US - Online Gambling Market by End-user and Gender - Forecast and Analysis 2023-2027
| Published: Oct 2023 | Pages: 123 | SKU: IRTNTR72612 |
US - Online Gambling Market Report 2023-2027
The US - online gambling market size is estimated to grow by USD 41.82 billion accelerating at a CAGR of 10.79% between 2022 and 2027.
Our report offers in-depth analysis of market drivers, trends, opportunities, challenges, and restraints, with segmentation by End-user (desktop and mobile), Gender (male and female). Additionally, Technavio provides valuable insights through value chain analysis, parent market analysis, Porter’s Five analysis, vendor analysis, and COVID-19 impact data. The report also includes a thorough analysis of historical market data from 2017 to 2022.
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Online Gambling Market In US Analysis and Insights
The easing of government regulations is a key driver boosting the market growth. In 2006, the Unlawful Internet Gambling and Enforcement Act prohibited online gambling in the US, but regulations evolved in 2012, allowing individual states to license online casinos, sportsbooks, and poker sites. As of 2023, New Jersey, Delaware, Michigan, West Virginia, Pennsylvania, and Connecticut permit online gambling. Anticipating further state legalization, benefits include revenue through taxes, job creation, economic strengthening, and contributions to societal welfare. The relaxation of regulations is a key driver for the forecasted growth in the online gambling market in the US.
The emergence of VR as cure for gambling addiction is a key trend shaping the market. In addressing online gambling addiction, therapists employ VR as a method. This technique enables addicts to experience controlled virtual environments mirroring their cravings without exposure to real-life triggers. VR aids therapists in studying addicts' behavior during virtual gambling scenarios, allowing them to assess progress. Therapists can tailor VR environments to individuals' needs, easing addicts into setups with reduced noise, slot machines, players, and overall intensity. The ongoing trend of using VR to treat gambling addictions is anticipated to contribute to market growth in the forecast period.
The security and credibility issues associated with online gambling is a key challenge hindering market growth. Security and credibility concerns are key impediments to the US online gambling market. Many gambling websites lack a robust dispute resolution system, transparent prize payouts, and fair gaming standards, diminishing the credibility of operators. This issue hampers casino business scalability and deters new user participation. Online gambling platforms are susceptible to cyber threats, capturing sensitive user information vulnerable to hacking. Offshore-run Internet casinos may lack adequate cybersecurity measures, elevating the risk of cyberattacks. Some online casinos use poker bots for optimal play, inflating betting amounts. These security and credibility challenges are expected to restrain market growth in the forecast period.
Online Gambling Market In US Segmentation
The desktop segment is estimated to witness significant growth during the forecast period. There are significant advancements in smartphone technologies which is leading to the decline in the adoption of desktops and related technologies across the world. Additionally, there is an increasing shift in preference by consumers from desktop to mobile devices due to the lack of mobility and power consumption issues associated with desktops.
Online Gambling Market in US
By End-User
Get a glance at the market contribution of various segments Request Free Sample
The desktop segment was the largest segment and was valued at USD 23.58 billion in 2017. On the other hand, desktops are still preferred by some users because of their high-definition displays and better visual experience than small-screen devices such as smartphones. Additionally, there is an increasing preference for larger devices for online gambling by a majority of the US population mainly because of the better gaming experience and bigger display size. Furthermore, several developments in web technologies, including Hypertext Markup Language 5 (HTML5), flash technology, and new Cascading Style Sheets (CSS), have facilitated companies to develop new website- and web-based applications with more intuitive interfaces and features. Hence, such factors are fuelling the growth of the segment which in turn will drive the US online gambling growth during the forecast period.
Online Gambling Market In US Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Segment Overview
The online gambling market in US report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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The US online gambling market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- End-user Outlook (USD Billion, 2017 - 2027)
- Desktop
- Mobile
- Gender Outlook (USD Billion, 2017 - 2027)
- Male
- Female
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Online Gambling Market In US Scope |
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Report Coverage |
Details |
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Page number |
123 |
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Base year |
2022 |
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Historic period |
2018 - 2022 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.79% |
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Market growth 2023-2027 |
USD 41.82 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
8.97 |
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Regional analysis |
US |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
888 Holdings plc, Ballys Corp., Bet365 Group Ltd., Betsson AB, BOVADA.LV, Caesars Entertainment Inc., Delaware Park, DraftKings Inc., Flutter Entertainment Plc, Game Taco Inc., Harrington Raceway and Casino, Infiniti Media Group Ltd., Landrys LLC, Light and Wonder Inc., MGM Resorts International, Midwest Gaming and Entertainment LLC, Realtime Gaming, Resorts Digital Gaming LLC, and Rational Intellectual Holdings Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Online Gambling Market In US In Country Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the market industry across US
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Gender
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Online gambling market in US 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on online gambling market in US 2017 - 2021 ($ billion)
- 4.2 End-user Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
- 4.3 Gender Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Gender Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 27: Chart on Comparison by End-user
- Exhibit 28: Data Table on Comparison by End-user
- 6.3 Desktop - Market size and forecast 2022-2027
- Exhibit 29: Chart on Desktop - Market size and forecast 2022-2027 ($ billion)
- Exhibit 30: Data Table on Desktop - Market size and forecast 2022-2027 ($ billion)
- Exhibit 31: Chart on Desktop - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Desktop - Year-over-year growth 2022-2027 (%)
- 6.4 Mobile - Market size and forecast 2022-2027
- Exhibit 33: Chart on Mobile - Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Mobile - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Mobile - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Mobile - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by End-user
- Exhibit 37: Market opportunity by End-user ($ billion)
- Exhibit 38: Data Table on Market opportunity by End-user ($ billion)
7 Market Segmentation by Gender
- 7.1 Market segments
- Exhibit 39: Chart on Gender - Market share 2022-2027 (%)
- Exhibit 40: Data Table on Gender - Market share 2022-2027 (%)
- 7.2 Comparison by Gender
- Exhibit 41: Chart on Comparison by Gender
- Exhibit 42: Data Table on Comparison by Gender
- 7.3 Male - Market size and forecast 2022-2027
- Exhibit 43: Chart on Male - Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Data Table on Male - Market size and forecast 2022-2027 ($ billion)
- Exhibit 45: Chart on Male - Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Male - Year-over-year growth 2022-2027 (%)
- 7.4 Female - Market size and forecast 2022-2027
- Exhibit 47: Chart on Female - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on Female - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on Female - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Female - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Gender
- Exhibit 51: Market opportunity by Gender ($ billion)
- Exhibit 52: Data Table on Market opportunity by Gender ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 53: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 54: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 55: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 56: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 57: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 58: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 59: Matrix on vendor position and classification
- 11.3 888 Holdings plc
- Exhibit 60: 888 Holdings plc - Overview
- Exhibit 61: 888 Holdings plc - Business segments
- Exhibit 62: 888 Holdings plc - Key offerings
- Exhibit 63: 888 Holdings plc - Segment focus
- 11.4 Ballys Corp.
