Casino City's iGaming Pocket Directory - 2021 Edition

69 Sponsored by Visit iGamingPocketDirectory.com for more information. Casino Sports betting offers a unique form of online gaming, where bettors predict sports results and wager on an outcome rather than playing against a dealer or other bettors. Whereas bingo, casino games and poker are based on events within the casino, sports betting is tied to real-life events. Punters can find bets on all sorts of sports, including eSports, with individual wagers ranging from single games to a full season’s performance by either players, teams, or entire leagues. Estimating the full value of the international sports betting market is difficult due to a wide variety of regulations across the world, but many countries offer reputable reports. The European Gaming and Betting Association reported in late 2020 that sports betting continues to be the most popular online gambling activity in Europe, responsible for 41% of the total gaming market, with 55% of the revenues coming on in-play wagers. The market share is even more pronounced in the U.K., where according to The Gambling Commission, sports betting accounted for 81.3% of online gambling, with virtual dog or horse racing making up 65.1% of the market. A relatively new player in the global online sports betting market is the U.S., which has long been a sleeping giant. Since the U.S. Supreme Court ruled that the federal ban on sports betting was unconstitutional in May 2018, operators both domestically and internationally began competing for a piece of American pie as if it were a gold rush. By the end of 2020, 19 U.S. states had approved regulations and launched legalized sports betting, and since June 2018 had generated a total of $34.97 billion. Of those 19 states, only four had not approved mobile gaming. SPORTS BETT ING INDUSTRY OVERVIEW Sports Bett g