Online Gambling Services in the US - Industry Market Research Report

Online Gambling Services in the US - Industry Market Research Report

Online Gambling Services in the US

Online gambling services in the US are hosted on internet platforms which enable consumers to wager on events such as digital table games or other sporting events, like horse racing. This relatively small but robust industry has sought to capture more consumer demand for gambling services by branching out into hosting online platforms. Other players in the sports betting segment are newer, online-based endeavors, such as DraftKings, which entered the industry in 2018. In 2020, despite the outbreak of COVID-19, the industry experienced booming growth, though rising operating costs hindered profit. Demand rose as leisure time and disposable income both increased, benefiting operators in states which had legalized online gambling. Over the five years to 2023, the industry is expected to grow at a CAGR of 36.0% in revenue to reach $4.8 billion, including an estimated decline of 8.9% in 2023 alone.

Companies in this industry enable users to place bets online. These bets include digital table games and sports bets.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.