- Exhibit 64: Ballys Corp. - Overview
- Exhibit 65: Ballys Corp. - Business segments
- Exhibit 66: Ballys Corp. - Key offerings
- Exhibit 67: Ballys Corp. - Segment focus
- 11.5 Betsson AB
- Exhibit 68: Betsson AB - Overview
- Exhibit 69: Betsson AB - Product / Service
- Exhibit 70: Betsson AB - Key news
- Exhibit 71: Betsson AB - Key offerings
- 11.6 BOVADA.LV
- Exhibit 72: BOVADA.LV - Overview
- Exhibit 73: BOVADA.LV - Product / Service
- Exhibit 74: BOVADA.LV - Key offerings
- 11.7 Caesars Entertainment Inc.
- Exhibit 75: Caesars Entertainment Inc. - Overview
- Exhibit 76: Caesars Entertainment Inc. - Business segments
- Exhibit 77: Caesars Entertainment Inc. - Key news
- Exhibit 78: Caesars Entertainment Inc. - Key offerings
- Exhibit 79: Caesars Entertainment Inc. - Segment focus
- 11.8 Delaware Park
- Exhibit 80: Delaware Park - Overview
- Exhibit 81: Delaware Park - Product / Service
- Exhibit 82: Delaware Park - Key offerings
- 11.9 DraftKings Inc.
- Exhibit 83: DraftKings Inc. - Overview
- Exhibit 84: DraftKings Inc. - Business segments
- Exhibit 85: DraftKings Inc. - Key offerings
- Exhibit 86: DraftKings Inc. - Segment focus
- 11.10 Flutter Entertainment Plc
- Exhibit 87: Flutter Entertainment Plc - Overview
- Exhibit 88: Flutter Entertainment Plc - Business segments
- Exhibit 89: Flutter Entertainment Plc - Key news
- Exhibit 90: Flutter Entertainment Plc - Key offerings
- Exhibit 91: Flutter Entertainment Plc - Segment focus
- 11.11 Game Taco Inc.
- Exhibit 92: Game Taco Inc. - Overview
- Exhibit 93: Game Taco Inc. - Product / Service
- Exhibit 94: Game Taco Inc. - Key offerings
- 11.12 Harrington Raceway and Casino
- Exhibit 95: Harrington Raceway and Casino - Overview
- Exhibit 96: Harrington Raceway and Casino - Product / Service
- Exhibit 97: Harrington Raceway and Casino - Key offerings
- 11.13 Landrys LLC
- Exhibit 98: Landrys LLC - Overview
- Exhibit 99: Landrys LLC - Product / Service
- Exhibit 100: Landrys LLC - Key offerings
- 11.14 Light and Wonder Inc.
- Exhibit 101: Light and Wonder Inc. - Overview
- Exhibit 102: Light and Wonder Inc. - Business segments
- Exhibit 103: Light and Wonder Inc. - Key offerings
- Exhibit 104: Light and Wonder Inc. - Segment focus
- 11.15 MGM Resorts International
- Exhibit 105: MGM Resorts International - Overview
- Exhibit 106: MGM Resorts International - Business segments
- Exhibit 107: MGM Resorts International - Key offerings
- Exhibit 108: MGM Resorts International - Segment focus
- 11.16 Realtime Gaming
- Exhibit 109: Realtime Gaming - Overview
- Exhibit 110: Realtime Gaming - Product / Service
- Exhibit 111: Realtime Gaming - Key offerings
- 11.17 Resorts Digital Gaming LLC
- Exhibit 112: Resorts Digital Gaming LLC - Overview
- Exhibit 113: Resorts Digital Gaming LLC - Product / Service
- Exhibit 114: Resorts Digital Gaming LLC - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 115: Inclusions checklist
- Exhibit 116: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 117: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 118: Research methodology
- Exhibit 119: Validation techniques employed for market sizing
- Exhibit 120: Information sources
- 12.5 List of abbreviations
- Exhibit 121: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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online gambling market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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