VSO Exclusive – Betting Big in America: Nevadans Wager Four Times the Tennessean Average

Legal Sports Betting covers the United States, so Vegasslotsonline News has investigated the market in detail and has decided to live at the highest rate. [Image: Shutterstock.]

Betting fever grips the US

It is no exaggeration to say that the Sports Betting rate is set by the United States. Following the cancellation of the Professional Amateur Sports Protection Law (PASPA) in May 2018, the sport rate has been introduced in the 21st state, and the number has steadily increased. At the time of the writing, six more states have proposed a market to launch, and 14 states are currently considering active bills.

Looking at the total amount of sports betting in the United States, the impact of such an expansion is clear. Last year it exceeded $ 21 billion, and it is expected to increase significantly in 2021. According to the American Gambling Association (AGA), in January this year, Gamblers of the country delivered more than $ 4 billion to the end.

In January, the national gambler provided more than $ 4 billion for the first time.

Sportsbetting is indispensable to the II Grarian industry, as AGA's Bill Miller chairman and CEO (CEO) call it the "necessary" field for reconstruction after pandemic. The role is already clear. Gambling in the first quarter of this year exceeded $ 11 billion and became the best indicators ever. Sports raised $ 961 million, an increase of 451 % in 2019.

In 2018, Ibis World predicted that US sports fees would eventually create $ 55 billion annually. The market has not yet reached such maturity, but some states have already played an important role in this future.

So Vegasslotsonline News analyzed which states the largest gambler currently live.

The research methodology

To evaluate the average monthly cost of gamblers in each state, Vegasslotsonline-News used data on the total number of activities in each jurisdiction area from the time Paspa was canceled. The indicators were divided by the monthly sports betting activity month, without taking into account the pandemic pause period and the final report of March. < SPAN> Legal sports betting cover the United States, so Vegasslotsonline News has investigated the market in detail and has decided to live at the highest rate. [Image: Shutterstock.]

It is no exaggeration to say that the Sports Betting rate is set by the United States. Following the cancellation of the Professional Amateur Sports Protection Law (PASPA) in May 2018, the sport rate has been introduced in the 21st state, and the number has steadily increased. At the time of the writing, six more states have proposed a market to launch, and 14 states are currently considering active bills.

So, who takes the top spot?

Looking at the total amount of sports betting in the United States, the impact of such an expansion is clear. Last year it exceeded $ 21 billion, and it is expected to increase significantly in 2021. According to the American Gambling Association (AGA), in January this year, Gamblers of the country delivered more than $ 4 billion to the end.

In January, the national gambler provided more than $ 4 billion for the first time.

Sportsbetting is indispensable to the II Grarian industry, as AGA's Bill Miller chairman and CEO (CEO) call it the "necessary" field for reconstruction after pandemic. The role is already clear. Gambling in the first quarter of this year exceeded $ 11 billion and became the best indicators ever. Sports raised $ 961 million, an increase of 451 % in 2019.

In 2018, Ibis World predicted that US sports fees would eventually create $ 55 billion annually. The market has not yet reached such maturity, but some states have already played an important role in this future.

So Vegasslotsonline News analyzed which states the largest gambler currently live.

1. Nevada

To evaluate the average monthly cost of gamblers in each state, Vegasslotsonline-News used data on the total number of activities in each jurisdiction area from the time Paspa was canceled. The indicators were divided by the monthly sports betting activity month, without taking into account the pandemic pause period and the final report of March. Legal Sports Betting covers the United States, so Vegasslotsonline News has investigated the market in detail and has decided to live at the highest rate. [Image: Shutterstock.]

It is no exaggeration to say that the Sports Betting rate is set by the United States. Following the cancellation of the Professional Amateur Sports Protection Law (PASPA) in May 2018, the sport rate has been introduced in the 21st state, and the number has steadily increased. At the time of the writing, six more states have proposed a market to launch, and 14 states are currently considering active bills.

Looking at the total amount of sports betting in the United States, the impact of such an expansion is clear. Last year it exceeded $ 21 billion, and it is expected to increase significantly in 2021. According to the American Gambling Association (AGA), in January this year, Gamblers of the country delivered more than $ 4 billion to the end.

In January, the national gambler provided more than $ 4 billion for the first time.

