Dublin, Aug. 06, 2024 (GLOBE NEWSWIRE) — The “North America Online Gambling Market Size, Share & Trends Analysis Report by Type (Sports Betting, Casinos, Poker, Bingo), Device (Desktop, Mobile), Country, and Segment Forecasts, 2024-2030” report has been added to ResearchAndMarkets.com’s offering.
The North America online gambling market size is anticipated to reach USD 29.38 billion by 2030 and is projected to grow at a CAGR of 12.3% from 2024 to 2030
Shifting consumer preferences towards online and digital experiences have played a crucial role in driving the market growth. Many users prefer the convenience of accessing gambling platforms from their homes or on the go rather than visiting physical casinos or betting shops. The availability of a wide range of online gambling options, including casino games, sports betting, poker, and more, has attracted a diverse audience. Operators offering a comprehensive suite of games and betting options tend to attract and retain more customers.
The integration of innovative payment solutions and financial technologies (fintech) has facilitated transactions within the online gambling ecosystem, driving market growth. The availability of secure and convenient payment methods, including digital wallets, cryptocurrencies, and instant banking options, streamlines players’ deposit and withdrawal process, enhancing the overall user experience. In addition, adopting blockchain technology and smart contracts in online gambling platforms provides transparency and immutability.
The growing acceptance and integration of cryptocurrency and blockchain technology drive the market growth of online gambling. Cryptocurrencies offer advantages such as enhanced security, anonymity, and lower transaction fees. Blockchain technology improves gaming operations’ transparency, fairness, and integrity through decentralized and tamper-proof ledgers. However, regulatory concerns, volatility, and technical barriers to adoption may impede the widespread integration of cryptocurrencies in the North American market.
North America Online Gambling Market Report Highlights
- Based on type, the sports betting segment led the market with the largest revenue share of 49.8% in 2023. Collaborations between gambling software developers and private enterprises to create gaming solutions with user-friendly interfaces have played a pivotal role in expanding the market
- Based on device, the mobile segment is expected to witness at the fastest CAGR during the forecast period, due to advancements in mobile technology, such as faster processors, improved graphics, and seamless connectivity
- U.S. dominated the market with the revenue share of 16.5% in 2023. Legalizing and regulating online gambling in various states has significantly expanded the market’s potential and accessibility
- In May 2022, DraftKings acquired Golden Nugget Online Gaming (GNOG). The acquisition allows DraftKings to tap into new customer demographics by leveraging the established reputation and recognition of the Golden Nugget brand. Furthermore, by integrating GNOG’s unique capabilities, like Live Dealer games, and combining them with DraftKings’ vertically integrated technology stack, the combined entity can deliver an enhanced and diversified gaming experience to its users
Companies Featured
- 888 Holdings PLC
- Bet365 Group Ltd
- Betsson AB
- Boyd Gaming Corp. (BYD)
- DraftKings, Inc
- Kindred Group PLC
- MyBookie
- Penn National Gaming (PENN)
- Playtech
- Sky Betting & Gaming
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $13.08 Billion |
| Forecasted Market Value (USD) by 2030 | $29.38 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | North America |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. North America Online Gambling Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market Drivers Analysis
3.4.1.1. Adoption of AI powered chatbots
3.4.1.2. Gradual legalization and regulation of online gambling
3.4.1.3. The widespread adoption of smartphones and high-speed internet connectivity
3.4.2. Market Restraints Analysis
3.4.2.1. High cost of devices
3.4.3. Industry Opportunities
3.4.3.1. Growing acceptance of fintech
3.4.4. Industry Challenges
3.5. North America Online Gambling Market Analysis Tools
3.5.1. Porter’s Analysis
3.5.2. PESTEL Analysis
Chapter 4. North America Online Gambling Market: Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. North America Online Gambling Market: Type Analysis, 2023 & 2030 (USD Billion)
4.3. Sports Betting
4.3.1. Sports Betting market revenue estimates and forecasts, 2018-2030 (USD Billion)
4.4. Casinos
4.4.1. Casinos market revenue estimates and forecasts, 2018-2030 (USD Billion)
4.4.2. iSlot
4.4.3. iTable
4.4.4. iDealer
4.4.5. Other iCasino Games
4.5. Poker
4.6. Bingo
Chapter 5. North America Online Gambling Market: Device Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. North America Online Gambling Market: Device Analysis, 2023 & 2030 (USD Billion)
5.3. Desktop
5.4. Mobile
Chapter 6. North America Online Gambling Market: Country Estimates & Trend Analysis
6.1. North America Online Gambling Market Share, By Country, 2023 & 2030 (USD Million)
6.1.1. U.S.
6.1.2. Canada
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Market Positioning
7.4. Company Heat Map Analysis
7.5. Strategy Mapping
7.5.1. Expansion
7.5.2. Mergers & Acquisition
7.5.3. Partnerships & Collaborations
7.5.4. New Product Launches
7.5.5. Research and Development
7.6. Company Profiles
7.6.1. Participant’s Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Recent Developments/ Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/z3bwsn
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