The exploded adoption of online gambling can be well understood from the fact that the market was worth USD 57.54 billion in 2021, and is projected to grow at a CAGR of 11.7% between 2022 and 2030. The growth of the global online gambling market is being driven by the increasing popularity of online games in public places and at home, thanks to smartphones and fast mobile internet. The market is also being boosted by cultural and legal approvals, easy access to online gambling, celebrity endorsements, and corporate sponsorships. Due to the availability worldwide of affordable mobile apps, the market will continue to grow.
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So how do Americans feel about the fact that sports betting is now legal in much of the U.S.? Regardless of how much they have heard or read about it, a majority of adults (57%) say it is neither a good nor bad thing for society, while about a third (34%) say it is a bad thing. Only 8% say it is a good thing for society.
We¡¯ll end on a positive note: BetMGM sometimes provides free bets to use however you wish. The Virginia Lottery charted promotion money handed out by each operator from January to May, and BetMGM was the most generous.
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Brandt has had conversations with casino operators who made it clear they¡¯re trying to attract younger audiences. ¡°The best way to do that is sports gambling,¡± he says.
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