Sportsbetting is indispensable to the II Grarian industry, as AGA's Bill Miller chairman and CEO (CEO) call it the "necessary" field for reconstruction after pandemic. The role is already clear. Gambling in the first quarter of this year exceeded $ 11 billion and became the best indicators ever. Sports raised $ 961 million, an increase of 451 % in 2019.

In 2018, Ibis World predicted that US sports fees would eventually create $ 55 billion annually. The market has not yet reached such maturity, but some states have already played an important role in this future.

So Vegasslotsonline News analyzed which states the largest gambler currently live.

To evaluate the average monthly cost of gamblers in each state, Vegasslotsonline-News used data on the total number of activities in each jurisdiction area from the time Paspa was canceled. The indicators were divided by the monthly sports betting activity month, without taking into account the pandemic pause period and the final report of March.

To qualify the total number of gamblers, VegasSlotsOnline News took the number of "primary" and "casual" gamblers required in the United States among the adult population of each state, based on AGA research findings and 2019 census data. This amount was adjusted according to the relative popularity of sports betting in each state, according to Google Trends. The average monthly amount was divided by the estimated number of sports bettors to determine the average monthly expenses of bettors in each state.

2. New Jersey

In fact, it is not surprising that Moscow, Nevada, the gambling city of the United States, has been a leader in sports betting since the passage of the PASPA law. After all, the state has a 70-year lead in building a customer base since legalizing this job in 1949. According to a survey by VegasSlotsOnline News, the average monthly real-time cost for gamblers in Nevada is $434. 40, more than double that of its nearest rival, New Jersey, at $216. 18.

But the battle between Nevada and New Jersey gamblers must also take tourists into account. Undoubtedly, Nevada's current dominance in sports betting is partly due to its international popularity as a gambling destination. For example, in 2020, 19 million people visited Las Vegas during the COVID-19 pandemic. This figure is down from a daunting 42 million in 2019.

Colorado residents spend an average of $159. 71 per month, only 35% less than the more mature New Jersey market.

In January, the national gambler provided more than $ 4 billion for the first time.

Virginia and Tennessee are the last two states in the top five, according to VegasSlotsOnline News, according to which sports betting has been operating for three and five months. Thanks to the launch of the function in January of this year, gamblers in Virginia earn an average of $129. 63 per month, 14% higher than in Tennessee ($113. 31). Despite the fact that this figure is five times lower in Tennessee than in Nevada, both of the latter markets are still in the development stage and the future looks absolutely attractive.

Average monthly spend for first-time gamblers: $434. 30

Total revenue: $140, 520 billion

Estimated number of bettors: 1 million

Number of months of intense sports betting through March 2021: 33

3. Colorado

Nevada's Sports Betting is considered to be a vertical turbulence case after the abolition of the PASPA Law thanks to its lon g-term situation: Sports bookmakers have updated many records in the state after the abolition of the law. 。 In October last year, sales reached $ 6599 million, the highest monthly. This year, the sales of Nevada's sports bookmaker companies exceeded $ 640 million in two months out of three months. In March alone, betting on basketball was born of $ 510 million.

Las Vegas and Nevada as a whole will continue to be the home of the American gambling industry. "

Stephen A. Crystal, director of Betfred Sports USA and Canada, told his team's insight this week to Vegasslotsonline News. He was not surprised that Nevada's Gambler actually paid more than anyone else. "Nevada's gambling culture played an important role in the game for decades, and made this country a leader in gambling and games in general." Las Vegas and Nevada are always in the American gaming industry. be.

For Casino operators in Nevada, the turmoil of sports betting can definitely be overlooked. In the past two years, Las Vegas gambling has significantly increased investment in the market. In particular, Caesters Entertainment completed a position to acquire sportsbook operating companies William Hill for about $ 4 billion.

Whether Nevada can maintain the first place at the average cost, the new sports betting market in the United States is growing very rapidly every month. Betting in Virginia, for example, has a surprising amount of $ 34 billion in the third month of the start. However, Crystal says that the bright light of Las Vegas will provide a unique entertainment experience every time.

