The current market for legal sports gambling in the U.S. is $238,000,000 and the current market for illegal sports gambling in the U.S. is $3,000,000,000 for a total market size of $3,238,000,000. If sports betting is legalized on the federal level in 2018, the legal sports market could be worth as much as $15.8 billion by 2023. The online gambling market size is largely influenced by the size of betting and pertinent outcome * Service providers/operators hold a license from the jurisdiction where the company was In the United States, predicted cash revenues are expected to hit $21.14 billion, while in the UK predicted online gambling revenue should reach $4 billion. In 2019, according to PwC's latest Global Entertainment & Media Outlook, the videogames market in the United States is expected to reach $30 billion by 2023. The revenue of esports in 2018 reached $1.43 billion and is estimated to reach $1.57 billion by 2019. Casinos and Gambling Market Size Casinos and Gambling Market Trends About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on Another growing segment of the gambling industry is online. The global market size of online gambling was forecasted to reach over 59 billion U.S. dollars in 2020, growing by around 20 billion U.S... SAN FRANCISCO, Aug. 27, 2019 /PRNewswire/ -- The global online gambling market size is expected to reach USD 102.97 billion by 2025, registering a CAGR of 11.5% from 2019 to 2025, according to a 14. The size of the global online market is worth 450 billion US dollars. (Statista 2) Even with online gambling being so popular, casinos are still expected to hold a 25% share of the global market. When it comes to the US casino gaming market, the revenue it holds adds up to 79.42 billion dollars. The global online gambling market size was valued at USD 53.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. The high internet penetration and increasing use of mobile phones among individuals for playing online games from their homes and public places are driving the market. Release Summary. Technavio analysts forecast the online gambling market in the US to grow at an impressive CAGR of more than 51% during the forecast period, according to their latest report.
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