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Online Gambling Services in the US - Industry Market Research Report

Publisher IBISWorld
Published Jan 26, 2024
Length 45 Pages
SKU # IBSS18494460

Description

Online Gambling Services in the US - Industry Market Research Report


Online Gambling Services in the US

Online gambling services in the US are hosted on internet platforms which enable consumers to wager on events such as digital table games or other sporting events, like horse racing. This relatively small but robust industry has sought to capture more consumer demand for gambling services by branching out into hosting online platforms. Other players in the sports betting segment are newer, online-based endeavors, such as DraftKings, which entered the industry in 2018. In 2020, despite the outbreak of COVID-19, the industry experienced booming growth, though rising operating costs hindered profit. Demand rose as leisure time and disposable income both increased, benefiting operators in states which had legalized online gambling. Over the five years to 2023, the industry is expected to grow at a CAGR of 36.0% in revenue to reach $4.8 billion, including an estimated decline of 8.9% in 2023 alone.

Companies in this industry enable users to place bets online. These bets include digital table games and sports bets.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

45 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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