We must go back to 2018 and the US Supreme Court ruling to allow states to regulate their own online sports betting. New Jersey was quick to legalize online sports betting because of the change and we have seen several states follow in their footsteps. Continue below as we assess the continued development of America’s iGaming industry and how it has blossomed since 2018.
Online Sports Betting
As of April 2025, over 30 states have legalized online sports betting, which is significant when you consider the law change took place in 2018. However, it makes sense purely from a regulatory and financial perspective. If people were choosing to use offshore online sportsbooks to place bets, they were sending money out of the United States and they had no legislation to fall back on should something go wrong. With legalized and regulated online sports betting, gamblers feel more comfortable betting online and some of the money is paid in taxes to the state.
The states in which online sports betting is legal had a handle of close to $150 billion in 2024. There were record revenue figures across the board and that is only going to rise as more states legalize online sports betting. If we take New York as an example, the state legalized online sports betting in 2022 but saw $22.5 billion wagered in 2024. So, it does not take long for a state to being making big revenue from online sportsbooks when they are officially regulated.
Online Casinos
Another major aspect of iGaming in the United States is online casinos. However, online casinos have not enjoyed the same widespread adoption as online sportsbooks. The current legal states for online casinos are Connecticut, Delaware, Michigan, Nevada, New Jersey, Pennsylvania, Rhode Island, and West Virginia. If you live in any of these states you can take advantage of expert tips on best online casinos USA at Resource America and enjoy many of the bonuses.
In 2024, regulated online casinos in the United States generated $8.4 billion in revenue. This is clearly much lower than the revenue from online sports betting but with fewer states regulating online casinos, that was to be expected. However, the $8.4 billion is up by 29% from 2023 and that highlights how America’s iGaming industry is blossoming. Come the end of 2025, we expect the revenue to have increased further as the industry continues to grow at pace in the US.
The Future of iGaming in America
There is no doubt iGaming is going to continue to prosper in the United States over the coming years. Regulated online sports betting is expanding at pace and will continue to do so, with more states due to legalize sportsbook in 2025. The big question mark remains around online casinos. Interestingly, at the time of writing, there are currently five states that have an active proposal for online casinos and they are Illinois, Maine, Massachusetts, New Hampshire, and New York. It is usually a slow process and work is taking place behind the scenes to offer regulated online casino gambling.
There are many states that are close to legislation for online casinos and they include Arkansas, Florida, Hawaii, Indiana, Iowa, Louisiana, Maryland, North Carolina, Ohio, Virginia, and Wyoming. There is resistance in some states as businesses feel they will lose revenue if online casino gambling becomes legal, with video gaming terminals being a good example. Tax structure is another issue that causes plenty of debate and it will be interesting to follow the progress of the states close to legislation and how the American iGaming industry continues to blossom in 2025 and beyond.
IMAGE CREDIT: AI generated – Microsoft Copilot
- SCCG Management. The Gambling Industry’s Global Connector. Access Here.
- Source: https://www.blackjackreview.com/wp/2025/04/16/how-americas-colossal-igaming-industry-is-blossoming/
