A new report estimates that iGaming could generate $14.98B in the U.S. if it were legalized in all 44 states that already have some form of gambling.
A new report estimates that iGaming could generate $14.98 billion in the U.S. if it were legalized in all 44 states that already have legal land-based casinos or mobile sports betting.The U.S. stands to see a potential 800% increase in iGaming tax revenue if it were to expand its number of regulated markets.produced by VIXIO, on behalf of Light & Wonder, iGaming could generate $14.
The vast majority of iGaming’s 2023 tax revenue was generated by the three largest regulated markets: Michigan, New Jersey, and Pennsylvania. That highlights why there is so much focus on New York adopting legalized iGaming, despite it being unlikely to become an early iGaming adopter., New York legislators admitted iGaming in the state was in a “holding pattern.” New York State Sen. Joseph Addabbo Jr.
If iGaming were legalized by the 44 states that currently have legal land-based casinos or mobile sports betting, the potential annual revenue generated by iGaming is estimated to be $47.86 billion. That would be a huge boost to the industry but as the VIXIO report demonstrates, it would also be a big boost to state and tribal government tax revenues.
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