It is a quirk of history that the largest emerging market for iGaming is the U.S. Five years after the advent of licensed and regulated iGaming, only four states have gone live. This lag in industry development came to an abrupt end when the Professional and Amateur Sports Protection Act (PASPA) was overturned by the U.S. Supreme Court, kicking the iGaming industry into overdrive.
The rapid growth has already started. While it has taken real-money online casinos and poker five years to expand from three states to four, the overturning of PASPA last May has already led to sports betting establishment in seven new states (Nevada, the eighth state, has had legalized sports betting since 1975), while an additional two more will approve legislation shortly. This new rate of growth is explosive in comparison to the previous five years and will change the structure of the market in terms of new platform providers along with partnerships among casinos, teams and leagues. One should also expect a healthy dose of mergers and acquisitions causing increasing consolidation in the industry.