- Commercial gaming revenues in the United States reached a record $14.81bn in 2Q22
- Online gaming operations grew at an even faster pace, rising by 34.3% YoY to all-time high of $1.21 billion
- Recent studies have found that the online gaming market space within the United States could triple in size over the next five years, growing to $24.3 billion by 2026
- Golden Matrix Group, which recently won its Mexican gaming permit, looks well positioned to capitalize on the growth of the US online gaming sector through its B2B white-labelling operations
Commercial gaming revenue in the United States reached a record $14.81 billion in the second quarter of 2022, rising by 8.8 percent relative to the same period last year, whilst simultaneously surpassing the previous record reported in the fourth quarter of 2021 by 3.3 percent. Remarkably, online gaming operations rose at an even faster pace, seeing gross gaming revenue rise by 34.3 percent year-over-year to an all-time high of $1.21 billion, supported by the opening of six new legal jurisdictions for online gaming operations dating back to the second quarter of last year (https://ibn.fm/Varav). The robust growth trends for the sector bode particularly favourably for the likes of Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, whose technology and turnkey solutions are increasingly being adopted by hundreds of gaming platforms around the world.
The advent of online gaming as witnessed by the recent industry trends have attracted a host of gaming platforms to the sector. Dating its origins back to the founding of the first online casino in 1994 – when the internet and computers were still relatively unusual concepts, there are now several thousand…
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI
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