As new technologies like IoT, Blockchain, and VR advance the industry, the market in North America is anticipated to grow at a rate of 14.78 percent through 2025, keeping up with the rest of the world. Consequently, the online gaming market is expanding at an astounding rate.Īccording to a study by Research & Markets, the market will be worth $192 billion by 2030. However, in the wake of PASPA’s repeal and the clear financial benefits of legalizing gaming more broadly, a growing number of states have begun drafting new laws on the subject. However, unlike the situation with PASPA, this did not imply that the states could legally provide internet gambling to everyone in the country.
If you’re wondering how this relates to online gambling, you’re not alone in 2011, the Department of Justice decided to leave it up to the discretion of individual states to determine whether or not to legalize the practice.
