With the recent legalization of gambling in the United States, there has been a surge in start-ups trying to get in on the action. This is a promising market that could bring innovative opportunities for those who are willing to take the risk.
In this article, we will explore the impact that the recent changes in legalization have had on states such as Pennsylvania and why the gambling market – both the iGaming and sports betting sectors – has become extremely appealing and promising for those that are interested in potentially opening up operations and starting up business within the area.
How has the legalization had a positive impact on Pennsylvania?
Pennsylvania was one of the first states within the US to decide to act upon the 2018 ruling by the Supreme Court that saw the abolishment of the long-standing federal law that had been in place to blanket ban gambling.
Indeed, the Keystone State has already been able to benefit in a number of ways, especially socio-economically. Of course, the positives to have been incurred as a result of this decision – which we will explore in detail shortly – have thus made PA one of the most attractive and promising regions in the entire US for start-ups within the gambling market.
So, what are the benefits to have been experienced? Well, many will immediately point to the revenues the state has generated since the introduction of legalized online casinos and sportsbooks.
According to figures, the state’s market has managed to continue to achieve growth for four consecutive years and there is no sign of this slowing down. In the context of the figures, it has been reported that $5 billion had been generated for the very first time in PA’s history, as interest and adoption of these services by players have continued to increase.
What are some of the start-ups to have started to benefit from the promising industry?
Of course, given the figures to have been reported, there is no denying that the Pennsylvanian gambling market is one that can potentially provide companies with the opportunity to achieve success. Indeed, we have already seen a handful of start-ups across various niches within the industry look to try and get a slice of the pie, too.
Here are a few of the most promising start-ups that have emerged in this new industry.
One of the most popular trends in online gambling is mobile casinos. These are websites that have been designed specifically for use on mobile devices such as smartphones and tablets. Mobile casinos offer all of the same games and features as traditional online casinos, but they are much more convenient for players on the go. With more and more people using their mobile devices for everything from checking the time to checking their bank balance, it is no wonder that mobile casinos are becoming so popular.
If you ever needed to see it for yourself and check out why they are so popular, then Pennsylvania casinos are a great example as they will continue to provide their members with the best experiences in a variety of different ways.
Players are able to achieve so much more than access to their favorite games, as they are also able to enjoy a range of accessible features and special bonuses that can help to enhance the overall sessions that are being entertained.
Live Dealer Games
Another trend that is gaining popularity in the online gambling world is live dealer games. These are games where players can interact with a real human dealer in real time via video chat. This gives players the opportunity to get the full casino experience without ever having to leave their homes. Live dealer games are available for a variety of different casino games, including blackjack, roulette, and baccarat.
Naturally, with gamers continuing to want to experience authentic gameplay experiences that feel as real as possible while being virtual, it has provided a gap in the market for start-ups that are able to exploit it and provide the products and services that consumers continue to demand.
Virtual Reality Casinos
One of the most innovative developments in online gambling is virtual reality casinos. These are casino experiences that are created using virtual reality technology. Players can put on a VR headset and be transported to a virtual casino floor where they can play all of their favorite casino games. Virtual reality casinos offer an immersive experience that is unlike anything else currently available in the gambling industry.
We are yet to see this take off throughout the industry truly, however there is no doubt that once it does, PA will be among one of the first states – and regions in the world – to look to try and bring this type of gambling to its residents.
Will the gambling industry remain a promising market for start-ups in the future?
Of course, there will be some that will have been surprised by how big and promising the gambling market in PA and across the US has become since the change in legislation, however, there may be some that are feeling a little cautious about what the future may hold given the rate of expansion that has already been experienced.
Nonetheless, given the fact that technology clearly plays such a crucial role for the gambling industry, there is no doubt that there will still be areas in which start-ups will be able to exploit in the future and potentially carve out a successful business for themselves in the future. With how technology is going at the moment, it would not be a surprise if we were to see something we once thought was impossible become reality in the next couple of years.
Legalizing gambling in the United States has created a ripe market for start-ups to cash in on. Mobile casinos, live dealer games, and virtual reality casinos are just a few of the most promising start-ups that have emerged in this new industry. With so much growth potential, this is an exciting time for those involved in online gambling, and one we expect to continue to expand further and further as time passes.