North America Online Gambling Market Introduction and Overview
According to SPER Market Research, the North America Online Gambling Market is estimated to reach USD XX billion by 2033 with a CAGR of 12.07%.
The report includes an in-depth analysis of the North America Online Gambling Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "online gambling" describes the activity of taking part in different online wagering or games of chance. It includes a broad variety of endeavors, such as virtual betting, sports betting, poker, and casino games like roulette, blackjack, and slots. Users can access these activities via websites and mobile applications offered by online gambling platforms, which enable them to gamble or play games either at home or on the go. Convenience, accessibility, and the possibility of large winnings are the main draws of online gambling.
- In July 2022: Caesars Entertainment sold William Hill's non-US operations to 888 Holdings. One well-known brand of online gambling is William Hill.
- Golden Nugget Online Gaming was acquired by DraftKings in May 2022 (GNOG). Through this acquisition, DraftKings will be able to leverage the well-known Golden Nugget brand to expand into new client demographics. The merged company's gaming product offerings will also be enhanced by GNOG's unique capabilities, like Live Dealer, and DraftKings' vertically integrated software stack.
Market Opportunities and Challenges
Opportunities: The market is growing because more people are using the internet and internet-based devices. The market for online gambling in North America will expand as more individuals use the internet and internet-connected gadgets like smartphones and tablets. This is due to the fact that users will have access to gaming websites at all times. Furthermore, Advances in internet, phone, and energy connectivity have led to a growth in the online gambling sector in North America. Online casinos are now fiercely competitive and play a significant role in both the social and economic life of North America as the industry for online gambling continues to grow. Online casinos are growing in popularity in North America.
Challenges: There are a number of major obstacles facing the internet gaming sector in North America. The main challenge is the uneven enforcement of laws in several states and provinces in the area, resulting in a disjointed market with disparate legal structures and authorization prerequisites. The lack of clarity surrounding regulations can impede the development and growth of online gambling businesses by restricting their capacity to provide services beyond state or provincial borders, increasing operational complexity and expenses associated with compliance. Furthermore, arguments concerning regulations are made more complex by worries about consumer protection and responsible gaming, which may call for strict restrictions to lessen possible harm.
Market Competitive Landscape
The online gambling market in North America is extremely fragmented and includes both domestic and international operators, including DraftKings (Golden Nugget), MGM Resorts International (Borgata Hotel Casino & Spa), 888 Holdings PLC, Caesars Entertainment Corporation, and Flutter Entertainment PLC. To increase their brand portfolio and reach a wider audience in the local market, major firms are concentrating on mergers and acquisitions. This allows them to better serve the diverse range of consumer preferences.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Game Type, By Device
|
| Regions covered | US, Canada, Rest of North America
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| Companies Covered | 888 Holding PLC, BoVegas, Caesars Entertainment Corporation, Cherry Gold Casino, DraftKings, El Royale Casino, Flutter Entertainment PLC, MGM Resorts International (Borgata Hotel Casino & Spa), Slots Empire Casino, The Stars Group Inc, Wild Casino, Others
|
COVID-19 Impact on North America Online Gambling Market
The COVID-19 outbreak brought up both opportunities and challenges for the North American online gaming business. Traditional brick-and-mortar casinos faced closure due to lockdowns and social distancing measures, which led to an increase in online gambling. People's already increasing propensity towards digital platforms was amplified by this change as they looked for amusement and escape from the restrictions of their homes. Operators of online casinos saw a dramatic rise in both income and customer engagement as a result. Nonetheless, regulatory obstacles continued to exist, with many regions strengthening limitations on internet gaming in order to tackle issues related to addiction and underage involvement.
Key Target Audience:
- Adult Gamblers
- Casino Enthusiasts
- Sports Fans
- Tech-Savvy Individuals
- Entertainment Seekers
- Social Gamblers
- Mobile Users
Our in-depth analysis of the North America Online Gambling Market includes the following segments:
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By Game Type: |
Live Casino
Slots
Baccarat
Blackjack
Poker
|
|
By Device: |
Desktop
Mobile
|
|
By Region:
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US
Canada
Rest of North America
|
Key Topics Covered in the Report:
- North America Online Gambling Market Size (FY’2024-FY’2033)
- Overview of North America Online Gambling Market
- Segmentation of North America Online Gambling Market By Game Type (Sports Betting, Casino, Others)
- Segmentation of North America Online Gambling Market By Device (Desktop
- Mobile)
- Expansion Analysis of North America Online Gambling Market
- Problems and Obstacles in North America Online Gambling Market
- Competitive Landscape in the North America Online Gambling Market
- Impact of COVID-19 and Demonetization on North America Online Gambling Market
- Details on Current Investment in North America Online Gambling Market
- Competitive Analysis of North America Online Gambling Market
- Prominent Players in the North America Online Gambling Market
- SWOT Analysis of North America Online Gambling Market
- North America Online Gambling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Online Gambling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Online Gambling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Online Gambling Market
7. North America Online Gambling Market, By Game Type (USD Million)
7.1. North America Online Gambling Market Value Share and Forecast, By Game Type, 2024-2033
7.2. Sports Betting
7.3. Casino
7.3.1. Live Casino
7.3.2. Slots
7.3.3. Baccarat
7.3.4. Blackjack
7.3.5. Poker
7.3.6. Others
7.4. Others game type
8. North America Online Gambling Market, By Device (USD Million)
8.1. North America Online Gambling Market Value Share and Forecast, By Device, 2024-2033
8.2. Desktop
8.3. Mobile
9. North America Online Gambling Market Forecast, 2020-2033 (USD Million)
9.1. North America Online Gambling Market Size and Market Share
10. North America Online Gambling Market, By Game Type, 2020-2033 (USD Million)
10.1. North America Online Gambling Market Size and Market Share By Game Type (2020-2026)
10.2. North America Online Gambling Market Size and Market Share By Game Type (2027-2033)
11. North America Online Gambling Market, By Device, 2020-2033 (USD Million)
11.1. North America Online Gambling Market Size and Market Share By Device (2020-2026)
11.2. North America Online Gambling Market Size and Market Share By Device (2027-2033)
12. North America Online Gambling Market, By Region, 2020-2033 (USD Million)
12.1. North America Online Gambling Market Size and Market Share By Region (2020-2026)
12.2. North America Online Gambling Market Size and Market Share By Region (2027-2033)
12.3. US
12.4. Canada
12.5. Rest of North America
13. Company Profile
13.1. 888 Holding PLC
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. BoVegas
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Caesars Entertainment Corporation
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Cherry Gold Casino
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. DraftKings
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. El Royale Casino
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Flutter Entertainment PLC
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. MGM Resorts International (Borgata Hotel Casino & Spa)
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Slots Empire Casino
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. The Stars Group Inc
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Wild Casino
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
