The US online casino has been in a state of flux since the start of the COVID-19 pandemic, but the dust appears to be settling, with trends and a clear pecking order emerging.
Following a bit of a June swoon, US online casino revenue bounced back in July, with the five legal online casino states tallying just over $305 million collectively, up from around $290 million in June.
There’s a lot of talk about the revenue potential of legal sports betting, but in terms of the overall gambling industry, sports betting is one piece of a much larger puzzle. That said, sports betting’s contributions are difficult to measure, particularly in the retail setting.
High tax rates and licensing fees were supposed to stymy the Pennsylvania sports betting and online gambling industries. Revenue numbers, particularly the tax revenue the state is collecting, suggest otherwise.