The online gambling industry in the US is growing rapidly, with more and more people turning to online gambling as a form of entertainment. With the rise of online gambling, it is important to understand the statistics and trends in the industry.
This market data report will provide an overview of the online gambling industry in the US, including the latest statistics and trends. We will also discuss the legal and regulatory landscape of the industry, as well as the potential implications for the future. Finally, we will provide some tips and advice for those looking to get involved in the online gambling industry.
Online Gambling Industry In The US Statistics Overview
The size of the online gambling market in the United States rose to 9.5 billion U.S. dollars in 2021, representing a 0.8 billion U.S. dollar increase on the previous year.
This shows that the online gambling industry in the United States is growing and that sports betting is the most popular type of it. This growth can be attributed to the increased availability of online gambling platforms and the convenience of being able to gamble from home.
In 2021, nearly 10% of U.S. adults gambled online or in-person at least once a week, and the size of the online gambling market in the U.S. increased from 8.7 billion to 9.5 billion U.S. dollars.
The majority of casino mobile game players in the US in the second quarter of 2020 were aged between 45 and 54 (21%) and 35 to 44 (19%), while only 10% were younger than 24.
The majority of players are older adults, indicating that this is an industry that is more popular among older generations. This information can be used by online gambling companies to target their marketing and advertising efforts to this demographic.
The majority of casino visitors in the US in 2010 were aged 50-64 (33%) and 65+ (25%), with 21% aged between 35-49.
32% of respondents participated in sports betting, while 31% participated in lottery draws – this statistic matters in the context of online gambling in the US because it shows that sports betting is the most popular type of online gambling in the US.
In 2012, 53% of American adults participated in the lottery, 32% in casino gambling, 26% in casual betting with friends, and 12% in poker.
By 2023, the number of online sports bettors in the US is expected to reach 19 million and continue to grow. With more states legalizing online sports betting, the industry is expected to continue to grow and provide more opportunities for businesses and consumers alike.
Online sports betting is expected to grow significantly in the coming years, with the number of online sports bettors forecasted to increase from 19 million in 2022 to 23.1 million in 2023.
DKNG experienced an 88.9% annual revenue growth over the past three years due to quick expansion into gaming markets across the US.
This indicates that DKNG has been able to capitalize on the growing demand for online gambling services and products.
DraftKings was the most used sports betting service in the US in December 2021, with 51% of regular sports bettors using it.
Conclusion
The online gambling industry in the US is a rapidly growing sector that is expected to continue to expand in the coming years. With the legalization of sports betting in many states, the industry is likely to experience even more growth.
The industry is also becoming increasingly regulated, which is helping to ensure the safety of players and the integrity of the games. As it continues to grow, it is important for players to be aware of the risks associated with online gambling and to practice responsible gaming. With the right precautions, the US online gambling industry can be a safe and enjoyable experience for all.
References
1 – https://www.statista.com/statistics/1318601/online-gambling-market-size-us/
2 – https://www.statista.com/topics/9667/online-gambling-in-the-united-states/#topicOverview
3 – https://www.statista.com/statistics/1266014/casino-gaming-app-players-us-by-age/
4 – https://www.statista.com/statistics/188424/percentage-distribution-of-casino-visitors-in-the-us-by-age-2010/
5 – https://www.statista.com/topics/9667/online-gambling-in-the-united-states/#topicOverview https://www.statista.com/statistics/1279370/top-types-of-online-gambling-us/
6 – https://www.statista.com/statistics/188405/participation-in-different-types-of-gambling-in-the-us-2010/
7 – https://www.statista.com/statistics/1299495/forecast-number-of-online-sports-bettors-us/
8 – https://www.statista.com/topics/9667/online-gambling-in-the-united-states/#topicOverview
9 – https://seekingalpha.com/article/4570400-draftkings-could-buck-growth-estimates-heres-how
10 – https://www.statista.com/statistics/1199493/sports-betting-companies-most-used-us/
WifiTalents, cited April 2024: Online Gambling Industry In The Us
