[Latest] US Online Gambling Market Size/Share Worth USD 9 Billion by 2032 at a 17% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Austin, TX, USA, June 13, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “US Online Gambling Market Size, Trends and Insights, By Sports Betting (Football, Horse Racing, E-sports, Other Sports), By Game Type (Casino, Lottery, Bingo, Poker), By End User (Desktop, Mobile), and By US Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of US Online Gambling Market size & share was valued at approximately USD 2.5 Billion in 2022 and is expected to reach USD 3.15 Billion in 2023 and is expected to reach a value of around USD 9 Billion by 2032, at a compound annual growth rate (CAGR) of about 17%during the forecast period 2023 to 2032.”

CMI research report offers a 360-degree view of the US Online Gambling market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the US Online Gambling market.

Click Here to Access a Free Sample Report of the US Online Gambling Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=23904

US Online Gambling Market: Overview

Factors that favorably affect the US online gambling industry include the availability of affordable mobile applications, growing digitalization, a selection of secure digital payment options, an increase in disposable income, and an increase in the use of digital currency and websites. Additionally, from 2023 to 2032, players in the US online gambling market will have lucrative opportunities thanks to the prevalence of gambling websites, the rise in registration, the expansion of favorable online gaming laws, and technological advancement.

Growth Factors

The rise in consumer interest in gambling and the freemium model of online gaming are the two main drivers of the online gambling industry in the United States. Factors including the rising use of smartphones, the availability of casino gaming platforms, and the rising internet usage rate fuel the expansion of the US online gambling industry.

The COVID-19 outbreak’s implementation of social distance restrictions increased internet traffic across all platforms. It increased the number of people using online gambling platforms—particularly during pandemic outbreaks—all impact the US online gambling market.

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Electronic gambling devices (EGDs) are increasingly widely utilized since they are more easily available, feature software that replicates the activity at a nearby casino, and are less expensive to operate. However, factors including the present global recession, regulatory limitations enacted to combat gambling addiction, demographic changes, and security concerns could hinder the future expansion of the US online gaming business.

Estimates predict that online gaming and gambling will experience an increase in hacking and cybercrime throughout the selected period, which will limit industry growth. Cybercrime is increasing in this industry. Software hacking and signal manipulation by fraudulent apps are two major problems threatening the sector’s expansion. An increase in the likelihood of app-based theft influences the online gaming industry as well. Compulsive gambling can also damage a person’s relationships and health, leading to despair or debt.

(A free sample of the Online Gambling report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Online Gambling report has been modified to include the COVID-19 impact study prior to delivery.)

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Segmental Overview

The market for US Online Gambling is segmented into type and device. Based on devices, the US online gambling market is divided into two device categories: desktop and mobile.

The desktop category among them has the biggest market share. Unlike mobile phones and other devices, the desktop has a wider screen that lets users explore the game’s features and aesthetics. 

Additional performance characteristics of desktop computers that improve gaming include the sound volume, the graphics’ clarity, and the expandable storage. These factors have contributed to the expansion of the desktop market. Modern mobile phone technology has made stunning gaming graphics on smartphones possible, increasing the accessibility of online gambling on mobile devices. The accessibility of mobile gaming improves convenience for players.

The availability of affordable mobile phones and more recent features like improved graphics and more storage capacity encourage category growth.

Key questions answered in this report:

• What is the size of the Online Gambling market and what is its expected growth rate?
• What are the primary driving factors that push the Online Gambling market forward?
• What are the Online Gambling Industry's top companies?
• What are the different categories that the Online Gambling Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Online Gambling market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2023−2032
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Buy this Premium Online Gambling Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/us-online-gambling-market/ 

Report Scope

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Sports Betting Dominated the US Online Gambling Market in 2022

• American customers greatly favor the demand for sports betting in the online gambling industry because of the growing interest in sports in the nation. Additionally, consumers in the sphere of sports betting concentrate on the sports in which they have a particular level of knowledge, which enables them to comprehend the current game and moves them closer to profitability.
• One of the primary reasons why consumers favor online gambling is the increased safety measures, which include understanding the consumers’ terms and conditions, licenses, and other documents before they start any game. In addition, because in sports betting, the user fully understands the game after it has ended before they invest, they maintain a chance of winning.