Monthly average cost for those who gamble for the first time: $ 216, 18

Total income: $ 14 billion

Estimated gambler: 2 million

Intensive sports betting per month until March 2021 33

4. Virginia

Since the start of June 2018, Sportsbetting in New Jersey has been challenging Nevada's title with the total transaction. The total monthly amount surpassed Nevada for the first time in February 2019, and surpassed Nevada every month in 2020. As a result, New Jersey's Sportsbetting reached $ 6 billion last year, exceeding $ 4. 3 billion in Nevada.

The highest monthly job in New Jersey was seen in December 2020, reaching $ 996 million. Experts predicted in March 2021 that the state could be more than $ 1 billion in the United States for the first time in the United States, but the actual number in the United States did not reach this monitoring and 85960. It has reached $ 10, 000.

To some extent, such a sudden rise can be due to the results of the work of online segments in New Jersey. In March of this year, 60 % of Nevada's total charge reached $ 385 million. This is, of course, more than 333 % than last year, but all, unlike New Jersey, is not remote -$ 780, $ 1 million, more than 90 % of all bets.

In March 2021, New Jersey's Internet gambling was $ 780 million, actually more than 90 % of all rates in the state.

Thanks to the unchanging betting luck, New Jersey has become a base for many operators trying to dominate US bazaars. For example, in 2019, the British operator BET365 selected the state as the first destination for North America Bazar, followed by a giant German bookmaker Tipico this year. Other legal businesses include star performers in this industry, such as Draftkings, Fanduel, and BetMGM.

Monthly average cost of the first better: $ 159 71 cents

Total round: $ 280 million

Estimated Better: 1. 2 million

5. Tennessee

Centralized sporting charges until March 2021: 11

Coloradus residents have been able to use sports rates since May 2020. By the end of the first year, the round reached about $ 1. 2 billion. In February 2021, the bazaar stopped in January, but quickly recovered, reaching the highest month, thanks to the March Madness, and exceeded $ 300 million for the first time.

To some extent, such a sudden rise can be due to the results of the work of online segments in New Jersey. In March of this year, 60 % of Nevada's total charge reached $ 385 million. This is, of course, more than 333 % than last year, but all, unlike New Jersey, is not remote -$ 780, $ 1 million, more than 90 % of all bets.

97 % of Colorado's betting is on the Internet.

Like New Jersey, most of the bets here are supported by mobile devices, as the shop rate can only be used in three cities in the Rocky Mountains. As a result, more than 97%of all bets are on the Internet in Colorado, and Tipico, Betfred, and 888 are actively investing in the bazaar.

Colorado is likely to break through 2020 personal indicators this year. In the first three months of 2021, the Sports Book has already won $ 894 million.

The average monthly fee for the first better: $ 129, 63

Total fees: 628, $ 7 million

Estimated Better: 1. 6 million

Other states to watch

Month of intensive sports charges up to March 2021: 3

According to Vegasslotsonline News, Virginia is a bazaar that opened so far in the top five states. However, it is not easy to trust that the sportsbook has just issued a green light in January, given the turnover of sports betting in the state. On average, Virginia operators looked at the required rates of $ 6 million or more per month. At the same time, Colorado, including New Jersey, was accepted only $ 41 million, including more than $ 50 million for the first three months.

Thus, the young Betting bazaar in Virginia can start with some confidence, and in fact, it is possible to fully describe the second in the job that the Super Cup was executed. According to AGA, the Yankees created the NFL league within 23, 2 million dollars in February, and set $ 4, 3 billion in combined difficulties. For a sports book company in Virginia, this is definitely an ARTEL index that matches the adult game market rather than two months to get $ 265 million and $ 8 million for the moon.

Given that the monthly average monthly cost of Better in just three months has settled to $ 129 and 63 cents, it seems to be encouraging for Virginia operators, especially concept kings. According to Virginia Rotary, a Gambling regulatory organization in Virginia, the market share was 24 % from January to March this year. The second place is 14 % for BETMGM, and the third place is 8 % for William Hill.

What does the future hold?

The number of Virginia's Governor Ralph Nortem signed two new bills in March for subsequent market expansion, and these numbers could change rapidly later. The bill has made it possible to launch another 12 businesses that are not related to gambling in the state.

The average monthly cost of the first better: $ 113, 31

Round total: $ 950 million, $ 8 million

Estimated Better: 1, 6 million.

Month of intensive sports charges until March 2021: 5