GITNUX REPORT 2024

US Online Gambling Industry Statistics: A Billion-Dollar Market Analysis

$5.5 billion by 2025: Inside the Explosive Growth of the Online Gambling Industry in the US.

Author: Jannik Lindner

First published: 7/17/2024

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The average annual spending per person on online gambling in the US is $372.

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Around 30% of Americans have participated in some form of online gambling in the past year.

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46% of US online gamblers prefer to play casino games.

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73% of Americans believe that online gambling should be legalized nationwide.

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56% of online gamblers in the US bet on sports events.

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68% of online gamblers in the US are male.

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The average age of online gamblers in the US is 35-44 years old.

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52% of online gamblers in the US have a household income of over $75,000.

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65% of online gamblers in the US are aged between 25 and 44.

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19 states in the US have legalized online sports betting.

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Nevada was the first state to legalize online gambling in 2013.

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It is estimated that the US online gambling market will reach $5.5 billion by 2025.

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Online poker revenue in the US is expected to reach $1.9 billion by 2025.

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The total online gambling handle in the US reached $60.6 billion in 2021.

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The most popular online gambling platform in the US is DraftKings, with a market share of 25%.

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Online sports betting is expected to contribute $38 billion to the US online gambling market by 2025.

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By 2025, online casinos are projected to hold a market share of 44% in the US online gambling industry.

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The number of online gambling operators in the US has grown by 30% in the past three years.

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By 2024, mobile gambling in the US is expected to make up 59% of total online gambling revenue.

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The number of active online gambling accounts in the US is projected to reach 66.4 million by 2023.

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California has the potential to become the largest online gambling market in the US.

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The US online gambling market is expected to grow at a CAGR of 15.41% from 2021 to 2026.

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The top three online gambling states in the US are New Jersey, Pennsylvania, and Nevada.

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Online gambling revenue in the US is expected to exceed $112 billion by 2025.

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The average annual growth rate of the US online gambling market is projected to be 11.4% from 2021 to 2026.

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The number of online gambling licenses issued in the US has grown to over 1,000.

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The number of online gambling transactions in the US is expected to reach 100 million by 2023.

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The US online gambling market is estimated to have a compound annual growth rate of 17.8% from 2021 to 2026.

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Online sports betting accounted for 48% of the total US online gambling revenue in 2020.

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In 2021, online casinos generated $430 million in revenue in the US.

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New Jersey is the largest online gambling market in the US, with $931 million in revenue in 2021.

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Michigan saw a record online gambling revenue of $377.4 million in 2021.

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Online gambling accounts for 33% of total gambling revenue in the US.

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Over 80% of online gambling revenue in the US comes from casino games.

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Online poker revenue in the US reached $1.8 billion in 2020.

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Online gambling revenue in the US increased by 292% between 2015 and 2020.

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In 2020, the online gambling market in the US was valued at $2.3 billion.

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79% of US online gambling revenue comes from mobile devices.

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38% of online gambling revenue in the US is generated by online poker.

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Pennsylvania saw a 24% increase in online gambling revenue in 2021 compared to 2020.

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Summary

  • In 2020, the online gambling market in the US was valued at $2.3 billion.
  • It is estimated that the US online gambling market will reach $5.5 billion by 2025.
  • Online sports betting accounted for 48% of the total US online gambling revenue in 2020.
  • The number of active online gambling accounts in the US is projected to reach 66.4 million by 2023.
  • In 2021, online casinos generated $430 million in revenue in the US.
  • New Jersey is the largest online gambling market in the US, with $931 million in revenue in 2021.
  • The average annual spending per person on online gambling in the US is $372.
  • 79% of US online gambling revenue comes from mobile devices.
  • Around 30% of Americans have participated in some form of online gambling in the past year.
  • 46% of US online gamblers prefer to play casino games.
  • Online poker revenue in the US is expected to reach $1.9 billion by 2025.
  • California has the potential to become the largest online gambling market in the US.
  • The US online gambling market is expected to grow at a CAGR of 15.41% from 2021 to 2026.
  • The total online gambling handle in the US reached $60.6 billion in 2021.
  • 19 states in the US have legalized online sports betting.

