According to the latest analysis by the GamblingCompliance.com, the leading provider of independent business intelligence to the global gambling industry, the United States could generate up to $5.8 billion in Gross Gaming Revenue.
The report talks about how the U.S. sports betting market goes into projected numbers of the potential revenue of the U.S. sports betting market as well as how laws and regulations will affect its development.
The report, “U.S. Sports Betting: A Market on the Cusp of Major Change”, comes at the time when the U.S. Supreme Court is about to review the federal ban on expanded sports betting where the main issue is whether a federal ban on sports betting compels a state to act or prevents a state from acting. The report can be downloaded here.
GamblingCompliance expect this report to be a major topic of conversation at Clarion Gaming’s Sports Betting USA 2017 event in New York, NY. Anyone wishing to attend the conference which will talk about the obstacles in legalizing sports betting in the United States and how regulating sports betting will protect the integrity of sports and consumers can register at http://www.sportsbettingusaconference.com/
According to the report, the possible GGR is based on sports betting being legal in 21-37 states within 5-7 years states and that the potential GGR(Gross Gaming Revenue) would be between $2 billion to $5.8 billion with online sports betting being the leading source of revenue.
This amount is by no mean a large percentage of the U.S. gambling industry and tribal casino GGR which was $70 billion in 2016 but it would be a definite increase in revenue for any state that could choose to legalize sports betting. In addition, it would make the U.S. one of the largest sports betting market in the world well.
On an interesting note, five states would be the largest source of revenue in the sports betting market. These States are: Illinois, Massachusetts, New Jersey, Nevada and Pennsylvania. Unfortunately, the report does not say why they believe these five States would generate the most revenue.
The legalization of sports betting could greatly increase the sportsbook pay per head service industry since it would allow sports betting companies in the United States to offer cost efficient sports betting platforms that would increase their ROI making it sportsbook pay per head one of the logical sports betting software option.