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US Online Gambling Market - Focused Insights 2023-2028

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    Report

  • 57 Pages
  • October 2023
  • Region: United States
  • Arizton
  • ID: 5891738
UP TO OFF until Jun 30th 2024
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The US online gambling market will be valued at around $11.51 BN in 2022. This report provides complete information regarding the preferences of online gambling in the US. Increased per capita income, high adoption, growing interest, and growth of dual-income households constitute the basis for rising spending on online gambling worldwide. Furthermore, major players focus on strategic agreements, acquisitions, and collaboration with emerging players to enter the US online gambling market to gain access to commercially launched products.

KEY HIGHLIGHTS:

  • Factors, such as the high spending power of the baby boomers and Gen X, increased adoption of smartphones, inclination toward new technology, and high urbanization drives the growth of the gambling market in the US.
  • The baby boomers and Gen X mainly drive the market. Conversely, millennials can be termed a digital generation. They are tech-savvy, and most of them are addicted to their smartphones. This segment will drive the demand for the online gambling market in the region.
  • In 2022, the US casino industry recorded growth, and consumer spending on gambling in the casinos saw an increase across the nation. The casinos in several states have felt the effect of rising competition among the casinos in different states to attract gamers and gamblers.
  • The region is expected to follow a thought leadership strategy. Players are expected to establish gambling facilities in this region and maintain offshore facilities for profit enhancement and customer base expansion.
  • The performance of the gambling industry reflects the macroeconomic factors, growth in jobs, and increased consumer confidence. The growth has not yet been evenly growing nationwide. Several states in the US with commercial casinos witnessed a growth in gross gaming revenues. Massachusetts led the way in percentage growth terms, with 2016 marking the state’s first full year as a commercial gaming jurisdiction.

LIST OF VENDORS

Key Vendors

  • Caesars Entertainment
  • Las Vegas Sands
  • MGM Resorts International
  • Wynn Resorts
  • PENN Entertainment
  • Entain
  • Flutter Entertainment
  • Kindred
  • 888 Holdings
  • BET365

Other Prominent Vendors

  • Betway
  • Genting Berhad
  • Betsson
  • Sportech
  • Tipico
  • Light & Wonder
  • IGT
  • DraftKings
  • Boyd Gaming
  • Evolution

SEGMENTATION & FORECAST

Product (Revenue)

  • Casino
  • Lottery
  • Betting
  • Poker
  • Others

Platform (Revenue)

  • Desktop-Based
  • Mobile
  • Others

MARKET STRUCTURE

  • Market Dynamics
  • Competitive Landscape of US Online Gambling Market
  • Key Vendors
  • Other Prominent Vendors

APPENDIX

  • Research Methodology
  • Abbreviations

Table of Contents

Chapter - 1: US Online Gambling Market Overview
  • Executive Summary
  • Introduction
  • Key Findings
Chapter - 2: US Online Gambling Market Projected Revenue
  • US: Projected Revenue of US Online Gambling Market (2022-2028; $Billions)
Chapter - 3: US Online Gambling Market Segmentation Data
  • US: Projected Revenue by Product (2022-2028); (Revenue $Bn)
    • Product Snapshot
    • Casino
    • Lottery
    • Betting
    • Poker
    • Others
  • US: Projected Revenue by Platform (2022-2028); (Revenue $Bn)
    • Platform Snapshot
    • Desktop-Based
    • Mobile
    • Others
Chapter - 4: US Online Gambling Market Prospects & Opportunities
  • US Online Gambling Market Trends
  • US Online Gambling Market Drivers
  • US Online Gambling Market Constraints
Chapter - 5: US Online Gambling Market Industry Overview
  • US Online Gambling Market - Competitive Landscape
  • US Online Gambling Market - Key Players
  • US Online Gambling Market - Other Prominent Vendors
Chapter - 6: Appendix
  • Research Methodology
  • Abbreviations
List of Exhibits
Exhibit 1: Us Online Gambling Market ($ Billion)
Exhibit 2: Us Online Gambling Market by Product 2022-2028
Exhibit 3: Market by Casino 2022-2028 ($ Billion)
Exhibit 4: Market by Lottery 2022-2028 ($ Billion)
Exhibit 5: Market by Betting 2022-2028 ($ Billion)
Exhibit 6: Market by Poker 2022-2028 ($ Billion)
Exhibit 7: Market by Other Products 2022-2028 ($ Billion)
Exhibit 8: Us Online Gambling Market by Platform 2022-2028
Exhibit 9: Market by Desktop-Based 2022-2028 ($ Billion)
Exhibit 10: Market by Mobile 2022-2028 ($ Billion)
Exhibit 11: Market by Other Platforms 2022-2028 ($ Billion)
List of Tables
Table 1: Quantitative Summary Revenue Us Online Gambling Market
Table 2: Quantitative Summary Projected Revenue by Product
Table 3: Quantitative Summary Projected Revenue by Platform

Companies Mentioned

  • Caesars Entertainment
  • Las Vegas Sands
  • MGM Resorts International
  • Wynn Resorts
  • PENN Entertainment
  • Entain
  • Flutter Entertainment
  • Kindred
  • 888 Holdings
  • BET365
  • Betway
  • Genting Berhad
  • Betsson
  • Sportech
  • Tipico
  • Light & Wonder
  • IGT
  • DraftKings
  • Boyd Gaming
  • Evolution

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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