The growth of digitalization across all industries couldn’t leave online gambling aside. The online gambling market is quite large and is getting even larger, especially after COVID-19. Below, you can find important information concerning online gambling and online gambling merchant account in the U.S.
Internet Gambling in the U.S.
The number of global players making significant investment in the market is growing. In 2019, the global online gambling market accounted for about 59 billion U.S. dollars and is projected to further expand. Online gamblers are most interested in sports betting and fantasy sports: the U.S. fantasy sports market made up almost 8 billion U.S. dollars last year.
The U.S. online gambling market is expected to account for a CAGR of 15.41% from 2020 to 2025. Given the rise of the market, you, as a merchant in the industry, should pay more attention to the payment methods you’re offering to your customers.
To succeed, you just need to work with a true high risk payment specialist that guarantees the safest and the lowest cost
Legally Gamble Online for Real Money
The U.S. online gambling space is changing rapidly. The landscape of regulated real-money online gambling is undergoing changes and developing in the U.S. The same is also true of the payment options offered in the field.
Some of the highest acceptance rates are associated with the payment methods available specifically for online casinos in the country. These include VIP Preferred eChecks, PlayPlus prepaid online casino cards, and Cash At Casino Cage payments.
When it comes to regulations, independent regulators’ strict rules aren’t followed by all the best online casinos. If you’re interested in gambling online for real money in the U.S., you should focus on the following:
- Find out the forms of online gambling that aren’t prohibited in your state
- Draw a parallel among gambling sites and mobile gambling apps
- If a U.S. gambling site is legal, you can find secure deposit options on it. These can include credit cards, eChecks, and PayPal. Sign up and make a deposit.
You may ask which states are offering legal online gambling? Here they are:
- Indiana Michigan
- New Hampshire
- New Jersey
- West Virginia
Online Gambling in the U.S.
The U.S. federal government allows the states to decide on whether they can allow legal online gambling or not. Several states currently allow it, and many others are working on licensing and regulating Internet gambling. If you’re an online gambling merchant, work with a reputable high risk merchant services provider to offer the best payment processing options to your customers.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that provides the safest and cheapest