Last year the US online casinos industry broke all records as it saw a surge in bets. Many factors have contributed to this major increase in revenues. In 2021 it is expected to continue its rapid rise in popularity in the US. In this article, I will talk about what trends are fueling this growth along with what to expect in the near future.
#1 – The Pandemic
All states have not escaped the clutches of Covid-19 and at some point, lockdowns have been in place. Many thought that by 2021 the pandemic would be over but it is far from that and will continue to wreak havoc throughout the year. It has fueled a boom in online gambling as people are looking for a way to entertain themselves while they are stuck indoors.
#2 – Bitcoin Price Reaching Record Highs
Bitcoin and other cryptos are hugely popular with Americans and at the end of last year along with the start of this year, the prices have rocketed. It has made many people extremely rich and the online casino industry does not want to miss out on this newfound wealth. As BTC is seen by many as a form of gambling, these are the perfect clientele for casinos which is why you will find huge bitcoin promotions focused on the USA casinos online sector.
#3 – Lack Of Jobs And Opportunities
Record numbers of businesses closed last year and millions are now unemployed with little hope of securing a new job. In these desperate times, many are turning to gambling as a way to attempt to clear off their debts and are using the stimulus checks to fund them. Most will end up losing it all but as they have little hope of surviving anyway; they feel it is worth a punt.
#4 – Decentralized Gambling Apps
Due to laws and restrictions, it has made it very difficult for millions of Americans to be able to legally gamble online. Things are changing; however, as blockchain technology is making it possible for developers to create decentralized gambling platforms. These are not controlled by any central affinity and enable gamblers to bet completely anonymously. It means now anyone in the USA can place a bet without any restrictions.
Final Thoughts
This year will be very similar to last year due to the problem of the pandemic not going away anytime soon. It will fuel a gambling boom like never before as Americans use stimulus checks to try to make an income in an economy that is falling apart. The odds are stacked in the house’s favor so unless lady luck is on your side, the chances of winning playing casino games are slim. Many are using the stimulus checks to buy bitcoin or to trade stocks on the Robin hood app which has created a frenzy in these markets. Experts believe these are causing huge bubbles to occur that could result in many losing everything they have but that warning is being ignored.