The IMARC Group has recently published a new research study entitled “United States Online Gambling Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2023-2028”, provides a detailed analysis of US Gaming market report, drivers, segmentation, growth opportunities, trends and competitive landscape to understand current and future market scenarios.
The market size reached USD 9.3 billion in 2022. Looking ahead, IMARC Group expects the market to reach USD 16.0 billion by 2028, exhibiting a CAGR of 9.2% during 2023-2028.
What is online gambling?
Online gambling involves betting money or valuable property on sports or casino activities over the Internet. Also known as virtual gambling, players do not have to engage in physical interactions as all sessions are moderated by computer programs. The outcome of the bet is immediate and uncertain, which is decided through a single roll of the dice or spin of a roulette wheel. In recent years, online gambling has gained traction as it offers various advantages such as cashless transactions, access through electronic devices, customizable budgets and real-time gambling experiences.
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What are the growth prospects and trends in the industry?
The market is mainly driven by the legalization of online gambling platforms by the United States Government. This has led to a significant increase in the number of visitors to casino and gambling websites, thus influencing the growth of the market.
The development of electronic gambling devices (EGDs) consisting of embedded software that mimics the experience of a local casino is also driving market growth. For example, market players have launched a video lottery terminal (VLT) that offers advanced technology and customized electronic slot machines, rotary slot machines, video slot machines and poker slots.
The spread of the coronavirus (COVID-19) pandemic across the country has increased the growth of online gambling due to several lockdown restrictions imposed by the government. Additionally, technological advancements such as the development of virtual reality (VR) and 3D animation that provide a realistic and immersive gaming experience to players are expected to provide a favorable market outlook in the coming years.
Main market segmentation:
The report has segmented the United States online gambling market based on game type, device, and region.
Division by type of game:
- Sports betting
- Horse racing
- Live casino
Breakdown by device:
Division by region:
Competitive landscape with key players:
The competitive landscape of the United States online gambling market has been studied against the detailed profiles of the major players operating in the market.
Explore the full report with TOC and list of figures: https://www.imarcgroup.com/united-states-online-gambling-market
Key points of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market drivers and success factors
- Impact of COVID-19
- Value chain analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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