While we’re witnessing the U.S. online gambling market thriving like never before – analysts predict the entire industry could generate nearly $40 billion annually by 2029, led by widespread legalization, technological improvements, and a growing customer base.

Since the growth is happening at the same time as the staggering projections of consumer losses, some estimate it could even surpass $1 trillion by 2028. But despite that, online casinos and poker sites continue to expand for several compelling reasons.

With the whole regulatory field completely changed over the past decade, legal online gambling is now permitted in more than 30 states, finally giving millions of Americans access to casino and poker platforms.

All these legal changes have made a new generation of operators enter the market, which made it way easier for players to gamble from the comfort of their homes. It’s all complemented by the growth of mobile gambling since smartphone users account for over 70% of overall gambling activity.

Tech has played the most important role in all that – fast internet and mobile apps have made it so easy for players to find and play their favorite games.

Also, platforms have become safer, with most of them now featuring encrypted transactions and accepting all payment options, even crypto.

For example, Bitcoin poker sites have been on a tear recently since they provide the fastest and most private transactions, which brings in users who seek simple and completely anonymous options.

There are thousands of games available – and that’s another major factor in the popularity of the entire sector. Everything you can imagine – from classic games such as blackjack and roulette to live dealer options and innovative slot machines, there’s something for every type of player.

Most of these games feature very impressive graphics, such as those you’ll see in PC games. Operators also offer enticing bonuses, such as welcome offers, free spins, and loyalty programs, which are there to improve the overall experience and profits.

Right now, sports betting is a new key growth area within the sector. According to recent reports, the U.S. sports betting market is projected to hit $14.3 billion in revenue by the end of 2024, with annual growth rates going over 10%.

Through this surge, we can see that sports betting is becoming more popular, especially among younger audiences. Studies show that nearly 20% of American adults placed a sports bet in the past years, which means that it’s getting more accepted among US citizens each year.

In fact, states like New Jersey continue to set new records for online gambling revenue – in just 2023 alone, the state reported over $2 billion in earnings from internet gambling platforms.

With such adaptability, whether through mobile platforms, improved user interfaces, or the use of crypto, online gambling platforms continue to bring innovations to the market – and they seem to be just starting.