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US Sports Betting Market: Industry Analysis & Outlook (2018-2022)

US Sports Betting Market: Industry Analysis & Outlook (2018-2022)

Sports betting is a term used for gambling that involves placing a wager, which also called as bet, on the outcome of a sporting event in order to win money. It is one of the most popular forms of gambling which includes wagers placed on sports events such as football, basketball, baseball, hockey, rugby, boxing, horse racing, car racing, tennis and many others. In recent year, sports betting have also been extended to non-athletic events such as reality shows contests, political elections, interest rates, beauty contests and underground fighting.

On May 2018, the federal ban on sports betting was overturned when United States Supreme Court determined the Professional and Amateur Sports Protection Act (PASPA) was unconditional. With this, several states changed their laws with legislation that either legalizes wagering or set to do so. Nevada was the only state to permit a wide variety of legal sports betting that has existed for decades.

Several states such as Louisiana, Connecticut, Mississippi, Maryland, Massachusetts, Missouri, California, South Carolina, Iowa, Illinois, Kansas, Kentucky, Indiana, Michigan, Minnesota, Oklahoma, Ohio and New York began drafting bills to legalize sports betting. New Jersey, Mississippi, Rhode Island, Delaware and West Virginia already passed legislation to legalize sports betting within their states.

The U.S. sports betting market is expected to grow in future due to accelerating economy growth, rising internet penetration, adoption of internet based devices and easy government regulations. Key trends of this market include digitalization, growing betting on e-sports, growing mobile betting and increased penetration of debit and credit card. However, there are some factors which can hinder the growth of sport betting market in the U.S. which includes high tax rates and regulations related to sports betting in some states.

The report “U.S. Sports Betting Market: Industry Analysis & Outlook (2018-2022)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering Nevada and other states. The report profiles the key players of the market including William Hill, GVC Holdings, Paddy Power Betfair and 888 Holdings.


