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Online Gambling Market in US Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72612
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The online gambling market share in the US is expected to increase by USD 2.22 billion from 2021 to 2026, at a CAGR of 12.47%.

This online gambling market in US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers online gambling market segmentation in the US by end-user (mobile and desktop) and gender (female and male). The online gambling market in US report also offers information on several market vendors, including 888 Holdings plc, Ballys Corp., Betfair, Bovada, Churchill Downs Inc., Delaware Park Racetrack and Slots, DraftKings Inc., FanDuel Inc., Golden Nugget, and MGM Resorts International among others.

What will the Online Gambling Market Size in US be During the Forecast Period?

Online Gambling Market Size

Download the Free Report Sample to Unlock the Online Gambling Market Size in US for the Forecast Period and Other Important Statistics

 

Online Gambling Market in US: Key Drivers, Trends, and Challenges

The easing of government regulations is notably driving the online gambling market growth in US, although factors such as the frequent changes in gambling laws may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online gambling industry in US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Online Gambling Market Driver in US

One of the key factors driving growth in the online gambling market in US is the easing of government regulations. In 2006, the US Federal government passed the Unlawful Internet Gambling and Enforcement Act, which banned all forms of online gambling. However, in 2012, a new law was passed that allowed individual states to license online and mobile casinos and sportsbooks and poker sites within their borders. As of 2015, only three states such as New Jersey, Pennsylvania and Michigan in the country allowed online gambling. With the US Federal government relaxing the laws on online gambling, more than five states in the US were legalized for online gambling in 2020. Thus, the easing of regulations on online gambling in the country is an important trend that will drive the growth of the market during the forecast period.

Key Online Gambling Market Trend in US

The availability of alternatives to cash payments is another factor supporting the online gambling market share growth in US. The online gambling market in US comprises different types of games, and the rewards also differ from one game to another. The rewards are given in the form of physical goods as well as monetary benefits. Many sites accept deposits from bank cards such as Switch, Maestro, Visa Electron, Visa Debit, and Laser. Visa cards are the most popular type of credit or debit card that is used at online casinos, and Visa cards are the most accepted payment method as they are universally available. The online gambling market in US enables players to use virtual money, which has reduced the risks related to cash. Some online casinos pay the winning amount in virtual currency, which can then be used to play other games or may be redeemed for cash. This also helps vendors to keep track of the spending history of customers and create customized marketing plans.

Key Online Gambling Market Challenge in US

The frequent changes in gambling laws will be a major challenge for the online gambling market in the US during the forecast period. Online gambling vendors in the US are wary of the sudden changes in the laws and regulations regarding online gambling since the legalization of online games in the country in 2012. Until 2011, online gaming was prohibited in the country based on the Department of Justice's interpretation of the Wire Act of 1961. However, in December 2011, the legal status of online gaming changed as the Department of Justice changed its position on the interpretation of the Wire Act. This resulted in the legalization of online gambling in three states inf the US. Online gambling has been subjected to stringent regulation by the US government. With the Internet boom in the 1990s and the increased popularity of online gambling, the Department of Justice and US Congress explored and examined the existing federal laws to find how to apply them to Internet (online) gambling, which led to the introduction of new US online gambling laws as well. The present interpretation of the law is also not considered permanent, and it could change again, which will have a direct impact on the online gambling market in the US and may even lead to a ban on all legalized websites once again.

This online gambling market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the online gambling market in US as a part of the global casinos and gaming market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the online gambling market in US during the forecast period.

Who are the Major Online Gambling Market Vendors in the US?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 888 Holdings plc
  • Ballys Corp.
  • Betfair
  • Bovada
  • Churchill Downs Inc.
  • Delaware Park Racetrack and Slots
  • DraftKings Inc.
  • FanDuel Inc.
  • Golden Nugget
  • MGM Resorts International

 

This statistical study of the online gambling market in US encompasses successful business strategies deployed by the key vendors. The online gambling market in US is fragmented and the vendors are deploying  growth strategies such as investing in planning, designing, developing, acquiring new players, and expanding their existing facilities to compete in the market.

Product Insights and News

  • 888 Holdings plc - The company offers online gambling services where one gets bonus for first deposit of 200 dollars, under the brand name of  888 Group.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The online gambling market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Online Gambling Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the online gambling market in US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the casinos and gaming market includes the following core components:

  • Inputs
  • Operations
  • Services
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

What are the Revenue-generating End-user Segments in the Online Gambling Market in US?

Online Gambling Market Market segmentation by region

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The online gambling market share growth in US by the mobile segment will be significant during the forecast period. The online gambling market in US by mobile devices is likely to experience high growth during the forecast period. The busy lifestyle of the people in the US and the rising preference for portable devices for hassle-free use are the main reasons for the increased share of this segment in the online gambling market. The US is one of the most technologically advanced countries in the world. Another reason for the increasing share of the segment is the increase in the number of games offered through gambling apps.

