U.S. Sports Betting Market Revenue to Cross USD 32.63 Billion by 2032; Registering at a CAGR of 10.2%

The most recent study by Polaris Market Research, "U.S. Sports Betting Market 2024 - 2032", was published. The report states that the market for sports betting in the U.S. was valued at USD 13.66 billion in 2023. The market is projected to grow to USD 32.63 billion by 2032, exhibiting a CAGR of 10.2% during the forecast period, 2024 to 2032.

Sports betting refers to the act of predicting sports results and wagering on the outcome. The primary intent for individuals to bet on sports is to win additional cash. Betting on sports is one of the most popular forms of staking as it enables sports fans to prove their knowledge and show loyalty to a specific team or player.

𝐆𝐞𝐭 𝐚𝐧 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/us-sports-betting-market/request-for-sample

Sports bettors make use of a bookmaker/sportsbook to place their wagers. The most common form of sports bets includes wagering on the outcome of the game. Other forms of sports wagers include money lines, spreads, parlays, over/under, futures, and props. Multiple factors determine how much money a sports bettor can win. These include the amount wagered, the sportsbook used, and the odds established by the bookmaker.

Regulatory frameworks established by governments in the U.S. are anticipated to shape future market trends, providing consumers with employment opportunities and improved experiences. Besides, the rising number of sporting leagues and events is expected to drive market growth.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐔.𝐒. 𝐒𝐩𝐨𝐫𝐭𝐬 𝐁𝐞𝐭𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Bet America
• Caesars
• clutchbet.
• Desert Diamod Sports
• Draft Kings
• Fanduel
• Fanatics
• Fanduel
• TVG
• Twinspires

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3792/2

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬

• Mobile Betting: Mobile betting apps are one of the most popular ways for consumers to place bets on sports, offering convenience and ease of access.
• In-Play Betting: In-play or live betting allows users to place bets on ongoing games, providing an engaging and interactive experience.
• Daily Fantasy Sports: Daily fantasy sports (DFS) platforms offer an alternative to traditional sports betting, allowing users to create fantasy teams and compete for prizes.

𝐔.𝐒. 𝐒𝐩𝐨𝐫𝐭𝐬 𝐁𝐞𝐭𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• In 2023, the online segment accounted for the largest growth of market share in the U.S. sports betting market. This surge in online activity during the pandemic accelerated the growth of the online segment and prompted more individuals to explore online betting options.
• The football segment is expected to grow at a significant CAGR during the forecast period. Moreover, technological advancements, such as real-time data feeds and advanced analytics, have enabled bettors to make more informed decisions when placing bets on football games. This accessibility to data and information enhances the overall betting experience and encourages greater engagement with football betting.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐡𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/us-sports-betting-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

• The U.S. sports betting market segmentation is primarily based on platform, type, sports, and application.
• By platform insights, the online segment accounted for the largest market share owing to the increased prevalence and accessibility of internet-enabled devices.
• By sports insights, the football segment is anticipated to witness significant growth as the sport holds a prominent position in American sports culture.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.