Press Release

United States Online Gambling Market is expected to grow at a robust CAGR

United States online gambling market is rising due to increasing legalization, technological advancements, and growing consumer demand for convenient and accessible gambling options during the forecast period.

 

According to TechSci Research report, “United States Online Gambling Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, the United States online gambling market has experienced significant growth in recent years, driven by a combination of factors. One key driver is the increasing legalization of online gambling across various states. As more states recognize the potential economic benefits and tax revenues associated with online gambling, they are passing legislation to allow for its operation. This has created a favorable regulatory environment, enabling online gambling operators to enter the market and offer their services to a wider audience. Technological advancements have also played a crucial role in the market's growth. The widespread availability of high-speed internet and the proliferation of smartphones have made online gambling more accessible than ever before. Consumers can now conveniently access a wide range of gambling options from the comfort of their own homes or on the go, leading to increased participation and engagement. Furthermore, the growing consumer demand for online gambling has fueled market expansion. The convenience, variety of games, and potential for significant winnings have attracted a large and diverse customer base. Additionally, the COVID-19 pandemic has further accelerated the shift towards online gambling as traditional brick-and-mortar casinos faced temporary closures and restrictions. Overall, the United States online gambling market is poised for continued growth as more states legalize and regulate the industry, technology continues to advance, and consumer demand remains strong.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "United States Online Gambling Market."

 

Based on Type, the sports betting segment dominated the United States online gambling market and is expected to maintain its dominance during the forecast period. Sports betting has gained immense popularity in recent years, driven by the increasing legalization of sports betting across various states. The excitement and thrill of wagering on sports events, combined with the convenience of online platforms, have attracted a large number of players. The availability of a wide range of sports and betting options, including major professional leagues such as the NFL, NBA, and MLB, as well as international events like the Olympics and World Cup, has contributed to the segment's dominance. Online sports betting platforms offer competitive odds, live streaming of matches, and real-time updates, enhancing the overall betting experience for players. The COVID-19 pandemic also played a role in the dominance of sports betting, as traditional sports events faced disruptions and temporary closures, leading to a surge in online sports betting activities. Furthermore, the increasing partnerships between sports leagues, teams, and online gambling operators have helped to promote sports betting and attract a larger audience. The integration of innovative features such as in-play betting, cash-out options, and fantasy sports has further fueled the growth of the sports betting segment. With the continued expansion of legalized sports betting across more states and the ongoing popularity of sports events, the sports betting segment is expected to maintain its dominance in the United States online gambling market in the foreseeable future.

Based on Device, the mobile segment dominated the United States online gambling market and is expected to maintain its dominance during the forecast period. The increasing adoption of smartphones and the convenience they offer have fueled the growth of mobile gambling. Players are increasingly opting for mobile devices to access online gambling platforms, allowing them to enjoy their favorite games anytime and anywhere. The mobile segment has witnessed significant advancements in terms of mobile-responsive websites and dedicated mobile applications, providing a seamless and optimized gambling experience. Operators have recognized the potential of the mobile market and have been investing in developing user-friendly interfaces, a wide range of games, and secure payment options specifically tailored for mobile devices. Additionally, the COVID-19 pandemic has further accelerated the shift towards mobile gambling as people spent more time at home and sought entertainment options on their smartphones. The trend of mobile dominance is expected to continue as technology continues to advance, offering more immersive experiences and attracting a larger user base. Furthermore, the convenience and accessibility of mobile gambling resonate with a wide range of demographics, including younger players who are more inclined to use mobile devices for various activities. As a result, the mobile segment is poised to maintain its dominance in the United States online gambling market in the coming years.

 

Key market players in the United States Online Gambling Market are: -

  • DraftKings Inc.
  • FanDuel Group
  • BetMGM (Roar Digital)
  • Caesars Entertainment Corporation
  • Flutter Entertainment (Paddy Power Betfair)
  • 888 Holdings PLC
  • Kindred Group PLC
  • William Hill PLC
  • Golden Nugget Online Gaming Inc.
  • Rush Street Interactive
  • Penn National Gaming Inc.
  • Boyd Gaming Corporation
  • Churchill Downs Incorporated

 

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“The United States online gambling market has experienced significant growth in recent years, driven by factors such as increasing legalization, technological advancements, and growing consumer demand. With the legalization of online gambling in various states, operators have been able to establish a regulated market, offering convenient and accessible gambling options to a wider audience. Technological advancements, including high-speed internet and smartphones, have further facilitated the growth of the market by providing easy access to online gambling platforms. As a result, the United States online gambling market continues to expand, offering a range of gambling options to meet the evolving preferences of consumers.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Online Gambling Market Segmented By Type (Sports Betting, Casinos, Poker, Bingo, Others), By Device (Desktop, Mobile, Others), By Region, and By Competition, 2018-2028,” has evaluated the future growth potential of United States Online Gambling Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Online Gambling Market. 


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