In a world where clicks can lead to wins or losses, the online gambling industry in the US is booming like a jackpot on a winning streak. With the market valued at a staggering $2.3 billion in 2020 and set to skyrocket to $5.5 billion by 2025, its clear that Americans are embracing the digital age of betting with open wallets and eager thumbs. From the rise of online sports betting claiming nearly half of the revenue to the projected 66.4 million active accounts by 2023, the dice are rolling in favor of this virtual gambling extravaganza. So, grab your devices, place your bets, and let the virtual chips fall where they may in this high-stakes digital realm where the numbers never lie, but we sure love to gamble on them.

Consumer Behavior

  • The average annual spending per person on online gambling in the US is $372.
  • Around 30% of Americans have participated in some form of online gambling in the past year.
  • 46% of US online gamblers prefer to play casino games.
  • 73% of Americans believe that online gambling should be legalized nationwide.
  • 56% of online gamblers in the US bet on sports events.

Interpretation

In a society where the thrill of the digital dice roll competes with the safety of a solid paycheck, it's no wonder that Americans are hedging their bets online. With an average annual spend of $372 per person, it seems we're willing to gamble on more than just our luck. A whopping 30% of us have tried our hand at online gaming in the past year, with nearly half favoring the chime of the virtual casino. As the debate rages on, it's clear that the majority of our fellow citizens are willing to roll the dice on the future of nationwide legalization. And when push comes to shove, over half of us are putting our money where our mouth is, betting on the unpredictable outcomes of sports events. As the saying goes, in this game of chance, the stakes are high both on the screen and in society.

Demographic Insights

  • 68% of online gamblers in the US are male.
  • The average age of online gamblers in the US is 35-44 years old.

Interpretation

In the ever-evolving world of online gambling in the US, the stats don't lie: apparently, it's mostly the gentlemen who are rolling the dice and hitting the virtual tables, outnumbering the fairer sex. And it seems that the age-old saying "age is just a number" holds true in this case, as the average online gambler falls nicely in the sweet spot of 35-44 years old, proving that when it comes to taking risks in the digital realm, experience and maturity may just be the winning hand.

Demographic Insights:

  • 52% of online gamblers in the US have a household income of over $75,000.
  • 65% of online gamblers in the US are aged between 25 and 44.

Interpretation

The statistics on the online gambling industry in the US reveal a fascinating intersection of wealth and age demographics. With 52% of online gamblers boasting a household income of over $75,000, it seems that hitting the jackpot isn't just a game of chance but also a reflection of financial success. Furthermore, the fact that 65% of these players fall within the 25-44 age group suggests that the younger generation is leading the charge in this virtual casino revolution, proving that when it comes to taking risks, both online and offline, the millennials and Gen Z are all in.

Legalization and Regulation

  • 19 states in the US have legalized online sports betting.

Interpretation

With 19 states in the US now allowing online sports betting, it seems the tables have turned in favor of the digital world. As more and more states hop on the online gambling bandwagon, one can't help but wonder if this is a safe bet for the future of the gambling industry or if we are simply raising the stakes on a risky game of chance. As the saying goes, "May the odds be ever in our favor."

Legalization and Regulation:

  • Nevada was the first state to legalize online gambling in 2013.

Interpretation

Nevada's decision to legalize online gambling in 2013 can be seen as a bold move that laid the foundation for the rise of the digital betting landscape in the United States. Like a high-roller at the poker table, Nevada took a gamble on the potential of online gaming and hit the jackpot. As other states now follow suit, it's clear that this initial risk has paid off, showing that when it comes to regulating online gambling, Nevada was not afraid to go all-in.

Market Growth Projections

  • It is estimated that the US online gambling market will reach $5.5 billion by 2025.
  • Online poker revenue in the US is expected to reach $1.9 billion by 2025.
  • The total online gambling handle in the US reached $60.6 billion in 2021.
  • The most popular online gambling platform in the US is DraftKings, with a market share of 25%.
  • Online sports betting is expected to contribute $38 billion to the US online gambling market by 2025.
  • By 2025, online casinos are projected to hold a market share of 44% in the US online gambling industry.
  • The number of online gambling operators in the US has grown by 30% in the past three years.
  • By 2024, mobile gambling in the US is expected to make up 59% of total online gambling revenue.

