The online gambling market share in the US will post an incremental growth of USD 2.22 billion, decelerating at a CAGR of 12.47% during the forecast period. The easing of government regulations will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Online Gambling Market in US Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The online gambling market in the US is segmented by end-user (mobile and desktop) and gender (female and male).
The growth of the online gambling market size in the US by the mobile segment will be significant during the forecast period. The growth of the segment is attributed to the factors such as the rising preference for portable devices for hassle-free use and an increase in the number of games offered through gambling apps.
The easing of government regulations will directly influence the online gambling market in the US. In addition, the availability of alternatives to cash payments is one of the major online gambling market trends in the US that will positively impact the market growth. However, factors such as the frequent changes in gambling laws will hamper the online gambling market growth in the US.
The market is fragmented due to the presence of several players. Some of the major online gambling market vendors in the US are 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
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the online gambling market in the US forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the online gambling market share in the US.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the online gambling market in the US.
Online gambling industry growth across the US.