DUBLIN–(BUSINESS WIRE)–The “United States Online Gambling Market- Growth, Trends and Forecasts (2020-2025)” report has been added to ResearchAndMarkets.com’s offering.
The United States online gambling market is projected to register a CAGR of 15.41% during the forecast period (2020 – 2025)
Key Market Trends
Live Casino Gaining Momentum in The Country
The live casino market is still at nascent stage in the country, owing to its stringent regulations. However, software providers, like Ezugi and Evolution gaming, have been granted licenses to provide their live deal games in New Jersey. Thus, global players are investing significantly and entering into this market, in order to broaden their geographical presence and customer base.
For instance, In January 2018, Evolution Gaming opened its first live casino studio in Vancouver. The New Jersey studio offers ten tables of various games, including American Roulette, Blackjack, Baccarat, and Slingshot Roulette. Moreover, Evolution Gaming signed contracts with several licensed operators, such as Ocean Resort Casino, Hard Rock Hotel & Casino Atlantic City, 888casino, and PokerStars Casino New Jersey.
Apart from key players, software providers are also embarking on mergers and acquisitions as one of their key strategies to achieve consolidation and optimize their offerings. For instance, in January 2019, Evolution gaming acquired live dealer gaming provider Ezugi. Ignition Casino, BetOnline, MyBookie, Bovada, 5Dimes, and The BoVegas Casino are some of the prominent players offering live casino games across the country.
Pennsylvania is The Fastest Growing Market
Pennsylvania is the fourth and biggest state to legalize and regulate online gambling. The new law allows for online casinos, online poker, sports betting, and more. Casino gaming (including slots and casino table games, such as roulette and blackjack), poker, sports/horse race betting, and fantasy betting are regulated by the Pennsylvania Gaming Control Board, whereas lotteries are regulated by the Pennsylvania Lottery.
Also, as per the data published by the American Gaming Association, the total gross gaming revenue of Pennsylvania casinos amounted to approximately USD 3226.92 million in 2017, which was the second-highest after Nevada. Therefore, regulation of online casinos in the state is expected to increase the number of downloads of various online casino games and add more revenues in the overall online gambling market.
After the imminent launch of internet gambling in 2019 in the state of Pennsylvania, the companies are forming partnerships, to handle the spur of demand for these online casino platforms and provide consumers with better online casino-playing experience
Key Topics Covered:
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5. MARKET SEGMENTATION
5.1 By Game Type
5.1.1 Sports Betting
184.108.40.206 Live Casino
220.127.116.11 Other Casino Games
5.1.3 Other Game Types
5.2 By End User
5.3 By Geography
5.3.1 New Jersey
5.3.5 Rest of the United States
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Key Players
6.2 Most Active Companies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 William Hill PLC
6.4.2 MGM Resorts International (Borgata Hotel Casino & Spa)
6.4.3 Flutter Entertainment PLC
6.4.4 Caesars Entertainment Corporation
6.4.5 Wild Casino
6.4.6 El Royale Casino
6.4.7 DraftKings Inc.
6.4.8 888 Holding PLC
6.4.9 Lotto Direct Limited
6.4.10 Bet 365
6.4.12 Golden Nugget Hotels and Casinos
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE ONLINE GAMBLING MARKET
For more information about this report visit https://www.researchandmarkets.com/r/dn8kx