Category: us states

Ranked: America’s Best States to Do Business In


This post is by Avery Koop from Visual Capitalist


Ranked: The best states to do business in

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Ranked: America’s Best States to Do Business In

The United States often ranks as one of the best countries to start a business in, but the ease with which one can do business varies state by state. There are many considerations that factor into starting a business like the available workforce, the condition of local infrastructure, access to investors, a culture that’s open to business, and so on.

This map ranks America’s best states to do business in based on a study from CNBC which measured 88 factors across 10 broad categories.

Methodology

Here is a further breakdown of the weight given to each of the 10 categories:

states to do business in

The Most Business Friendly States

North Carolina—coming in first place in the ranking—attracts an extremely talented and innovative workforce, largely thanks to the state’s investment in its Research Triangle Regional Partnership (RTRP).

Overall RankState
#1North Carolina
#2Washington
#3Virginia
#4Colorado
#5Texas
#6Tennessee
#7Nebraska
#8Utah
#9Minnesota
#10Georgia
#11Florida
#12Iowa
#13North Dakota
#14Indiana
#15 (Read more...)

The Staggering Numbers Behind the Online Betting Industry


This post is by Aran Ali from Visual Capitalist


the growing online betting market

The Briefing

  • The global online gambling market is expected to reach $93 billion by 2023—a 40% jump from its value today
  • Sports betting has been a major growth driver, after the U.S. Supreme Court legalized it federally in 2018

The World of the Online Betting Industry

The world of online betting is undergoing tremendous change, setting it up to flourish in the years to come. The market is worth $67 billion today and estimated to reach about $93 billion by 2023—growing at roughly 11.5% per annum.

There are two trends that are bringing about this growth. First, more of our activities are taking place online, a trend that extends to betting as well.

Second, is loosening regulation. The U.S. Supreme Court uplifted the Professional and Amateur Sports Protection Act in May of 2018 to legalize sports betting on a federal level. Since then, over two dozen (plus Nevada) have followed through, taking the state tally to 25.

The Most Popular Online Betting Activities

Online betting activity breaks up into a few unique categories. Casino is a big one, making up 32% of all online betting activity. It appears traditional casino games like blackjack carry the same thrill online. Bingo’s popularity is a lot more modest at 4.5%.

But the most popular activity by far is sports betting, which makes up over 40% of the total online betting market—and the $66 billion in value it encapsulates.

Online Betting Activity TypeShare of Total
Sports Betting40.3%
Casino32.1%
Lottery13.2%
(Read more...)