Newly regulated US states to outperform established
markets in 2022 predicts BonusFinder.com research
Bonus Index forecasts Ohio, Maryland and Kansas sports betting apps will oust Arizona, Indiana
and Colorado from top 10 highest performing states – key drivers are larger populations, more competitive markets and bonuses
June 21st, 2022 – The combined effect of large populations, liberal licensing and resulting high
bonuses of newly regulating states including Ohio, Kansas, and Maryland sports betting will see them break into the top 10 highest performing US markets in 2022 – 2023, the latest BonusFinder.com Bonus
Index is predicting.
The success of these new states, will mean established US markets including Arizona, Indiana and Colorado will lose their grip on the top 10 despite several setting revenue records at the end of 2021.
Bonusfinder.com predicts average welcome offers in Ohio sports betting to be $1,270, with low offers starting from $500 and the highest bonuses climbing up to thousands.
The ‘old’ guard will buck this trend, however, with New Jersey, Pennsylvania and Michigan, three of
the first states to regulate both online sports betting and iGaming, predicted to hold onto their top
five places in the Bonus Index in 2022.
The Index found that their large player volumes, openness to multiple licences, high bonuses and
permitting both online betting and casino games means they are predicted to continue rapid year-
The biggest story of 2022, however, will be further north with betting and gaming brands flocking to
newly regulating Ontario, Canada with BonusFinder.com predicting the province will instantly
become the most attractive iGaming market in North America for both players and brands,
surpassing all its US online counterparts when it goes live in Q1 2022.
New Jersey has recently revealed a record monthly turnover of $1.3 billion in bets taken in October,
however Ontario is expected to outstrip this in its first month with a population double the size of
the East coast state.
Once regulated Ontario will become North America’s most important online casino and sports
betting market. The Bonus Index predicts that a combination of its 15 million population, with a
strong volume of sportsbook and casino players, and an estimated 70+ brands looking to acquire a
licence when the market goes live means that brands will be entering a highly competitive market
and battling for players by offering the continent’s most appealing casino bonus of $866 and an
estimated sportsbook bonus of $395.
The Bonusfinder.com Bonus Index measures a wide variety of factors across all current and future
regulated sports betting states and provinces across the US and Canada. This includes population,
number of licences and licensees, betting volume and average bonus offerings across all licensed
brands to calculate an overall Free Bet index score.
Fintan Costello, Managing Director, BonusFinder.com, said: “While the larger established US states
will continue to play a crucial role in stateside growth in 2022 our Index shows that newly regulating
markets such as New York and Maryland will outmuscle many others due to their large player
volume potential and highly competitive markets and bonuses which many simply don’t have right
“They will be the benchmark for other emerging and existing states, but nothing will compare to
Ontario which is going to explode when regulated early next year. It’s already a booming market pre-
regulation but we fully expect it to significantly outperform any US state by some distance and for
brands to race to the border to secure a significant piece of the action.”