Published on : Oct 12, 2016
ALBANY, NY, Oct 12, 2016: The report, titled “ Online Gambling Market in the US 2016-2020,” provides an in-depth market assessment, emphasizing on its key trends and future prospects. Thanks to the increasing penetration of computing and mobile devices, online gambling has expanded tremendously in the U.S. over the last few years. As per the research report, the U.S. market for online gambling is likely to continue to grow exponentially at a CAGR of 51.71% during the period from 2016 to 2020. The rising number of online casinos, coupled with the increasing emphasis on customer-centric rewards, is projected to boost the U.S online gambling market remarkably in the near future.
In this study, the U.S. market for online gambling has been studied on basis of the type and the device. By the type of online gambling, the market has been categorized into online betting and online casino. The online betting segment has surfaced as the key contributor to this market and is likely to remain the same during the forecast period, expanding at a CAGR of nearly 59%.
The legalization of sports betting in various U.S. states, such as Indiana, New York, Mississippi, Texas, Minnesota, and South Carolina is the key driving force behind the rise of this segment. The easing federal laws are also projected to attract more revenues to the U.S. online gambling market over the forecast period, states the research report.
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Based on the device, the report segments the U.S. online gambling market into computing devices and mobile devices. The computing devices segment led the overall market in 2015 with a share of nearly 69%. The rise in the preference of gamblers for a larger display size for an enhanced gaming experience is boosting the demand for computing devices for online gambling. Going forward, the benefits offered by these devices, such as easy navigation due to a bigger display, are likely to increase their popularity in the coming years, owing to which, the segment is estimated to expand at a healthy CAGR of almost 43% during the forecast period, reports the study.
In conclusion, the report presents a competitive analysis of the U.S. market for online gambling. As per the study, the leading participants in this market are Betfair Online Casino, 888.com, Borgata Hotel Casino & Spa, and Dover Downs. Other prominent providers of online gambling services in the U.S. are BetAmerica, Delaware Park, Fan duel, Draft Kings, Golden Nugget Online Casino, Pala Casino, Harrington Gaming online, Real Gaming, TVG, Resorts Online Casino, twinspires, WorldWinner, Watch and Wager, and WSOP.
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