North America Online Gambling Market Size, Share & Trends Analysis Report By Type (Sports Betting, Casinos, Poker, Bingo), By Device (Desktop, Mobile), By Country, And Segment Forecasts, 2024 - 2030
North America Online Gambling Market Growth & Trends
The North America online gambling market size is anticipated to reach USD 29.38 billion by 2030 and is projected to grow at a CAGR of 12.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Shifting consumer preferences towards online and digital experiences have played a crucial role in driving the market growth. Many users prefer the convenience of accessing gambling platforms from their homes or on the go rather than visiting physical casinos or betting shops. The availability of a wide range of online gambling options, including casino games, sports betting, poker, and more, has attracted a diverse audience. Operators offering a comprehensive suite of games and betting options tend to attract and retain more customers.
The integration of innovative payment solutions and financial technologies (fintech) has facilitated transactions within the online gambling ecosystem, driving market growth. The availability of secure and convenient payment methods, including digital wallets, cryptocurrencies, and instant banking options, streamlines players' deposit and withdrawal process, enhancing the overall user experience. In addition, adopting blockchain technology and smart contracts in online gambling platforms provides transparency and immutability.
The growing acceptance and integration of cryptocurrency and blockchain technology drive the market growth of online gambling. Cryptocurrencies offer advantages such as enhanced security, anonymity, and lower transaction fees. Blockchain technology improves gaming operations' transparency, fairness, and integrity through decentralized and tamper-proof ledgers. However, regulatory concerns, volatility, and technical barriers to adoption may impede the widespread integration of cryptocurrencies in the North American market.
North America Online Gambling Market Report Highlights
- Based on type, the sports betting segment led the market with the largest revenue share of 49.8% in 2023. Collaborations between gambling software developers and private enterprises to create gaming solutions with user-friendly interfaces have played a pivotal role in expanding the market
- Based on device, the mobile segment is expected to witness at the fastest CAGR during the forecast period, due to advancements in mobile technology, such as faster processors, improved graphics, and seamless connectivity
- U.S. dominated the market with the revenue share of 16.5% in 2023. Legalizing and regulating online gambling in various states has significantly expanded the market's potential and accessibility
- In May 2022, DraftKings acquired Golden Nugget Online Gaming (GNOG). The acquisition allows DraftKings to tap into new customer demographics by leveraging the established reputation and recognition of the Golden Nugget brand. Furthermore, by integrating GNOG's unique capabilities, like Live Dealer games, and combining them with DraftKings' vertically integrated technology stack, the combined entity can deliver an enhanced and diversified gaming experience to its users
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Segment Definitions
- 1.2.1. Type
- 1.2.2. Device
- 1.2.3. Estimates and Forecasts Timeline
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.1.1. Type Outlook
- 2.1.2. Device Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
- Chapter 3. North America Online Gambling Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Billion)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.1.1. Adoption of AI powered chatbots
- 3.4.1.2. Gradual legalization and regulation of online gambling
- 3.4.1.3. The widespread adoption of smartphones and high-speed internet connectivity
- 3.4.2. Market Restraints Analysis
- 3.4.2.1. High cost of devices
- 3.4.3. Industry Opportunities
- 3.4.3.1. Growing acceptance of fintech
- 3.4.4. Industry Challenges
- 3.5. North America Online Gambling Market Analysis Tools
- 3.5.1. Porter’s Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic and Social landscape
- 3.5.2.3. Technological landscape
- 3.5.2.4. Environmental landscape
- 3.5.2.5. Legal landscape
- Chapter 4. North America Online Gambling Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. North America Online Gambling Market: Type Analysis, 2023 & 2030 (USD Billion)
- 4.3. Sports Betting
- 4.3.1. Sports Betting market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4. Casinos
- 4.4.1. Casinos market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4.2. iSlot
- 4.4.2.1. iSlot market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4.3. iTable
- 4.4.3.1. iTable market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4.4. iDealer
- 4.4.4.1. iDealer market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4.5. Other iCasino Games
- 4.4.5.1. Other iCasino Games market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.5. Poker
- 4.5.1. Poker market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.6. Bingo
- 4.6.1. Bingo market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.7. Others
- 4.7.1. Others market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Chapter 5. North America Online Gambling Market: Device Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. North America Online Gambling Market: Device Analysis, 2023 & 2030 (USD Billion)
- 5.3. Desktop
- 5.3.1. Desktop market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Mobile
- 5.4.1. Mobile market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.5. Others
- 5.5.1. Others market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
- Chapter 6. North America Online Gambling Market: Country Estimates & Trend Analysis
- 6.1. North America Online Gambling Market Share, By Country, 2023 & 2030 (USD Million)
- 6.1.1. U.S.
- 6.1.1.1. U.S. Online Gambling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.1.2. Canada
- 6.1.2.1. Canada Online Gambling Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Positioning
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.5.1. Expansion
- 7.5.2. Mergers & Acquisition
- 7.5.3. Partnerships & Collaborations
- 7.5.4. New Product Launches
- 7.5.5. Research and Development
- 7.6. Company Profiles
- 7.6.1. 888 Holdings PLC
- 7.6.1.1. Participant’s Overview
- 7.6.1.2. Financial Performance
- 7.6.1.3. Product Benchmarking
- 7.6.1.4. Recent Developments/ Strategic Initiatives
- 7.6.2. Bet365 Group Ltd
- 7.6.2.1. Participant’s Overview
- 7.6.2.2. Financial Performance
- 7.6.2.3. Product Benchmarking
- 7.6.2.4. Recent Developments/ Strategic Initiatives
- 7.6.3. Betsson AB
- 7.6.3.1. Participant’s Overview
- 7.6.3.2. Financial Performance
- 7.6.3.3. Product Benchmarking
- 7.6.3.4. Recent Developments/ Strategic Initiatives
- 7.6.4. Boyd Gaming Corp. (BYD)
- 7.6.4.1. Participant’s Overview
- 7.6.4.2. Financial Performance
- 7.6.4.3. Product Benchmarking
- 7.6.4.4. Recent Developments/ Strategic Initiatives
- 7.6.5. DraftKings, Inc
- 7.6.5.1. Participant’s Overview
- 7.6.5.2. Financial Performance
- 7.6.5.3. Product Benchmarking
- 7.6.5.4. Recent Developments/ Strategic Initiatives
- 7.6.6. Kindred Group PLC
- 7.6.6.1. Participant’s Overview
- 7.6.6.2. Financial Performance
- 7.6.6.3. Product Benchmarking
- 7.6.6.4. Recent Developments/ Strategic Initiatives
- 7.6.7. MyBookie
- 7.6.7.1. Participant’s Overview
- 7.6.7.2. Financial Performance
- 7.6.7.3. Product Benchmarking
- 7.6.7.4. Recent Developments/ Strategic Initiatives
- 7.6.8. Penn National Gaming (PENN)
- 7.6.8.1. Participant’s Overview
- 7.6.8.2. Financial Performance
- 7.6.8.3. Product Benchmarking
- 7.6.8.4. Recent Developments/ Strategic Initiatives
- 7.6.9. Playtech
- 7.6.9.1. Participant’s Overview
- 7.6.9.2. Financial Performance
- 7.6.9.3. Product Benchmarking
- 7.6.9.4. Recent Developments/ Strategic Initiatives
- 7.6.10. Sky Betting & Gaming
- 7.6.10.1. Participant’s Overview
- 7.6.10.2. Financial Performance
- 7.6.10.3. Product Benchmarking
- 7.6.10.4. Recent Developments/ Strategic Initiatives
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