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.
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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
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Online Gambling Market Variables, Trends, & Scope
Chapter 4. North America Online Gambling Market: Type Estimates & Trend Analysis
Chapter 5. North America Online Gambling Market: Device Estimates & Trend Analysis
Chapter 6. North America Online Gambling Market: Country Estimates & Trend Analysis
Chapter 7. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | June 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 13.08 Billion |
| Forecasted Market Value ( USD | $ 29.38 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
