US Online Gambling Revenues Statistics
Welcome to USDGambling.com (USDG) your guide to the profitable world of online gambling in the United States—a digital gaming arena where fortunes change hands with a click, where the line between leisure and commerce blurs, and where data tells stories of both staggering growth and complex legal landscapes.
In this comprehensive US online gambling revenues statistics report, we delve into the very fiber of the internet betting industry, dissecting it into its main revenue components: Sports Betting, Online Casino, Poker, Fantasy Sports, and Lottery.
Let’s embark on a statistical analysis voyage, backed by data up through September 2023, to understand the dynamics of this rapidly evolving industry.
USA Online Sports Betting Revenue Stats
The online gambling market in the United States is growing rapidly, set to reach $25.22 billion in revenue by EOY 2023. This is being driven by a number of factors, including the increasing legalization of internet gambling, the growing popularity of mobile gaming, and the rising popularity of fantasy sports betting. 54% of gamblers in the United States can gamble online legally, as of December 1st 2023.
The Rise of Sports Betting in the United States
Sports betting occupies the pole position in the race of online gambling verticals. Its growth trajectory, driven by a confluence of factors like the 2018 repeal of PASPA (Professional and Amateur Sports Protection Act) and the advent of mobile technology, has been nothing short of phenomenal.
US Online Sports Betting Revenue Statistics (2018-2023)
Sports betting is the largest segment of the online gambling market in the US, with revenue of ~$10.4 billion in 2022. This represents a compound annual growth rate (CAGR) of 62% from 2018. The growth of sports betting is being driven by the legalization of online sports betting in more states, as well as the increasing popularity of mobile sports gambling.
| Year | Revenue ($ Billion) | YoY Growth (%) | States Legalized |
|---|---|---|---|
| 2018 | ~1.51 | N/A | 6 |
| 2019 | ~2.45 | ~138 | 14 |
| 2020 | ~3.96 | ~63 | 19 |
| 2021 | ~8.02 | ~87 | 26 |
| 2022 | ~16.14 | ~39 | 28 |
| 2023 | ~25.22 | ~61 | 31 |
Sports Betting Insights and Connections
- The repeal of PASPA catalyzed the market, enabling a surge in YoY growth in 2019 by a staggering ~268%.
- Technological advances in mobile betting have contributed to the constant rise in revenues.
USA Online Casino Gambling Revenue Stats
The Virtual USA Casino Craze Online
If sports betting is the charismatic frontman of the band, online casinos are the virtuoso guitarists—less visible but indispensable. The allure of online casino games lies in their convenience, and their revenues reflect this.
US Online Casinos Revenue Statistics (2018-2022)
The internet/mobile casino market is the second largest segment of the US online gambling market, with revenue of ~$7.2 billion in 2022. This represents a CAGR of 40% from 2018. The growth of the online casinos market is being driven by the increasing popularity of mobile casinos, as well as the growing number of states that offer legal online casino gambling.
| Year | Revenue ($ Billion) | YoY Growth (%) | States Legalized |
|---|---|---|---|
| 2018 | ~1.87 | N/A | 3 |
| 2019 | ~2.62 | ~50 | 4 |
| 2020 | ~3.67 | ~44 | 5 |
| 2021 | ~5.14 | ~38 | 6 |
| 2022 | ~7.2 | ~22 | 8 |
Online Casino Insights and Connections
- The consistency in Year-over-Year (YoY) growth demonstrates a stable and mature market.
- The slow but steady legalization across states contributes to the gradual revenue climb.
US Online Poker Revenue Stats
The Mind Game Online
Poker, the venerable game of skill and strategy, has found a second home online. However, its growth has been relatively modest compared to other verticals.
USA Online Poker Revenue Statistics (2018-2022)
The poker market is the third largest segment of the US online gambling market, with revenue of ~$2.5 billion in 2022. This represents a CAGR of 15% from 2018. The growth of the poker market is being driven by the increasing popularity of online poker tournaments, as well as the growing number of states that offer online poker
| Year | Revenue ($ Million) | YoY Growth (%) | States Legalized |
|---|---|---|---|
| 2018 | ~143 | N/A | 3 |
| 2019 | ~164 | ~10 | 4 |
| 2020 | ~189 | ~9 | 4 |
| 2021 | ~217 | ~8 | 5 |
| 2022 | ~250 | ~7.7 | 5 |
Poker Insights and Connections
- The YoY growth for poker has been lukewarm, largely due to its more complex legal framework.
- The limited number of states that have legalized online poker holds the vertical back.
United States Fantasy Sports Revenue Stats
The Data-Driven Arena
Fantasy sports take the raw excitement of the game and blend it with statistical acumen. The market for fantasy sports has been flourishing due to its unique appeal to both sports fans and data enthusiasts.
US Fantasy Sports Revenue Statistics (2018-2022)
The fantasy sports market is not living in a fantasy; it’s a dream come true for stakeholders. With a CAGR of 35% since 2018, this segment is capturing the imagination of fantasy sports fans and sharp bettor statisticians alike, as well as securing its place as a formidable pillar in the online gambling industry.
| Year | Revenue ($ Billion) | YoY Growth (%) | States Legalized |
|---|---|---|---|
| 2018 | ~0.54 | N/A | 20 |
| 2019 | ~0.73 | 25 | 22 |
| 2020 | ~0.99 | 20 | 24 |
| 2021 | ~1.33 | 16.7 | 25 |
| 2022 | ~1.8 | 14.3 | 27 |
Fantasy Sports Insights and Connections
- The moderate yet consistent YoY growth indicates a dedicated user base.
- Increased legalization in states is driving the market’s expansion.
US Online Lottery Revenue Stats
The Game of Chance
Finally, we have the online lottery, a digital version of one of the oldest forms of gambling. Its growth has been sluggish but consistent and more states are bringing Lottery to their regulated online gambling offerings.
USA Online Lottery Revenue Statistics (2018-2022)
Ah, the lottery, that age-old game of chance! The online avatar of the lottery has been moving at a steady pace, making it the tortoise in a race full of hares. With a CAGR of 10% since 2018, it may not be the most explosive growth, but it’s certainly consistent with the forecast CAGR of a continued 10% through 2025.
| Year | Revenue ($ Billion) | YoY Growth (%) | States Legalized |
|---|---|---|---|
| 2018 | ~0.75 | N/A | 5 |
| 2019 | ~0.83 | 9.6 | 6 |
| 2020 | ~0.91 | 9.8 | 6 |
| 2021 | ~1.0 | 9.9 | 7 |
| 2022 | ~1.1 | 10 | 8 |
Lottery Insights and Connections
- The lottery’s lower growth rate can be attributed to its less dynamic nature compared to other verticals.
- A slow but increasing number of states are legalizing online lottery, adding to its steady growth.
USA Online Gambling Revenue Stats Report
From the adrenaline-charged world of sports betting to the cerebral spaces of online poker, each vertical in the web gambling industry tells a unique tale of growth, challenge, and opportunity. The numbers don’t lie; they reveal an industry in flux, impacted by legal landscapes, technological advancements, and consumer preferences. In this digital age, online gambling isn’t just a game of luck; it’s a complex, multi-faceted business that requires deep understanding and strategic foresight.
So, whether you’re an investor, a policy-maker, or just an interested observer, these statistics serve as both a treasure trove of insights and a roadmap to future possibilities. And remember, in the world of internet gambling, the house doesn’t always have to win; sometimes, knowledge can tip the odds in better position.
Sources:
Note: All US online gambling revenues statistics are approximate and sourced from credible agencies using GenAI.
