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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Online Gambling Market Size
The North America online gambling market attained a value of USD 13.068 billion in 2023. The market is expected to grow at a CAGR of 9.07% between 2024 and 2032, reaching almost USD 27.567 billion by 2032.
Key Takeaways
- According to 2022 data from Statistics Canada, around 64.5% of Canadians aged 15+ (about 18.9 million people) participated in gambling in 2018.
- The American Gaming Association reports that by January 2024, sports betting is legally regulated in 38 US states, thus, fuelling the North America online gambling market growth.
- The Super Bowl is expected to become the most significant sports betting occasion ever witnessed in the history of the United States.
The North America online gambling market comprises diverse digital platforms and services catering to gambling activities throughout the region. It encompasses a broad spectrum of online gambling types, including sports betting, casino games, poker, lotteries, and various other betting options, all accessible via digital platforms.
Licensed operators and platforms provide these online gambling services, enabling individuals to engage in remote gambling and betting using devices such as computers, smartphones, or other internet-enabled devices. The market reflects a rising inclination towards online gambling, driven by technological advancements like mobile apps, virtual reality, and blockchain, which enhance the overall gambling experience.
Based on Statistics Canada's 2022 statistics, approximately 64.5% of Canadians aged 15 or older, equivalent to 18.9 million individuals, engaged in gambling activities in 2018. This significant participation contributed to the North America online gambling market growth.
North America Online Gambling Market Report Snapshots
North America Online Gambling Market Size
North America Online Gambling Market Trends
North America Online Gambling Companies
North America Online Gambling Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is estimated to be valued at USD 13.068 billion in 2023.
The online gambling market is projected to grow at a CAGR of 9.07% between 2024 and 2032.
The market is expected to witness significant growth to reach a value of about USD 27.567 billion in 2032.
The market is growing due to technological progress, accessibility and convenience, legalisation and regulatory shifts, and passion for sports.
Based on the game type, the online gambling market is divided into sports betting, casino, lottery, and bingo.
Key players in the industry are 888 Holdings, MGM Resorts International, Flutter Entertainment Plc, Caesars Entertainment Inc., PENN Entertainment Inc., Churchill Downs, Inc., Entain Plc, SGHC Ltd. (Betway), DraftKings Inc., Cherry Gold Casino and others.
Based on the device, the online gambling market is divided into desktop and laptops and mobile and tablets
The market is broken down into United States of America and Canada.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124