The American gaming sector shattered its own earnings records for the second consecutive quarter. Fresh figures reveal that US residents shelled out an astounding $15.17 billion on wagering activities during the third quarter of this year. This represents a 2% climb compared to the corresponding period last year and even surpasses the $14.81 billion expended in the preceding quarter.
Analysts forecast that 2022 will be etched as the most profitable year in the annals of US gaming. The initial nine months of the year have already witnessed a 14.7% surge in earnings compared to the identical timeframe last year.
The American Gaming Association (AGA) president, Bill Miller, highlighted the industry’s tenacity amidst economic instability. He stated that the unprecedented expansion is a testament to the robust consumer demand and that the sector is well-positioned for the times ahead.
Wagering on sporting events played a significant role in this triumph. The AGA indicated that sports betting revenue reached a new quarterly peak of $1.68 billion, a staggering 80% leap from the previous year. This surge in favor is driven by a growing number of states authorizing sports betting. In the past nine months alone, Kansas joined the roster of states with legalized sports betting, while Ohio and Maryland are poised to introduce their own initiatives shortly. Even Massachusetts is entering the fray, with intentions to implement legal sports betting sometime in 2023.
The realm of wagering on athletics is a whirlwind currently! As an increasing number of states legalize it, businesses are going above and beyond to entice your participation. Consider DraftKings, as an illustration. Enroll with them, and presto – you receive a generous $200 in complimentary wagers simply for joining. And brace yourself, because they’re also presenting new patrons with an opportunity to seize a colossal $100,000 reward! That’s certainly a remarkable entrance.
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