US Online Gambling Market Size Expected to Grow by $2.22 Billion | Annual growth of 16.00% in 2022

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Key Market Dynamics:

  • market engine
  • Market challenges

Easing government regulations and expanding the reach of online gambling are some of the major market drivers. The online gambling market in the United States includes different types of games, and the rewards also differ from game to game. Rewards are given in the form of physical goods as well as monetary benefits. However, factors such as frequent changes in gambling laws will challenge the growth of the market. The online gambling market in the United States allows players to use virtual money, which has reduced the risk of money. Some online casinos pay out the winning amount in virtual currency, which can then be used to play other games or can be exchanged for cash. It also helps vendors track customer spending history and create personalized marketing plans.

However, frequent changes in gambling laws will pose a major challenge for the online gambling market in the United States during the forecast period. Online gambling providers in the United States are wary of sudden changes in laws and regulations regarding online gambling since the legalization of online gambling in the country in 2012. With the internet boom In the 1990s and the growing popularity of online gambling, the Department of Justice and the United States Congress explored and reviewed existing federal laws to find out how to apply them to Internet (online) gambling. which also led to the introduction of new US online gambling laws.

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Key Segment Highlights

Per end user

  • Mobile
    The mobile segment held the largest online gambling market share in the United States in 2021. The segment will continue to account for the largest share throughout the forecast period. The hectic lifestyle of the people in the United States and the growing preference for portable devices for hassle-free usage are the major reasons for the increase in share of this segment in the online gambling market. The United States is one of the most technologically advanced countries in the world. Another reason for the growing share of the segment is the increase in the number of games offered through gambling apps.
  • Office

By gender

  • Women
    In 2021, the female population contributed significantly to the online gambling market in the United States, accounting for a 57% share. One of the main reasons for this growth is the convenience and anonymity that private gaming on personal devices without location constraints offers women. There are many online casinos that encourage female players. For example, Cameo Casino was the first female-centric online casino launched in the United States with the slogan “Made by women, for Women in 2020”.
  • Man

See our sample report for additional information on the contribution of all segments and regional opportunities

Overview of key market players

The online gambling market in the United States is fragmented and vendors are deploying growth strategies such as investing in planning, design, development, acquiring new players and expanding their existing facilities to be competitive in the market. Suppliers are also investing in planning, design, development, acquiring new players and expanding their existing facilities.

Some companies mentioned with their offers

  • 888 Holdings plc: The company offers online gambling services where you get a bonus for the first deposit of $200under the 888 Group brand.
    • Ballys Corp. :The company offers online gambling services where one can play the most exciting casino games on the web, from traditional roulette and blackjack to the latest video slots with huge jackpots and cash prizes, under the Dover Downs brand.
    • Betting Fair: The company offers online gambling services where anyone can participate worldwide and enjoy various games, under the Betfair brand.
    • Bovada: The company offers online gambling services with a wide variety of casino games for betting pleasure, including table games, a huge poker community with massive tournaments and guaranteed payouts, under the Bovada brand.
    • Churchill Downs Inc.:The company offers online gambling services that provide world-class horse racing coverage and betting on marquee events in United States and all over the world, under the Churchill brand.
  • To access more supplier profiles with their key offerings available with Technavio, Click here

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Online gambling market in the United States

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Slowing down to a CAGR of 12.47%

Market Growth 2022-2026

$2.22 billion

Market structure

Fragmented

Annual growth (%)

16.00

Regional analysis

we

Successful market contribution

100% United States

Main consumer countries

United States and rest of the Americas

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

888 Holdings plc, Ballys Corp., Betfair, Bovada, Churchill Downs Inc., Delaware Park Racetrack and Slots, DraftKings Inc., FanDuel Inc., Golden Nugget and MGM Resorts International

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

Market landscape

  • Market ecosystem
  • Value chain analysis
  • Market sizing
  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021 – 2026
  • Five forces analysis
  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state
  • Market segmentation by end user
  • Market segments
  • Comparison by end user
  • Mobile – Market size and forecast 2021-2026
  • Desktop Computer – Market size and forecast 2021-2026
  • Market opportunity by end user
  • Market segmentation by gender
  • Market segments
  • Comparison by gender
  • Women – Market size and forecast 2021-2026
  • Male – Market size and forecast 2021-2026
  • Market opportunity by gender
  • Customer landscape
  • Market factors
  • Market challenges
  • Market trends
  • Supplier Landscape
  • Overview
  • Landscape disturbance
  • Vendor analysis
  • Suppliers Covered
  • Positioning on the supplier market
  • 888 Holdings plc
  • Ballys Corp.
  • betting fair
  • bovada
  • Churchill Downs Inc.
  • Delaware Park Racetrack and Slots
  • DraftKings Inc.
  • FanDuel Inc.
  • Gold nugget
  • MGM Resorts International
  • appendix
  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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