Online Gambling Market Size in the US to grow by USD 2.22 Billion | 16.00% YOY Growth in 2022 | 17,000+ Technavio Research Reports – PR Newswire

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Key Market Dynamics:

The easing of government regulations and wider reach of online gambling are some of the key market drivers. The online gambling market in US comprises different types of games, and the rewards also differ from one game to another. The rewards are given in the form of physical goods as well as monetary benefits. However, factors such as frequent changes in gambling lawswill challenge market growth.The online gambling market in US enables players to use virtual money, which has reduced the risks related to cash. Some online casinos pay the winning amount in virtual currency, which can then be used to play other games or may be redeemed for cash. This also helps vendors to keep track of the spending history of customers and create customized marketing plans.

However, the frequent changes in gambling laws will be a major challenge for the online gambling market in the US during the forecast period. Online gambling vendors in the US are wary of the sudden changes in the laws and regulations regarding online gambling since the legalization of online games in the country in 2012. With the Internet boom in the 1990s and the increased popularity of online gambling, the Department of Justice and US Congress explored and examined the existing federal laws to find how to apply them to Internet (online) gambling, which led to the introduction of new US online gambling laws as well.

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Key Segment Highlights

By End-user

By Gender

View our sample reportfor additional insights into the contribution of all the segmentsand regional opportunities

Top Market Player Insights

The online gambling market in the US is fragmented and the vendors are deploying growth strategies such as investing in planning, designing, developing, acquiring new players, and expanding their existing facilities to compete in the market.Vendors are also investing in planning, designing, developing, acquiring new players, and expanding their existing facilities.

Some Companies Mentioned with their Offerings

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Online Gambling Market In US Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 12.47%

Market growth 2022-2026

$ 2.22 billion

Market structure

Fragmented

YoY growth (%)

16.00

Regional analysis

US

Performing market contribution

US at 100%

Key consumer countries

US and Rest of Americas

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

Market Landscape

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[emailprotected]Website:www.technavio.com/

SOURCE Technavio

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Online Gambling Market Size in the US to grow by USD 2.22 Billion | 16.00% YOY Growth in 2022 | 17,000+ Technavio Research Reports - PR Newswire