The online casino industry is booming and it’s becoming more and more profitable each day.
According to a report released Monday, the total revenue generated by online casinos in the United States in 2017 totaled $4.1 billion.
Online casinos are big business.
In 2016, the industry generated $3.3 billion in revenue, according to a recent report by online casino company IGT Research.
According the report, the average online casino player spent $1,711 per month.
That’s up from the $895 spent per month in 2016, and a jump of more than $100,000 from a year ago.
In addition, the online gambling industry has become so big that it’s now estimated to be worth more than the entire federal budget for the Department of Defense.
The industry has been growing steadily for decades, but as online gaming has grown, so have the profits generated.
In fact, online casino operators have seen revenue grow more than 70 percent annually from 2011 to 2017, according the report.
Online gaming revenue is set to reach $11.6 billion by 2021, according IGT.
But in 2017, IGT predicted that the online casino business would be worth $7.9 billion by 2022.