Us Gambling Market Share
The global gaming market size was valued at USD 97.80 billion in 2016 and is expected to witness remarkable growth over the next eight years. Technological proliferation and innovation in both hardware and software are expected to be key factors driving the market. Global Online Gambling Market Analysis by Application: Introduction; 5.2. Market Size and Forecast by Region; 5.3. Entertainment 5.4. Global Online Gambling Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2012-2028. North America 6.1.1. North America Online Gambling Market.
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the casinos and gambling market and it is poised to grow by $ 82.09 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the casinos and gambling market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
- What are the major trends in the market?
The legalization of gambling is a major trend driving the growth of the market. - At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 10% and the incremental growth of the market is anticipated to be $ 82.09 billion. - Who are the top players in the market?
Boyd Gaming Corp., Caesars Entertainment Corp., Crown Resorts Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Golden Entertainment Inc., Las Vegas Sands Corp., MGM Resorts International, SJM Holdings Ltd., and William Hill Plc, are some of the major market participants. - What is the key market driver?
The growing popularity of online gambling is one of the major factors driving the market - How big is the North America market?
The North America region will contribute 50% of the market share
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Boyd Gaming Corp., Caesars Entertainment Corp., Crown Resorts Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Golden Entertainment Inc., Las Vegas Sands Corp., MGM Resorts International, SJM Holdings Ltd., and William Hill Plc are some of the major market participants. The growing popularity of online gambling will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this casinos and gambling market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Casinos and Gambling Market 2020-2024: Segmentation
Casinos and Gambling Market is segmented as below:
- Platform
- Offline
- Online
- Geography
- APAC
- Europe
- North America
- MEA
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41224
Casinos and Gambling Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The casinos and gambling market report covers the following areas:
- Casinos and Gambling Market Size
- Casinos and Gambling Market Trends
- Casinos and Gambling Market Industry Analysis
This study identifies the legalization of gambling as one of the prime reasons driving the casinos and gambling market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Casinos and Gambling Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist casinos and gambling market growth during the next five years
- Estimation of the casinos and gambling market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the casinos and gambling market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of casinos and gambling market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Platform
- Market segments
- Comparison by Platform
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Platform
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Boyd Gaming Corp.
- Caesars Entertainment Corp.
- Crown Resorts Ltd.
- Flutter Entertainment Plc
- Galaxy Entertainment Group Ltd.
- Golden Entertainment Inc.
- Las Vegas Sands Corp.
- MGM Resorts International
- SJM Holdings Ltd.
- William Hill Plc
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Gambling has spread across the globe. The games evolve every day in every country, and as they do, the laws regarding them also change. What this means that if you play the same games in the US or the UK, it won’t be regulated by the same laws. We are going to talk about the United States and the United Kingdom as they are viewed as one of the world’s largest gambling markets. The amount of money people spent on gambling only in America is close to half a billion a year, and the number keeps growing every day. Not even the state regulations can stop people from doing their favorite pastime. This is what’s interesting about the US; the gambling here is regulated by state laws. What this means is that while’s gambling allowed in Nevada, it is not necessarily so in Utah.
The city of Las Vegas in Nevada is considered a gambling Mecca of the entire world, and the city is renewed for its massive casinos. Here gambling is off the chart, and almost all games are legal, which is the fact that attracts most players. But, as we said, in Utah, there’s no gambling allowed at any level. The work on legalizing gambling in all parts of the States is on the way, as this can bring a massive influx of many to any state. At the same time, this activity is rather popular and, above all, allowed in the United Kingdom. It’s because of this that we find the difference in laws between these two very similar countries fascinating. This is why we’re going to give you on a plate gambling laws in the US & UK compared.
Casino Laws in the US
Let’s talk about how complicated are the laws across the pond. They are, trust us. People who are not US citizens find it hard to grasp their minds around federal, state, and local laws. They’re divided on every level, and even people well versed in law sometimes get confused. Casinos have it the hard way as they need to pay attention to all three subgroups before they launch their business in a particular location.
The first issue online casinos encountered in the US was the 2006 Unlawful Internet Gambling Enforcement Act, which almost made online gambling illegal. It wasn’t illegal per se, but it did prevent the banks from working with transactions related to casinos and gambling. Regardless, it was a massive blow, as once you have winnings on your account, you can’t transfer money to your bank. This was made to prevent people from gambling, but they did it nonetheless, despite the hard effort needed to get their hands on the money.
Us Casino Market Share
Once the online casino popularity exploded in recent years, the US adapted, and many laws and regulations were launched in support of this activity. The last few years truly did help the online casino community in terms of legalization. Because of this, today, we have legal gambling sites in Delaware and New Jersey thanks to licenses being issued for their activity by the state. With all the changes installed in the last few years, the US is becoming an ideal place for online gamblers. Not only that, you can gamble on local websites, but you can also join the ones from out of the state. But be wary if you do this as in some instances, if an issue arises, you won’t have local authorities’ support due to local laws that might not be on your side. The best route to take would be to gamble locally, where the rules are easier to understand, or if you want to go abroad, introduce yourself with laws from the country where you are playing.
Casino Laws in the UK
Thanks to the lack of language barrier in the UK, many players from the US play there. But, what about the laws in the United Kingdom. Don’t worry; they favor the player. Gambling is one of the most popular activities in this country, and it’s because of this, it is entirely legal. Online casinos that follow the rules have no issue getting a gambling license in the Kingdom. The permit is issued by the UK Gambling Commission, which is in charge of gambling in the UK. Once you get their stamp of approval, you’re free to run your business on the Island.
The one thing that you need to be wary of is the standards of privacy that are installed to protect the players. This is what online casinos need to guarantee in order to get a license. In the UK, everyone older than 18 is allowed to participate in gambling. The best part and the reason why people enjoy gambling as much as the fact that their market is over-flooded by quality gambling websites. If you are interested in checking them out, you can read more on this site.
The Difference
Us Sports Gambling Market Share
Above all else, the online casino community is much more opened in the UK. Players have more options, and websites are easier to access. Another difference is that that is in touch with software providers. Some of the best in business, such as Microgaming and Playtech, can’t be found at the US shores. What this means is that some of the best games and massive jackpots can be found only in the UK. Luckily NetEnt games are now available in New Jersey. Luckily, the trend is changing, and America, the country of winners, will try to overtake the UK as the better one country for gamblers. This will happen in due tom as more and more states are legalizing this activity. Pennsylvania, Delaware, New Jersey, and Nevada are already generating massive sums of money, and it’s only a matter of time when the rest is going to follow suit. The best part for the US economy is that they don’t need for all states to legalize to come over on top compared to the UK.