mulling over legislative bills<\/a> on the same.<\/p>\n\n\n\nAs of this writing, sports betting accounts for nearly 70\npercent of global gaming revenue which is quite interesting especially\nconsidering how lucrative the other forms of gambling including poker and lotteries\nare. In fact, according to recent media reports, the industry is expected to grow\nto a whopping $155.49 billion by 2024. This just goes to show how important the\ngaming industry is to economies all around the world. The legalization of\nsports betting was clearly meant to drive a fortune back to the economy of the\nUnited States. It is also expected to revitalize the hundreds of casino\noperations that have been going bankrupt while at the same time increasing\nrevenue for casinos whose earning have stagnated due to lack of new and appealing\nofferings.<\/p>\n\n\n\n
This massive growth has been largely attributed to the\ndigital revolution of the past decade. These include such developments as virtual\nbetting and the rapid rise of mobile betting, both of which have become key\nconsiderations for gamers and gaming operators all over the world. Fortunately,\nit is about to get even better.<\/p>\n\n\n\n
The United Kingdom’s Gaming Industry<\/h2>\n\n\n\n
The growth of the sports betting industry is, of course, not\nunique to the United States and applies to other markets as well, even the ones\nthat have always had sports betting industries. One of the places where sports\nbetting has been legal for a very long time and continues to thrive under a\nreasonable degree of regulation is the United Kingdom.<\/p>\n\n\n\n
The UK is currently ranked as the largest sports betting market in Europe and when compared to the United States it is way ahead \u2013 this is largely because of early liberalization of the online betting industry. Online sports betting is now legally enjoyed by a decent portion of the country’s population which means the country gets to collect a huge sum of tax revenue for other projects. However, like any other industry, there been have shortcomings<\/a> in various areas and the ever-increasing competition in the country is not making operating any easier. That said, the opening up of international markets such as the United States opens up more opportunities for UK-based operators. Now that is what we call a win-win situation.<\/p>\n","protected":false},"excerpt":{"rendered":"The past year has been great for sports betting especially in the United States where after years of federal resistance, the country’s Supreme Court finally lifted the federal ban on sports betting by abolishing the Professional and Amateur Sports Protection Act (PASPA). As it stands, a total of 8 states have legalized sports betting with […]","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[182,115,246,54,223,8,175,202],"class_list":["post-4436","post","type-post","status-publish","format-standard","hentry","category-industry","tag-law","tag-legislation","tag-mobile-gambling","tag-online-gambling","tag-revenue","tag-sports-betting","tag-uk","tag-us"],"yoast_head":"\nSports Betting in the US and Its Impact on the UK<\/title>\n<meta name=\"description\" content=\"Sports betting accounts for nearly 70 percent of global gaming revenue which is quite interesting especially considering how lucrative the other forms of gambling.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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