IMARC Group, a leading market research company, has recently releases report titled “United States Online Gambling Market Report by Game Type (Sports Betting, Casino, and Others), Device (Desktop, Mobile, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the United States online gambling market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the United States Online Gambling Market?
The United States online gambling market size reached US$ 10.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.8 Billion by 2032, exhibiting a growth rate (CAGR) of 8% during 2024-2032.
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United States Online Gambling Market Growth:
The rising internet penetration and the escalating usage of mobile devices across the country are primarily propelling the growth of the United States online gambling market. Additionally, the easy accessibility of online platforms is allowing users to gamble from anywhere at any time, which is also contributing to the growth of the market.
In line with this, the COVID-19 pandemic has accelerated the adoption of online gambling, as lockdowns and social distancing measures led consumers to turn to online gambling as a form of entertainment. Moreover, the rising variety of gaming options available online, such as sports betting, casino games, poker, etc., is positively influencing the market growth.
United States Online Gambling Market Segmentation:
Breakup by Game Type:
- Sports Betting
- Football
- Horse Racing
- E-Sports
- Others
- Casino
- Live Casino
- Baccarat
- Blackjack
- Poker
- Slots
- Others
- Others
Breakup by Device:
- Desktop
- Mobile
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
United States Online Gambling Market Trends:
Apart from this, ongoing technological advancements like the integration of artificial intelligence (AI) and blockchain with online gambling platforms to improve the user experience and ensure fairness and transparency in gambling activities are further propelling the growth of the market. Furthermore, various key market players are taking measures, such as KYC and limits on deposits, to make online gambling safe and secure, which in turn is acting as another significant growth-inducing factor.
Additionally, regulatory changes and advancements in digital payment technologies are also facilitating secure and efficient transactions, which is further stimulating the market growth. Besides this, the advent of virtual reality (VR) casinos, offering immersive ways to gamble online, is expected to stimulate the growth of the United States online gambling market in the coming years.
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Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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