The Online Gambling market in Americas is experiencing significant growth and development, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: Customers in the Americas are increasingly drawn to the convenience and accessibility of online gambling. With the rise of smartphones and high-speed internet, more people are opting to gamble online rather than visit traditional brick-and-mortar casinos. This shift in customer preferences is fueled by the desire for a more convenient and flexible gambling experience.
Trends in the market: One of the key trends in the Online Gambling market in Americas is the legalization and regulation of online gambling in several countries. This trend is driven by the recognition of the economic benefits that online gambling can bring, such as increased tax revenue and job creation. As a result, more countries in the Americas are passing legislation to legalize and regulate online gambling, which is leading to the growth of the market. Another trend in the market is the increasing popularity of online sports betting. Sports betting has always been a popular form of gambling in the Americas, and the emergence of online platforms has made it even more accessible. With the legalization of sports betting in several countries, the market for online sports betting is expected to continue growing.
Local special circumstances: The Online Gambling market in Americas is also influenced by local special circumstances. For example, in countries where gambling is deeply ingrained in the culture, such as the United States and Canada, there is already a strong demand for online gambling. Additionally, countries with a large population of young adults, who are more likely to engage in online gambling, are driving the growth of the market.
Underlying macroeconomic factors: The growth of the Online Gambling market in Americas is also influenced by underlying macroeconomic factors. For example, the overall economic growth in the region has led to an increase in disposable income, which in turn has fueled the demand for online gambling. Additionally, the increasing penetration of smartphones and internet connectivity has made it easier for people to access online gambling platforms, further contributing to market growth. In conclusion, the Online Gambling market in Americas is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The convenience and accessibility of online gambling, along with the legalization and regulation of the market, are driving the growth of the industry. With the continued growth of the economy and advancements in technology, the Online Gambling market in Americas is expected to continue its upward trajectory.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services.Modeling approach:
Market size is determined through a Top-Down approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, number of internet users, and internet consumption.Forecasts:
We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is reweighted for representativeness.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
