What lies ahead for the future of sweepstakes gaming?

Younger audiences and changing consumer habits are reshaping the future of sweepstakes gaming. In this final article of our five-part series, we look at what lies ahead for the future. The U.S. sweepstakes industry is racing towards a projected $7 billion valuation in 2025. But what happens next? With unparalleled growth, changing consumer behaviours and increasing regulatory scrutiny, sweeping changes are inevitable.

Sweepstakes gaming at a crossroads – sustainability or regulatory clampdown?

Worth billions of dollars, projections predict the U.S. sweepstakes industry will double in value by 2025. This is a pivotal moment, as the explosive growth of sweepstakes has left operators, investors and regulators chasing their tails. Will this market survive, or is a crackdown unavoidable progress?

Payment processors under pressure in sweepstakes gaming

Imagine your job is to process millions of transactions every day. To add pressure, you face increasing scrutiny from regulators. Then, to add fuel to the fire, you need to consider potential lawsuits. And this is for just doing your job. This is the reality for payment processors who support the sweepstakes gaming industry.

Breaking down barriers to sweepstakes growth in the U.S.

Imagine you enter an online sweepstake for the chance to change your life by winning big. But then you discover your state has different rules. Or worse still, bans the activity outright. This regulatory maze is the reality for sweepstakes operators in the U.S., where federal laws provide a foundation, but state laws create a patchwork of challenges. The second instalment in our five-part series on sweepstakes gaming examines how operators manage diverse regulations while expanding in a dynamic market.

Legal loophole or future opportunity? Exploring the rise of sweepstakes gaming in the U.S.

Imagine winning a grand prize without spending a dime. This is the allure of sweepstakes gaming, a booming industry in the U.S. The sweepstakes industry has undergone a remarkable transformation in recent years, blurring the lines between marketing and gambling in a fast-growing market valued at billions. With federal laws enabling this unique form of promotional gaming and a complex patchwork of state regulations, sweepstakes operators have carved out a fertile yet contentious space for expansion.

Katie Taylor’s gamble stirs boxing and betting frenzy

Katie Taylor, a celebrated professional boxer, shocked the sports world with a daring 'bet' before the much-anticipated fight between Mike Tyson and Jake Paul. Known for her fierce determination and exceptional skills, Taylor staked her entire fight purse on Tyson, sparking a debate about the evolving intersection of boxing, betting, and sports entertainment.

Emerging from bankruptcy, what’s next for Diamond Sports Group ?

Diamond Sports Group, the largest operator of regional sports networks (RSNs) in the United States, has survived financial difficulty since filing for Chapter 11 bankruptcy in March 2023. Its journey through insolvency has been marked by steep debt, declining cable subscriptions, and shifting viewer habits.

Kansas sports wagers hit record of $275 million in October

Commercial casinos in Kansas hit a new monthly high, with record sports wager being registered in October.

Maine’s online sports handle hits $500 million in first year

Maine's online sports handle has crossed the $500 million mark to hit $501.3 million in its first 12 months.

Endeavor sells OpenBet and IMG ARENA in $450m management buyout

Endeavor Group Holdings announces a $450 million management buyout for its sports betting and data divisions, OpenBet and IMG ARENA. This move reflects Endeavor’s strategic focus on core operations while positioning both brands for growth and innovation in the sports betting sector.