Interpretation

As the US online gambling industry's numbers continue to skyrocket faster than a roulette wheel on a winning streak, it’s clear that hitting the jackpot is no longer just confined to the traditional brick-and-mortar casinos. With projections soaring higher than a gambler's hopes for a royal flush, it seems that the online gambling landscape is not just a roll of the dice anymore—it’s a calculated bet on the digital frontier. As DraftKings sits atop the online gambling throne with a market share that would make any competitor sweat, it’s evident that the house doesn’t always win in this ever-evolving game of chance. So, buckle up and place your bets, because in this fast-paced world of digital risks and rewards, the stakes are higher than ever, and the only certainty is that the odds are always changing.

Market Growth Projections:

  • The number of active online gambling accounts in the US is projected to reach 66.4 million by 2023.
  • California has the potential to become the largest online gambling market in the US.
  • The US online gambling market is expected to grow at a CAGR of 15.41% from 2021 to 2026.
  • The top three online gambling states in the US are New Jersey, Pennsylvania, and Nevada.
  • Online gambling revenue in the US is expected to exceed $112 billion by 2025.
  • The average annual growth rate of the US online gambling market is projected to be 11.4% from 2021 to 2026.
  • The number of online gambling licenses issued in the US has grown to over 1,000.
  • The number of online gambling transactions in the US is expected to reach 100 million by 2023.
  • The US online gambling market is estimated to have a compound annual growth rate of 17.8% from 2021 to 2026.

Interpretation

The future of online gambling in the US isn't just a roll of the dice; it's a strategic play with high stakes. With projections pointing towards 66.4 million active accounts by 2023 and California eyeing the title of top market contender, the industry is on a winning streak. The numbers speak volumes – a 15.41% growth rate, top players like New Jersey, Pennsylvania, and Nevada leading the pack, and revenue set to soar above $112 billion by 2025. With over 1,000 licenses already issued and a projected 100 million transactions on the horizon, it's clear that online gambling is no longer just a side hustle – it's a full-blown powerhouse poised for exponential growth at an annual rate of 11.4% to 17.8%. The gamble? Betting against an industry on the rise would be the riskiest move of all.

Revenue Statistics

  • Online sports betting accounted for 48% of the total US online gambling revenue in 2020.
  • In 2021, online casinos generated $430 million in revenue in the US.
  • New Jersey is the largest online gambling market in the US, with $931 million in revenue in 2021.
  • Michigan saw a record online gambling revenue of $377.4 million in 2021.
  • Online gambling accounts for 33% of total gambling revenue in the US.
  • Over 80% of online gambling revenue in the US comes from casino games.
  • Online poker revenue in the US reached $1.8 billion in 2020.
  • Online gambling revenue in the US increased by 292% between 2015 and 2020.

Interpretation

In the world of online gambling, the numbers tell a fascinating tale of dollars placed and fortunes won. From the rise of online sports betting to the dominance of casino games, the industry in the US has been a cash cow, with New Jersey leading the stampede. With record revenues pouring in from Michigan to online poker tables nationwide, it's clear that the virtual dice are rolling in favor of the house. But as we marvel at the exponential growth in revenue over the years, one can't help but wonder if Lady Luck is smiling or if we're all just playing a high-stakes game of chance in the digital age.

Revenue Statistics:

  • In 2020, the online gambling market in the US was valued at $2.3 billion.
  • 79% of US online gambling revenue comes from mobile devices.
  • 38% of online gambling revenue in the US is generated by online poker.
  • Pennsylvania saw a 24% increase in online gambling revenue in 2021 compared to 2020.

Interpretation

In the realm of online gambling in the US, the numbers paint a vibrant picture of a market that is not just rolling the dice, but strategically placing its bets. With a value of $2.3 billion and a whopping 79% of revenue flowing in through mobile devices, it’s clear that Americans are choosing to spin the wheel with the flick of a finger. And let’s not forget the card sharks out there – online poker lovers are not holding back, accounting for 38% of the industry's revenue. Pennsylvania, in particular, seems to have upped its ante, showing a solid 24% increase in online gambling revenue from 2020 to 2021, making it evident that in the game of online gambling, some states are clearly hitting the jackpot.

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