Key Market Dynamics

• Since many of them use online gambling platforms, which offer them a variety of games that they can play and win a certain amount of money concerning their wins, the culture of making profits and expanding the individual’s portfolio in terms of revenue has changed along with the consumers’ way of life.
• Eventually, as urbanization continues to advance, games from many countries have spread throughout numerous additional countries, drawing the attention of players as they play them for the first time.
• Additionally, the produced apps offer the users a loyal gesture, which is another important element that attracts their attention to gamble in online mode.
• Casinos around the nation are anticipated to be tremendously successful due to the complex tax structure of the sector. As online gambling becomes increasingly popular, the online betting market is booming. The percentage of female casino visitors is also rising. The convenience of cashless payments for consumers is boosting the online gaming market in the US.
• Further, as the culture of making large profits grows, consumers’ preferences are shifting from games that are not profitable to profitable games. As a result, people prefer these online platforms for gambling because they allow them to enjoy the game while also making a profit, which is one of the key factors driving the growth of the American online gambling market.

Competitive Landscape/ Key Players Insights

Leading businesses in the US online gambling sector are focusing on ongoing innovation to differentiate themselves from the competition and tailor their product offerings for prospective clients. These businesses mostly use mergers and acquisitions, product launches, and partnerships to enter and compete in the gaming industry.

Our market analysis includes a section specifically devoted to key players operating in the US Online Gambling Market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. 

The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.

• 2020: Eldorado Resorts Inc acquired a well-known competitor in this market, Caesars Entertainment Corporation. The primary objective of the company’s action was to broaden its operations through the expansion of its online and offline gaming as well as gambling sectors using the knowledge provided by the acquired firm.

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Browse the full “US Online Gambling Market Size, Trends and Insights, By Sports Betting (Football, Horse Racing, E-sports, Other Sports), By Game Type (Casino, Lottery, Bingo, Poker), By End User (Desktop, Mobile), and By US Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/us-online-gambling-market/

Some of the prominent players

• Rivers Casino
• Cherry Gold Casino
• MGM Resorts International
• 888 Holdings PLC
• Flutter Entertainment
• Eldorado Resorts Inc
• DraftKings
• Churchill Downs
• Golden Nugget
• FanDuel
• PokerStars
• Others

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The US Online Gambling market is segmented as follows:

By Sports Betting

• Football
• Horse Racing
• E-sports
• Other Sports

By Game Type

• Casino
  • Live Casino
  • Baccarat
  • Blackjack
  • Poker
  • Slots
  • Others Casino Games
• Lottery
• Bingo
• Poker

By End User

• Desktop
• Mobile

Click Here to Get a Free Sample Report of the US Online Gambling Market @ https://www.custommarketinsights.com/report/us-online-gambling-market/

On the basis of Geography

• Northeast Region
• Southeast Region
• Midwest Region
• West Coast Region
• Southwest Region
• Mountain States

This Online Gambling Market Research/Analysis Report Contains Answers to the following Questions.

• What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
• Who Are the US Key Players in This Online Gambling Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the US Market Status of the Online Gambling Market? What Was the Capacity, Production Value, Cost and PROFIT of the Online Gambling Market?
• What Is the Current Market Status of the Online Gambling Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Online Gambling Market by Considering Applications and Types?
• What Are Projections of the US Online Gambling Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Online Gambling Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Online Gambling Industry? What are US Macroeconomic Environment Analysis Results? What Are US Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Online Gambling Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Online Gambling Industry?

Click Here to Access a Free Sample Report of the US Online Gambling Market @ https://www.custommarketinsights.com/report/us-online-gambling-market/

Reasons to Purchase Online Gambling Market Report

• Online Gambling Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Online Gambling Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Online Gambling Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Online Gambling Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the US Online Gambling market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Online Gambling market analysis.

• The competitive environment of current and potential participants in the Online Gambling market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

•  Participants and stakeholders worldwide Online Gambling market should find this report useful. The research will be useful to all market participants in the Online Gambling industry.

•  Managers in the Online Gambling sector are interested in publishing up-to-date and projected data about the worldwide Online Gambling market.

•  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Online Gambling products' market trends.

•  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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