Online gambling including the Bizzo Casino is growing in popularity in the US, driven by consumer demand for quick profit generation and capital portfolio expansion. The internet betting market is segmented by game type and end-user, with casino games emerging as a fast-growing category in the online betting market. The introduction of virtual reality, blockchain and mobile platforms in cyber gambling has further driven market growth. Key trends include a growing gambling culture and an emerging sports betting segment in the digital betting industry.
Analysis of the US online gambling market
The online gambling market size in the US is estimated at USD 5.12 billion in 2024 and is expected to reach USD 10.98 billion by 2029, representing a compound annual growth rate of 16.52% during the forecast period (2024-2029). After the pandemic, the market gained momentum and the money supply chain changed. Consumers looked for specific platforms to promote their capital portfolio. For example, some of the consumers invested in stocks, while others preferred online gambling platforms They were offered with multiple game types and also easily generated profits from the invested capital. As a result, the pandemic has led to growth in the US online gambling market from the third quarter of the 2021 financial year. The increasing desire of consumers to make profits in a short period of time is one of the main reasons for the upswing in the US online gambling market. In addition, gamers in the country are often considered digital natives and are widely believed to be heavily reliant on technology.
Currently, New Jersey is the largest market for regulated online gambling in the United States. Over a dozen legal and licensed online casino sites and poker rooms compete for an overall market. There are several sports betting and online sports betting apps in the state. In addition, casino gambling is one of the fastest growing categories of online gambling. Due to its convenience and optimal user experience. With the advent of technology, there has been a widespread implementation of virtual reality, blockchain and mobile platforms in the gambling industry worldwide. As a result, providers are using software providers such as Evolution Gaming to integrate and evolve consumer gaming experiences. Furthermore, the live casino market in the country is still in its infancy due to strict regulations. However, software providers such as Ezugi and Evolution Gaming have obtained licenses to offer their live dealer games in New Jersey.
Other facts
The US online gambling market is expected to reach a volume of 5.12 billion US dollars in 2024. And grow at an annual growth rate of 16.52% to 10.98 billion US dollars by 2029.
How big is the online gambling market in the USA today?
In 2024, the size of the US online gambling market is expected to reach 5.12 billion US dollars.
Who are the main players in the US online gambling market?
MGM Resorts International, Cherry Gold Casino, Caesars Entertainment, Inc, 888 Holdings PLC, Flutter Entertainment PLC are the largest companies operating in the US online gambling market.
What years does this US online gambling market cover and how big was the market in 2023?
In 2023, the US online gambling market size was estimated at $4.39 billion. The report covers the historical market size of the US online gambling market for the years 2018, 2019, 202
