US Online Gambling Market - Focused Insights 2023-2028

US Online Gambling Market - Focused Insights 2023-2028

REPORT OVERVIEW

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

REPORT HIGHLIGHTS

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
• About Arizton