This report provides an accurate prediction of the contribution of all the segments to the growth of the online gambling market size in US and actionable market insights on post COVID-19 impact on each segment.

 

Online Gambling Market Scope in US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 12.47%

Market growth 2022-2026

$ 2.22 billion

Market structure

Fragmented

YoY growth (%)

16.00

Regional analysis

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

888 Holdings plc, Ballys Corp., Betfair, Bovada, Churchill Downs Inc., Delaware Park Racetrack and Slots, DraftKings Inc., FanDuel Inc., Golden Nugget, and MGM Resorts International

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 the forecast period

Customization purview

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What are the Key Data Covered in this Online Gambling Market in US Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive online gambling market growth in US during the next five years
  • Precise estimation of the online gambling market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online gambling industry in US
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online gambling market vendors in US

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1. Executive Summary                        

              1.1 Market Overview

                             Exhibit 01:  Key Finding 1

                             Exhibit 02:  Key Finding 2

                             Exhibit 03:  Key Finding 5

                            Exhibit 04:  Key Finding 6

                             Exhibit 05:  Key Finding 7

2. Market Landscape                          

              2.1 Market ecosystem            

                             Exhibit 06  Parent market

                             Exhibit 07:  Market characteristics

              2.2 Value Chain Analysis         

                             Exhibit 08:  Value chain analysis: Casinos and gaming

                             2.2.1 Inputs

                             2.2.2 Operations

                             2.2.3 Services

                             2.2.4 Marketing and sales

                             2.2.5 Support activities

                             2.2.6 Innovations

                             2.2.7 Industry innovations

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 2021 

              3.4 Market outlook: Forecast for 2021 - 2026 

                             3.4.1 Estimating growth rates for emerging and high-growth markets

                             3.4.2 Estimating growth rates for mature markets

                             Exhibit 11:  Global - Market size and forecast 2021 - 2026 ($ million)

                             Exhibit 12:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                        

              4.1 Five Forces Summary       

                             Exhibit 13:  Five forces analysis 2021 - 2026

              4.2 Bargaining power of buyers          

                             Exhibit 14: Bargaining power of the buyer

              4.3 Bargaining power of suppliers      

                             Exhibit 15: Bargaining power of the supplier

              4.4 Threat of new entrants    

                             Exhibit 16: Threat of new entrants

              4.5 Threat of substitutes        

                             Exhibit 17: Threat of substitutes

              4.6 Threat of rivalry  

                             Exhibit 18: Threat of rivalry

              4.7 Market condition

                             Exhibit 19: Market condition - Five forces 2021

5. Market Segmentation by End-user                          

              5.1 Market segments

                             The segments covered in this chapter are:

  • Mobile
  • Desktop

                             Exhibit 20:  End-user - Market share 2021-2026 (%)

              5.2 Comparison by End-user 

                             Exhibit 21:  Comparison by End-user

              5.3 Mobile - Market size and forecast 2021-2026         

                             Exhibit 22:  Mobile - Market size and forecast 2021-2026 ($ million)

                             Exhibit 23:  Mobile - Year-over-year growth 2021-2026 (%)

              5.4 Desktop - Market size and forecast 2021-2026       

                             Exhibit 24:  Desktop - Market size and forecast 2021-2026 ($ million)

                             Exhibit 25:  Desktop - Year-over-year growth 2021-2026 (%)

              5.5 Market opportunity by End-user  

                             Exhibit 26:  Market opportunity by End-user

6. Market Segmentation by Gender              

              6.1 Market segments

                             The segments covered in this chapter are:

  • Female
  • Male

                             Exhibit 27:  Gender - Market share 2021-2026 (%)

              6.2 Comparison by Gender    

                             Exhibit 28:  Comparison by Gender

              6.3 Female - Market size and forecast 2021-2026        

                             Exhibit 29:  Female - Market size and forecast 2021-2026 ($ million)

                             Exhibit 30:  Female - Year-over-year growth 2021-2026 (%)

              6.4 Male - Market size and forecast 2021-2026            

                             Exhibit 31:  Male - Market size and forecast 2021-2026 ($ million)

                             Exhibit 32:  Male - Year-over-year growth 2021-2026 (%)

