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U.S. Sports Betting Market Envisions USD 32.63 Billion by 2032 with a 10.2% Compound Annual Growth Rate

06-24-2024 11:29 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

U.S. Sports Betting Market

U.S. Sports Betting Market

The report "U.S. Sports Betting Market Share, Size, Trends, Industry Analysis Report, Electric Tractor Market Share, Size, Trends, Industry Analysis Report, By Platform (Online and Offline); By Type; By Sports; By Application; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

U.S. Sports Betting Market size and share is currently valued at USD 15.04 billion in 2024 and is anticipated to generate an estimated revenue of USD 32.63 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 10.2% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐ก๐ž ๐‚๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/us-sports-betting-market/request-for-sample

The United States sports betting market is experiencing significant growth. The increasing number of annual sports events and leagues, including Major League Baseball (MLB), the National Football League (NFL), the National Basketball Association (NBA), and the National Hockey League (NHL), among others, serves as a primary driver. These events attract a large audience and generate substantial betting activity, fueling market expansion.

Furthermore, the proliferation of smartphones and the widespread availability of user-friendly betting apps have made sports betting more accessible and convenient for consumers. This trend contributes to the market's growth by attracting new bettors and increasing overall betting activity. Additionally, the ongoing digitalization of the sports industry and the widespread adoption of wireless connectivity are creating a favorable environment for the sports betting market in the US. These technological advancements enable seamless betting experiences and enhance user engagement.

๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฆ๐š๐ฃ๐จ๐ซ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐จ๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ€ข Bet America
โ€ข Caesars
โ€ข clutchbet.
โ€ข Desert Diamod Sports
โ€ข Draft Kings
โ€ข Fanduel
โ€ข Fanatics
โ€ข Fanduel
โ€ข TVG
โ€ข Twinspires

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/3792/2

๐”.๐’. ๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ž๐ญ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข 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.

โ€ข 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.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: The proliferation of online and mobile betting platforms has made it easier for consumers to place bets. Innovations in technology, such as live betting and virtual sports, have also enhanced user experience and engagement.

๐๐š๐ซ๐ญ๐ง๐ž๐ซ๐ฌ๐ก๐ข๐ฉ๐ฌ ๐š๐ง๐ ๐’๐ฉ๐จ๐ง๐ฌ๐จ๐ซ๐ฌ๐ก๐ข๐ฉ๐ฌ: Major sports leagues and teams have entered into partnerships with betting companies. These collaborations enhance brand visibility and credibility while providing exclusive betting content and promotions.

๐‚๐จ๐ง๐ฌ๐ฎ๐ฆ๐ž๐ซ ๐ƒ๐ž๐ฆ๐š๐ง๐: There is a growing consumer interest in sports betting, driven by the widespread popularity of sports in the U.S. and the increasing acceptance of betting as a form of entertainment.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/us-sports-betting-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐”.๐’. ๐ฌ๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ž๐ญ๐ญ๐ข๐ง๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐ฉ๐ฅ๐š๐ญ๐Ÿ๐จ๐ซ๐ฆ, ๐ญ๐ฒ๐ฉ๐ž, ๐ฌ๐ฉ๐จ๐ซ๐ญ๐ฌ, ๐š๐ง๐ ๐š๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

๐”.๐’. ๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ž๐ญ๐ญ๐ข๐ง๐ , ๐๐ฅ๐š๐ญ๐Ÿ๐จ๐ซ๐ฆ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)

โ€ข Online
โ€ข Offline

๐”.๐’. ๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ž๐ญ๐ญ๐ข๐ง๐ , ๐“๐ฒ๐ฉ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)

โ€ข Fixed Odds Wagering
โ€ข Exchange Betting
โ€ข Live/In Play Betting
โ€ข Pari-mutuel
โ€ข E-sports Betting
โ€ข Others

๐”.๐’. ๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ž๐ญ๐ญ๐ข๐ง๐ , ๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)

โ€ข Football
โ€ข Basketball
โ€ข Baseball
โ€ข Horse Racing
โ€ข Cricket
โ€ข Hockey
โ€ข Others

๐”.๐’. ๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ž๐ญ๐ญ๐ข๐ง๐ , ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)

โ€ข Draw games
โ€ข Instant games
โ€ข Lotto
โ€ข Number games
โ€ข Others

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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