1. Market Overview
1.1 Sports Betting
1.2 History of the U.S. Sports Betting
1.3 The U.S. Sports Betting Regulations
1.4 Legislative Progress across the U.S.
Table 1: The U.S. Sports Betting Legalization Map
1.5 Legal Status of Sports Betting by States
Table 2: Legal Status of Sports Betting by States
2. The U.S. Market
2.1 The U.S. Sports Betting Market Forecast
Table 3: The U.S. Sports Betting Market Forecast (2018-2022)
2.2 The U.S. Sports Betting Market by Channel
Table 4: The U.S. Sports Betting Market by Channel (2018/2022)
2.3 The U.S. Sports Betting Land-Based Market Forecast
Table 5: The U.S. Sports Betting Land-Based Market Forecast (2018-2022)
2.4 The U.S. Sports Betting Online Market Forecast
Table 6: The U.S. Sports Betting Online Market Forecast (2018-2022)
2.5 The U.S. States by Approach to Sports Betting
Table 7: The U.S. States by Approach to Sports Betting (2022)
2.6 The U.S. Sports Betting Market Forecast by States
Table 8: The U.S. Sports Betting Market Forecast by States (2022)
3. Regional Market
3.1 Nevada
3.1.1 Nevada Revenue from Sports Betting
Table 9: Nevada Revenue from Sports Betting (2013-2017)
3.1.2 Nevada Revenue from Sports Betting Forecast
Table 10: Nevada Revenue from Sports Betting Forecast (2018-2022)
3.1.3 Nevada Sports Betting Land-Based Market Forecast
Table 11: Nevada Sports Betting Land-Based Market Forecast (2018-2022)
3.1.4 Nevada Sports Betting Online Market Forecast
Table 12: Nevada Sports Betting Online Market Forecast (2018-2022)
3.1.5 Total Bet in Nevada Sports Betting Market
Table 13: Total Bet in Nevada Sports Betting Market (2013-2017)
3.1.6 Total Bet in Nevada Sports Betting Market Forecast
Table 14: Total Bet in Nevada Sports Betting Market Forecast (2018-2022)
3.1.7 Nevada Sports Betting as % of Total Gaming Revenue
Table 15: Nevada Sports Betting as % of Total Gaming Revenue (2013-2017)
3.1.8 Nevada Sports Betting Market by Sports
Table 16: Nevada Sports Betting Market by Sports (2017)
3.1.9 Nevada Sports Betting Market by Sport
Table 17: Nevada Sports Betting Market by Sport (2013-2017)
3.1.10 Nevada Sports Betting Market by Sport Forecast
Table 18: Nevada Sports Betting Market by Sport Forecast (2018-2022)
3.1.11 Number of Racing & Sports Pool in Nevada
Table 19: Number of Racing & Sports Pool in Nevada (2017)
3.1.12 Nevada Racing & Sports Pool Revenue
Table 20: Nevada Racing & Sports Pool Revenue (2017)
3.2 New Jersey
3.2.1 New Jersey Sports Betting Market Forecast
Table 21: New Jersey Sports Betting Market Forecast (2018-2022)
3.2.2 New Jersey Sports Betting Land-Based Market Forecast
Table 22: New Jersey Sports Betting Land-Based Market Forecast (2018-2022)
3.2.3 New Jersey Sports Betting Online Market Forecast
Table 23: New Jersey Sports Betting Online Market Forecast (2018-2022)
3.3 Delaware
3.3.1 Delaware Sports Betting Market Forecast
Table 24: Delaware Sports Betting Market Forecast (2018-2022)
3.3.2 Delaware Sports Betting Land-Based Market Forecast
Table 25: Delaware Sports Betting Land-Based Market Forecast (2018-2022)
3.3.3 Delaware Sports Betting Online Market Forecast
Table 26: Delaware Sports Betting Online Market Forecast (2018-2022)
3.4 West Virginia
3.4.1 West Virginia Sports Betting Market Forecast
Table 27: West Virginia Sports Betting Market Forecast (2018-2022)
3.4.2 West Virginia Sports Betting Land Based Market Forecast
Table 28: West Virginia Sports Betting Land Based Market Forecast (2018-2022)
3.4.3 West Virginia Sports Betting Online Market Forecast
Table 29: West Virginia Sports Betting Online Market Forecast (2018-2022)
3.5 Mississippi
3.5.1 Mississippi Sports Betting Market Forecast
Table 30: Mississippi Sports Betting Market Forecast (2018-2022)
3.5.2 Mississippi Sports Betting Land Based Market Forecast
Table 31: Mississippi Sports Betting Land Based Market Forecast (2018-2022)
3.5.3 Mississippi Sports Betting Online Market Forecast
Table 32: Mississippi Sports Betting Online Market Forecast (2018-2022)
3.6 New York
3.6.1 New York Sports Betting Market Forecast
Table 33: New York Sports Betting Market Forecast (2018-2022)
3.6.2 New York Sports Betting Land-Based Market Forecast
Table 34: New York Sports Betting Land-Based Market Forecast (2018-2022)
3.6.3 New York Sports Betting Online Market Forecast
Table 35: New York Sports Betting Online Market Forecast (2018-2022)
3.7 Michigan
3.7.1 Michigan Sports Betting Market Forecast
Table 36: Michigan Sports Betting Market Forecast (2018-2022)
3.7.2 Michigan Sports Betting Land-Based Market Forecast
Table 37: Michigan Sports Betting Land-Based Market Forecast (2018-2022)
3.7.3 Michigan Sports Betting Online Market Forecast
Table 38: Michigan Sports Betting Online Market Forecast (2018-2022)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Accelerating Economy Growth
Table 39: The U.S. GDP (2013-2017)
4.1.2 Rising Internet Penetration
Table 40: Number of Internet Users in the U.S. (2013-2017)
4.1.3 Adoption of Internet Based Devices
Table 41: Internet of Things (IoT) Connected Devices (2017-2022)
4.1.4 Easy Government Regulations
4.2 Key Trends & Developments
4.2.1 Digitalization in Sports Betting
4.2.2 Growing Betting on Video Sports/E-Sports
4.2.3 Growing Mobile Betting
4.2.4 Increased Penetration of Debit and Credit Card
4.3 Challenges
4.3.1 High Tax Rates
Table 42: Sports Betting Taxation Rates across the U.S. (2017)
4.3.2 Regulations on Betting in Some States
5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue and Market Cap Comparison
Table 43: Key Players - Revenue & Market Cap Comparison (2017)
5.2 The U.S.
5.2.1 The U.S. Online Sports Betting Revenue by Company
Table 44: The U.S. Online Sports Betting Revenue by Company (2017)
5.2.2 The U.S. Sports Betting Market Access to Key States by Company
Table 45: The U.S. Sports Betting Market Access to Key States by Company (May 2018-Nov 2018)
6. Company Profiles
6.1 William Hill Plc.
6.1.1 Business Overview
Table 46: William Hill Plc. Revenue by Segment (2017)
6.1.2 Financial Overview
Table 47: William Hill Plc. Revenue and Profit (Loss) (2013-2017)
6.1.3 Business Strategies
6.2 Paddy Power Betfair Plc.
6.2.1 Business Overview
Table 48: Paddy Power Revenue by Segment (2017)
6.2.2 Financial Overview
Table 49: Paddy Power Revenue (2013-2017)
6.2.3 Business Strategies
6.3 888 Holdings Plc.
6.3.1 Business Overview
Table 50: 888 Holdings Plc. Revenue by Segment (2017)
6.3.2 Financial Overview
Table 51: 888 Holdings Plc. Revenue (2013-2017)
6.3.3 Business Strategies
6.4 GVC Holdings
6.4.1 Business Overview
Table 52: GVC Holdings Revenue by Divisions (2017)
6.4.2 Financial Overview
Table 53: GVC Holdings Revenue and Net Income (2013-2017)
6.4.3 Business Strategies

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