              6.5 Market opportunity by Gender     

                             Exhibit 33:  Market opportunity by Gender

7. Customer landscape                       

                             Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

              7.1 Overview

                             Exhibit 34:  Customer landscape

8. Drivers, Challenges, and Trends                 

              8.1 Market drivers     

                             8.1.1 Easing of government regulations

                             8.1.2 Wider reach of online gambling

                             8.1.3 Growth in spending capability of customers

                             8.1.4 Increase in penetration of online casino gaming

              8.2 Market challenges             

                             8.2.1 Frequent changes in gambling laws

                             8.2.2 Difficulty in processing customer payments

                             8.2.3 Risks associated with the gambling business

                             8.2.4 Addiction to gambling

                             Exhibit 35:  Impact of drivers and challenges

              8.3 Market trends     

                             8.3.1 Availability of alternatives to cash payments

                             8.3.2 Customer-centric rewards

                             8.3.3 Effective marketing strategies

                             8.3.4 Use of AI in online gambling

9. Vendor Landscape                          

              9.1 Overview

                             Exhibit 36:  Vendor landscape

              9.2 Landscape disruption       

                             Exhibit 37:  Landscape disruption

                             Exhibit 38: Industry Risk

10. Vendor Analysis              

              10.1 Vendors covered             

                             Exhibit 39: Vendors covered

              10.2 Market positioning of vendors   

                             Exhibit 40: ?Market positioning of vendors?

              10.3 888 Holdings plc

                             Exhibit 41:  888 Holdings plc - Overview

                             Exhibit 42:  888 Holdings plc - Business segments

                             Exhibit 43:  888 Holdings plc - Key offerings

                             Exhibit 44:  888 Holdings plc - Segment focus

              10.4 Ballys Corp.        

                             Exhibit 45:  Ballys Corp. - Overview

                             Exhibit 46:  Ballys Corp. - Product and service

                             Exhibit 47:  Ballys Corp. - Key offerings

              10.5 Betfair  

                             Exhibit 48:  Betfair - Overview

                             Exhibit 49:  Betfair - Product and service

                             Exhibit 50:  Betfair - Key offerings

              10.6 Bovada 

                             Exhibit 51:  Bovada - Overview

                             Exhibit 52:  Bovada - Product and service

                             Exhibit 53:  Bovada - Key offerings

              10.7 Churchill Downs Inc.       

                             Exhibit 54:  Churchill Downs Inc. - Overview

                             Exhibit 55:  Churchill Downs Inc. - Business segments

                             Exhibit 56:  Churchill Downs Inc. - Key offerings

                             Exhibit 57:  Churchill Downs Inc. - Segment focus

              10.8 Delaware Park Racetrack and Slots          

                             Exhibit 58:  Delaware Park Racetrack and Slots - Overview

                             Exhibit 59:  Delaware Park Racetrack and Slots - Product and service

                             Exhibit 60:  Delaware Park Racetrack and Slots - Key offerings

              10.9 DraftKings Inc.   

                             Exhibit 61:  DraftKings Inc. - Overview

                             Exhibit 62:  DraftKings Inc. - Business segments

                             Exhibit 63:  DraftKings Inc. - Key offerings

                             Exhibit 64:  DraftKings Inc. - Segment focus

              10.10 FanDuel Inc.    

                             Exhibit 65:  FanDuel Inc. - Overview

                             Exhibit 66:  FanDuel Inc. - Product and service

                             Exhibit 67:  FanDuel Inc. - Key offerings

              10.11 Golden Nugget

                             Exhibit 68:  Golden Nugget - Overview

                             Exhibit 69:  Golden Nugget - Product and service

                             Exhibit 70:  Golden Nugget - Key offerings

              10.12 MGM Resorts International      

                             Exhibit 71:  MGM Resorts International - Overview

                             Exhibit 72:  MGM Resorts International - Business segments

                             Exhibit 73:  MGM Resorts International - Key offerings

                             Exhibit 74:  MGM Resorts International - Segment focus

11. Appendix                          

              11.1 Scope of the report        

                             11.1.1 ????Market definition

                             11.1.2 ????Objectives

                             11.1.3 ????Notes and caveats

              11.2 Currency conversion rates for US$           

                             Exhibit 75: ?Currency conversion rates for US$?

              11.3 Research Methodology  

                             Exhibit 76: ?Research Methodology

                             Exhibit 77: ??Validation techniques employed for market sizing?

                             Exhibit 78: ??Information sources

              11.4 List of abbreviations       

                             Exhibit 80: 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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 growth will increase by $2222.12 million during 2021-2026.
The online gambling market is expected to grow at a CAGR of 12.47% during 2021-2026.
Technavio has segmented the online gambling market by end user (Mobile and Desktop) ,other1 (Female and Male) , and geographic (US).
888 Holdings plc, Ballys Corp., Betfair, Bovada, Churchill Downs Inc., Delaware Park Racetrack and Slots, DraftKings Inc., FanDuel Inc., Golden Nugget, MGM Resorts International are a few of the key vendors in the online gambling market.
US will register the highest growth rate of 100.00% among the other regions. Therefore, the online gambling market in US is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the online gambling market growth are:
  • Easing of government regulations
The online gambling market vendors should focus on grabbing business opportunities from the mobile segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
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  • 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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