Your question: How big is the US online gambling market?

The United States online gambling market was valued at USD 1,978.57 million in 2020, and it is is projected to register a CAGR of 17.32% during the forecast period, 2021-2026.

How large is the online gambling market?

The global online gambling market is expected to grow from $64.13 billion in 2020 to $72.02 billion in 2021 at a compound annual growth rate (CAGR) of 12.3%.

How big is the gambling industry in the US?

The American Gaming Association, an industry trade group, states that gaming in the U.S. is a $240 billion industry, employing 1.7 million people in 40 states. In 2016, gaming taxes contributed $8.85 billion in state and local tax revenues.

How much is the online gambling industry worth?

According to Statista, the global online gambling market is worth a whopping $66.7 billion, which is around £50 billion. That is a big jump from the previous year’s figure of $58.9 billion.

How big is the gambling market?

As a result, the global online gambling market size reached almost 59 billion U.S. dollars in 2019 and is predicted to grow further.

Is the gambling industry growing?

Amid the COVID-19 crisis, the global market for Gambling estimated at US$711.4 Billion in year 2020, is projected to reach a revised size of US$876 Billion by 2026, growing at a CAGR of 3.6% over the analysis period.

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What percent of gambling is online?

Online Gambling Statistics

In the US the numbers are quite different, in 2016 only 3% out of the 4.2 billion who said they gamble regularly said they played online. This number must have gone up in the following years however, as the revenue in 2018 landed on $306.5 billion for the US online gambling market.

How much does the average person lose gambling?

The gambling industry in the U.S. is estimated to be $110 billion in 2020 and growing. What might be news is that as many as 23 million Americans go into debt because of gambling and the average loss is estimated to be around $55,000.

What states are gambling illegal?

In the United States, gambling is legal in 48 states in some capacity. Only Utah and Hawaii have a 100% ban on it. However, social poker games in private residences are allowed in Hawaii.

How much money is lost to gambling every year?

The same report tallied our national gambling losses at just under $25 billion – $24.88 billion to be exact. Per person that’s more than $1,260 lost to gambling every year, and a 5% increase on the figures from 2016-17.

What percentage of the population has a gambling problem?

Approximately 1 percent of the adult population in the United States has a severe gambling problem. The most recent research estimates that 6 to 9 percent of young people and young adults experience problems related to gambling — a higher rate than among adults.

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