Latest News- Online Gambling Market in US: Casual gamblers is expected to lead the End-user segment during 2025-2029

The Online Gambling Market in US is being driven by Easing of government regulations

The Online Gambling Market in US is expected to grow at a CAGR of 11.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 54.8 billion. In the burgeoning online gambling industry, Virtual Reality (VR) technology is being utilized by therapists as an innovative tool to treat gambling addiction. By immersing individuals in safe and controlled virtual environments, therapists can replicate the sensory experiences associated with online gambling, enabling them to study addictive behaviors without exposing patients to real-life scenarios. VR technology offers a valuable resource for therapists, providing insights into the progression of addiction treatment and offering a more effective and engaging approach to therapy sessions. With authorized access to VR environments, therapists can tailor treatments to the specific needs of online gambling addicts, ultimately enhancing the efficacy of therapy sessions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Casual gamblers
  • Professional gamblers
  • High-rollers
• Type
  • Sports betting
  • Casino games
  • Poker
  • Bingo
  • Lottery
• Device
  • Desktop
  • Mobile
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Easing of government regulations
• Wider reach of online gambling
• Growth in spending capability of customers

However, the market also witnesses some limitations, which are as follows:

• Security and credibility issues associated with online gambling
• Operational risks associated with gambling business
• Growing addiction to online gambling

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Market Scope in Online Gambling Market in US Research Report

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Research Analysis Overview

The US online gambling market encompasses various offerings such as Poker Rooms, Bingo Halls, Online Lotteries, Slot Machines, Live Casino Games, and Mobile Apps. Features like Virtual Reality Gaming, Cryptocurrency Payments, Welcome Bonuses, Free Spins, and Match Bonuses are common. VIP Programs, Live Chat, Email Support, and Phone Support ensure customer satisfaction. Responsible Gambling Tools, Deposit Limits, Loss Limits, Game Providers like Evolution Gaming, and Random Number Generators ensure fairness. UI/UX, AI-powered Recommendations, Machine Learning Algorithms, Data Analysis, and Customer Segmentation drive personalized offers. Gamification Techniques, Affiliate Networks, Social Media Strategies, Content Creation, Player Retention Strategies, Customer Acquisition Campaigns, Brand Building, User Experience Optimization, Risk Assessment, Compliance Regulations, Financial Audits are essential for market growth.

Market Research Overview

In the burgeoning Online Gambling Market in the US, various licenses play a pivotal role in regulating the industry and maintaining its legitimacy. These licenses include those for Online Casinos, Sports Betting, Table Games, Live Dealer, Mobile Gaming, and Esports Betting. For instance, a non-remote casino operating license is essential for casinos to legally offer gambling services from fixed premises. Additionally, personal management licenses are mandatory for individuals holding managerial positions, while personal functional licenses are necessary for those performing specific functions. Furthermore, separate licenses are required for combined casino operations that encompass both non-remote and remote activities. Ensuring regulatory compliance through these licenses is crucial for maintaining a fair and crime-free gambling landscape.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/