The United States online
gambling market is anticipated to grow at a double-digit CAGR for the forecast
period, 2022-2026. The high demand for recreational activities and the rise in
the number of online users opting for online gaming services drive the demand
for the United States online gambling market.
Online gambling is the
process of betting on sporting activities or casinos over the internet. The
games played on which people gamble online include poker, bingo, keno,
roulette, slots, among others. Online gambling does not require the players'
physical interaction, and sessions are made available through online channels.
Consumers prefer online gambling because they provide convenient betting
facilities and fast cashless payment options.
Onset Of COVID-19
Pandemic Spurred the Demand for Online Gambling
The COVID-19 impact had
an adverse effect on the offline gambling industry on an international level.
The lockdown restrictions imposed by the leading authorities led to the closure
of bars, casinos, and gambling venues, for example, horse racing, breweries,
lounges, hotels, bingo halls, and lottery outlets. Suspension of the various
sporting events and the restriction on public gatherings further escalated the
closure of the gambling market. These reasons forced the market to shift from
offline gambling to online gambling activities. With the shutdown of gambling
places, the market players started to promote the digital means of gambling.
With the rise in the number of states imposing restrictions, the online
gambling industry witnessed a substantial hike, resulting in the expansion of
the offerings in the online gambling market. The high internet penetration in
the country and the proliferation of smart devices are increasing the access
for online gambling activities to the consumers and fueling the number of
downloads for online casino games. High demand for online gambling is expected
to boost the revenue stream, propelling the United States online gambling
market.
Live Casinos are
Witnessing Huge Demand within the Country
The live casino market
is at a growing stage due to the presence of stringent regulations imposed by
the leading authorities. New market players are gaining licenses to stream
their live gaming services. Market players are investing huge amounts for the
development of their software infrastructure and entering into the market.
Mergers and acquisitions are being formed between the software service
providers to boost the sales of the online gambling industry. Market players
are offering excellent online customer care service by providing chatbots
facility and calling to the customers to resolve their queries or doubts, which
is expected to boost the growth of the United States online gambling market.
Implementation of
Advanced Technologies Boosts the Market Growth
The use of machine
learning, artificial intelligence, virtual reality, blockchain technology,
chatbots to enhance the online gambling experience of the players is expected
to create lucrative opportunities for market growth. Market players organize
attractive tournaments and provide lucrative offers for beginners to increase
the number of new players. The availability of a large number of betting
opportunities and the bonus programs promising huge money gain is expected to
accelerate the growth of the United States online gaming market. The
introduction of new games on the online gambling platforms and the growing
popularity of online gambling are further expected to accelerate the United
States online gambling market's growth.
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Market Segmentation
The United States online
gambling market is segmented on the basis of gambling type, device, regional
distribution, and company. Based on gambling type, the market is divided into
sports betting, casino, bingo, and others. Based on devices, the market is divided
into desktop, mobile, and others. To analyze the market based on the region,
the United States online gambling market is studied in major regions, namely
Southern region, Western region, Mid-Western region, and North-Eastern region.
Market Players
Caesars Entertainment,
Inc., Flutter Entertainment plc, FanDuel Group, Inc., MGM Resorts
International, Bet365 Group Ltd, DraftKings Inc., 888 US Holdings Inc., Golden
Nugget, Inc., Churchill Downs Incorporated, Unibet Interactive Inc, are among
the major market players in the United States that lead the market growth of
the United States online gambling market.
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Attribute
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Details
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Base Year
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2020
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Historic Data
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2016 – 2019
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Estimated Year
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2021
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Forecast Period
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2022 – 2026
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Quantitative Units
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Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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·
Gambling
Type
·
Device
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Regional Scope
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South, West, Mid-West, North-East
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Key Companies Profiled
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Caesars Entertainment, Inc., Flutter
Entertainment plc, FanDuel Group, Inc., MGM Resorts International, Bet365
Group Ltd, DraftKings Inc., 888 US Holdings Inc., Golden Nugget, Inc., Churchill
Downs Incorporated, Unibet Interactive Inc
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, United States online
gambling market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- United States Online
Gambling Market, By Gambling Type:
- Sports Betting
- Casino
- Bingo
- Others
- United States Online Gambling Market, By Device:
- United States Online
Gambling Market, By Region:
- South
- West
- Mid-West
- North-East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States Online Gambling
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United States Online
Gambling Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]