United States Sports Betting (Land-Based & Online) Market Insights, 2019-2023 - Leading Players are William Hill, Paddy Power Betfair, 888 Holdings, GVC Holdings, Kambi Group, and Kindred Group

DUBLIN, Dec. 12, 2019 /PRNewswire/ -- The "The US Sports Betting (Land-Based & Online) Market: Insights, Trends & Forecast (2019-2023)" report has been added to ResearchAndMarkets.com's offering.

The US sports betting market is anticipated to reach US$7.32 billion in 2023, growing at a CAGR of 56.89% during the period spanning 2019-2023.

Growth in the US sports betting market is mainly driven by factors such as rising economic growth, increasing adoption of internet-based devices and growing internet penetration. The market faces some challenges such as high tax rates and various government regulations. To overcome these challenges, the market would undergo certain developments such as omnichannel capability, the emergence of machine learning, and digitalization.

The US sports betting market on the basis of channel can be segmented as follows: land-based and online. In 2018, the market was dominated by land-based channel. But in 2023, the market is predicted to be dominated by online channel due to the growing digital connectivity, convenience of online betting and emergence of electronic systems to facilitate gaming competition.

Regional sports betting market of following states have been mentioned: Nevada, New Jersey, Delaware, West Virginia, Mississippi, New York and Michigan. In 2018, the US sports betting market was dominated by New York followed by Nevada and New Jersey due to the legalization of betting and economic prosperity. In 2023, the market is expected to be ruled by New York followed by New Jersey, Nevada and Michigan. The growing legalization in various states of the US, increasing disposable income and technological advancements are expected to drive the US sports betting market during the forecasted years i.e. 2019-2023.

Scope of the Report

• The report provides a comprehensive analysis of the US sports betting market along with the focus on the land-based and online market.
• The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (William Hill Plc, Paddy Power Betfair Plc, 888 Holdings Plc, GVC Holdings, Kambi Group and Kindred Group) are also presented in detail.

Key Topics Covered

1. Market Overview
1.1 Sports Betting
1.2 History of the US Sports Betting
1.3 The US Sports Betting Regulations
1.4 Legislative Progress Across the US
1.5 Legal Status of Sports Betting by States

2. The US Market
2.1 The US Sports Betting Market Forecast by Value
2.2 The US Sports Betting Market by Channel
2.3 The US Land-Based Sports Betting Market Forecast by Value
2.4 The US Online Sports Betting Market Forecast by Value

3. Regional Market
3.1 Nevada
3.1.1 Nevada Revenue from Sports Betting
3.1.2 Nevada Revenue Forecast from Sports Betting
3.1.3 Nevada Sports Betting Market by Channel
3.1.4 Nevada Land-Based Sports Betting Market Forecast by Value
3.1.5 Nevada Online Sports Betting Market Forecast by Value
3.1.6 Total Bet in Nevada Sports Betting Market
3.1.7 Total Bet Forecast in Nevada Sports Betting Market
3.1.8 Total Bet in Nevada Sports Betting Market Share by Sport
3.1.9 Total Bet in Nevada Sports Betting Market by Sport
3.1.10 Total Bet Forecast in Nevada Sports Betting Market by Sport
3.2 New Jersey
3.3 Delaware
3.4 West Virginia
3.5 Mississippi
3.6 New York
3.7 Michigan

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Upsurge in Economic Growth
4.1.2 Rising Internet Penetration
4.1.3 Growing Adoption of Internet Based Devices
4.1.4 Legalization of Sports Betting
4.2 Key Trends & Developments
4.2.1 Emergence of Machine Learning
4.2.2 Omni-Channel Capability
4.2.3 Upsurge in Mobile Betting
4.2.4 Growing Availability of Cash Alternative
4.2.5 Digitalization in Sports Betting
4.2.6 Increasing Betting on Video Sports/E-Sports
4.3 Challenges
4.3.1 High Tax Rates
4.3.2 Regulations on Betting in Some States

5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue Comparison - Key Players
5.1.2 Market Capitalization Comparison - Key Players
5.1.3 Global Exposure to Online Sports Betting - Key Players
5.2 The US
5.2.1 The US Sports Betting Market Access to the Key States by Company
5.2.2 New Jersey Online Sports Betting Market Share by Top Companies
5.2.3 Pennsylvania Land-Based Sports Betting Market Share by Top Companies

6. Company Profiles
6.1 William Hill PLC
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Paddy Power Betfair PLC (Flutter Entertainment)
6.3 888 Holdings PLC
6.4 GVC Holdings
6.5 Kambi Group
6.6 Kindred Group

For more information about this report visit https://www.researchandmarkets.com/r/z7u5go

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