Gamblers in the United States dropped approximately $116.9 billion in 2016 and this amount is reportedly expected to continue growing as adults enjoy an ever-expanding market alongside higher wages engendered with an increasingly robust economy.
Nation ranks fifth per capita:
According to a Friday report in The Wizard of Odds gambling and online casino news site, adults in the United States dropped an average of $400 on gambling two years back with the nation of Nevada serving as their major destination after it gathered approximately $11.1 billion in both domestic and foreign punters.
Rising wages and employment:
The Wizard of Odds reported this figure was partly down to an improvement in the global economy since the Great Recession of 2007 that subsequently gave people a increasing amount of disposable income to spend on gambling. In the United States, the average hourly wage currently stands at $22.89 22.89, which represents an over 3% growth year-on-year and some 27 percent higher than where it had been a decade ago.
The site said that this swell in pay was mirrored by a rise in the amount of those in work with the percentage for the United States currently standing at around 60.6 percent, which represents a month-on-month boost of approximately 0.2%.
The Wizard of Odds noted that these factors have combined to make people with ‘more disposable gambling income’ also will consequently result in some continuing uptick in gambling revenues across the United States.
Increased gambling option:
To cooperate with this cash, the domain noted that people in the United States are presently being subjected to an ever-increasing plethora of gambling options. At one time, punters were needed to travel to Nevada or, after, Atlantic City in order to have a flutter but they can now see commercial and tribal casinos in every state except Tennessee, Utah, Kentucky, Hawaii, South Carolina, Virginia and New Hampshire.
To cooperate with this, The Wizard of Odds noted that American punters are being introduced to a larger assortment of gambling options such as ‘flashy’ slots themed on favorite films and tv programs alongside skill-based titles such as the head-to-head Gamblit Poker innovation. Contrary to the recent past, this option now supposedly similarly conducts to online gambling while May’s choice by the United States Supreme Court to invalidate the Professional and Amateur Sports Protection Act (PASPA) prohibition has seen New Mexico, Delaware, Mississippi, New Jersey and West Virginia combine Nevada in offering legal sportsbetting.
With the exception of roulette in Las Vegas casinos, The Wizard of Odds reported that those making up the ‘millennial’ creation, which roughly equates to adults aged between 22 and 38, seem to be increasingly disinterested in gambling. However, this has led casinos to put money into eSports as a way to attract these younger clients to be able to reap the rewards of non-gaming things such as lodging, food and drink.
The site reported that the business is 1 day hoping to convince these eSports aficionados to bet on their favorite contests online considerably as more conventional punters currently place bets on a baseball game or boxing game.
Ultimately, The Wizard of Odds detailed there is the widespread belief that this age group will ‘grow from the organically’ because they become older and combine their parents in adopting the more conventional forms of betting.