US betting

In another example of the consolidation of the domestic online sports betting market, Super Group announced it will exit U.S. operations in its seven mobile sports betting states through its subsidiary Betway.

The horse racing industry has enjoyed a resurgence recently after years of decreasing numbers. Online horse wagering has propped up the numbers and getting into business with mobile sportsbooks could be the best avenue for the industry.

The U.S. sports betting industry has reached an unprecedented milestone, exceeding a $100 billion handle for 2023. Fueled by emerging markets like Maryland and New York’s mobile segment, the robust growth reflects a 33% increase in wagers compared to the previous year, according to the American Gaming Association. The industry’s vitality is expected to persist into 2024, with more states contemplating legalization.

Amidst a transformative surge in online casino revenue, the U.S. iGaming sector has witnessed a groundbreaking shift, surpassing $4.8 billion in the first 10 months of 2023. Frontrunners New Jersey and Michigan lead the wave, with October alone contributing $542.7 million, propelling the industry towards an anticipated $5 billion annual mark.