News

The American Gaming Association projects that a record-breaking $35 billion will be wagered on the 2024 NFL season through legal sportsbooks. This is a significant increase from the $26.7 billion wagered in 2023, indicating continued growth in sports betting in the U.S. as more states legalize gambling.

In 2023, the global gambling industry reached a total of $536 billion in gross revenue, with online gambling accounting for 24.6% of this amount. This marked a significant growth of 13.1% year-over-year. The report also forecasts that the industry will grow by another 7% in 2024, continuing to expand both online and land-based gambling sectors.

A new initiative called GamProtect was launched to help prevent gambling-related harm by allowing operators to share information on vulnerable players. The scheme is designed to protect individuals struggling with gambling addiction and ensure that their accounts can be flagged and closed across multiple platforms​.

The online gambling industry is being revolutionized by technologies like virtual reality (VR) and blockchain. VR casinos allow players to experience immersive gaming environments from their homes, while blockchain technology is improving security and transparency. Additionally, live dealer games are becoming more popular, combining real-time interaction with the convenience of online play​.