INSIGHT US SPORTS BETTING
form of entertainment, there is still a lingering stigma surrounding online gambling, particularly online casinos. Legislators may be hesitant to support iGaming legalisation due to concerns about public perception and potential backlash from constituents - something we as a company are working to combat.
Sports betting has carried a lower tax rate on average in the US, between 10 to 15 per cent, while taxes on iGaming have been in the 15 to 35 per cent range. Given sports betting's lower margin rate, is this driving operators to push more players into iGaming in states with both sports betting and iGaming? Will this only drive the need for more content as more states legalise iGaming?
As more states legalise iGaming, the demand for content is likely to increase. Operators will need to offer a diverse range of iGaming options to attract and retain players, driving the need for more content providers and partnerships.Tis could include expanding their portfolio of online casino games, developing innovative gaming experiences such as gamification and collaborating with leading software providers to offer high-quality content.
Te differing tax rates between sports betting and iGaming in the US incentives operators to promote iGaming offerings, particularly in states where both are legal. Tis trend is likely to drive the need for more content as the iGaming market continues to expand and evolve across the country.
California represents a massive potential market for sports betting. However
legalisation efforts have faced challenges due to competing interests among tribes, cardrooms, and other stakeholders. Ongoing
negotiations and proposed ballot initiatives suggest
progress could be made in the coming years. New York
already has retail and mobile sports betting and there's growing momentum to expand to online casino gaming as well. Budgetary pressures and competition from neighbouring states could drive lawmakers to
consider iGaming legalisation.
Despite the size of the market, US iGaming is still in its infancy stages for content suppliers, operators, and regulators. Why has the pace of iGaming legalisation been slow out of the gate? What's the reticence for legislators not putting through online casino bills?
Te slow pace of iGaming legalisation in the US can be attributed to a combination of regulatory complexity, stakeholder interests, public perception, technical challenges, revenue considerations, and political dynamics.
However, as more states observe the success of early adopters and face budgetary pressures, there may be increasing momentum towards iGaming legalisation in the future. Te slow pace of iGaming legalisation in the US can be attributed to the complex regulatory landscape with gambling laws varying significantly from state to state, which can be time-consuming and challenging for legislators.
Tere are also various stakeholders with vested interests in the gambling industry including brick-and-mortar casinos, tribal gaming operators, and anti-gambling advocacy groups. Tese stakeholders may lobby against iGaming legalisation for various reasons, such as concerns about competition and social implications.
Despite growing acceptance of gambling as a
What states do you anticipate will legislate sports betting and iGaming respectively in the coming months and years?
Tere are many markets making waves in the industry indicating an exciting time and lots of opportunity for operators like Soft2Bet. Delaware is exploring expansion of mobile sports betting and Florida, with its large population and tourist appeal has strong potential to legalise sports betting considering efforts to negotiate a new gambling compact with the Seminole Tribe.
Additionally, California represents a massive potential market for sports betting. However legalisation efforts have faced challenges due to competing interests among tribes, cardrooms, and other stakeholders. Ongoing negotiations and proposed ballot initiatives suggest progress could be made in the coming years.
New York already has retail and mobile sports betting and there's growing momentum to expand to online casino gaming as well. Budgetary pressures and competition from neighbouring states could drive lawmakers to consider iGaming legalisation.
Massachusetts and Maryland have also expressed interest in legalising online gambling, including iGaming, to capture revenue and address the demand from residents.
WIRE / PULSE / INSIGHT / REPORTS P53
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124
