United States Online Gambling Market is Expected to Grow at a CAGR 8% during 2024-2032
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.
Report Attribute | Key Statistics |
---|---|
Base Year | 2023 |
Forecast Years | 2024-2032 |
Historical Years | 2018-2023 |
Market Size in 2023 | US$ 10.2 Billion |
Market Forecast in 2032 | US$ 20.8 Billion |
Market Growth Rate 2024-2032 | 8% |
United States Online Gambling Market Overview:
The high utilization of digital platforms as well as a gradual relaxation of regulatory constraints across several states are the factors responsible for the growth of the United States online gambling market. Additionally, the demand for online gambling is escalating owing to its economic benefits, such as significant tax revenue and job creation, which is fueling the market. Moreover, the COVID-19 pandemic further accelerated this trend by curtailing traditional casino operations and shifting gambling enthusiasts toward online platforms.
These platforms offer a convenient, accessible, and diverse gambling experience, from online poker rooms to virtual casinos, attracting a broader audience, which is further bolstering the market. This expansion is supported by advancements in technology and secure digital payment methods, which enhance user experience and trust in online gambling systems.
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United States Online Gambling Market Trends:
Emerging trends in the United States online gambling market include the integration of advanced technologies like artificial intelligence (AI) and blockchain. In addition to this, AI is being used to personalize user experiences, enhance customer service through chatbots, and improve security by detecting fraudulent activities, thereby escalating the market. There is also a growing interest in live dealer casino games, which simulate the experience of being in a physical casino, providing real-time interactions with dealers via live streaming, which is acting as another growth-inducing factor.
Furthermore, the rise of mobile gambling is significantly influencing market dynamics as operators develop mobile-friendly websites and apps to cater to consumers who prefer gambling on their smartphones, which is anticipated to drive the United States online gambling market over the forecasted period.
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
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- 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 a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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