports betting in some form, with 34 of those having an online option. Currently, 21 states plus the District of Columbia have legal US online sportsbooks .
Meanwhile, although sports betting is expanding faster than US online casinos , the latter are individually more profitable . EKG expects there to be more than three times as many retail and online sports betting states as iGaming states. Even so, it predicts they will only yield $16.7 billion in GGR. For the estimated 14 states with some form of iGaming, EKG projects a combined $6.1 billion GGR.
EKG presented these findings during the first day of the American Gaming Association’s (AGA) Global Gaming Expo (G2E) in Las Vegas . On Oct. 4, the firm outlined online casino’s future as part of its EKG Market Update & Outlook .
The outlook concludes with this statement: “In 2026, we project that sports betting (retail + online) and online casino and poker will generate combined GGR of $22.8 [billion].” Why online casino is a laggard in legalization
Online casino legalization is slower in general because states are more leery of allowing what EKG partner Chris Grove calls “gambling with an uppercase G.”
Whether it’s rational or not, lawmakers view sports betting as less scary, says Grove, who oversees the firm’s sports betting practice. (Grove is also the original founder of both this site and Legal Sports Report, prior to their addition to the Catena Media network.)
That observation, made in March, continues to be true as Illinois has become the latest […]
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