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The US Sports Betting Market | Industry Analysis 2020

The US Sports Betting Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)

Publish Date:May 2020
No. of Pages:84

Format : Adobe Reader (PDF) Instant delivery

US$ 850.00

Scope of the Report

Best US Sports Betting Market Report from 2020 to 2024

The report titled “The US Sports Betting Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)”, provides an in depth analysis of the US sports betting market by value, by channel, by type, by region, etc. The report provides a regional analysis of the US sports betting market, including the following regions: Nevada, New Jersey, Pennsylvania, Mississippi, Indiana, West Virginia, Iowa, Rhode Island, Delaware, New York, and Oregon. The report also provides a detailed analysis of the COVID-19 impact on the sports betting market in the US.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the US sports betting market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The US sports betting market is moderately fragmented with various market players operating in different states. The key players of the sports betting market are DraftKings, Flutter Entertainment plc (FandDuel Group), Caesars Entertainment Corporation, and Scientific Games Corporation, are also profiled with their financial information and respective business strategies.

Country Coverage

The US

Company Coverage

DraftKings
Flutter Entertainment plc (FandDuel Group)
Caesars Entertainment Corporation
Scientific Games Corporation
Executive Summary

Sports betting is one of the most popular and widely-spread forms of gambling. Sports betting can be defined as an activity, that includes placing a wager on the outcome of a particular sports event. This is considered an entertainment activity for the sports lover. Sports bettingoffers all the popular sports, including basketball, football, golf, hockey, tennis, horse racing, etc.

There is always some degree of risk associated with the sports betting, as it involves putting the real money at stake and winning is never guaranteed. While millions of people enjoy the sports betting, many considered that it should never be practiced. Hence, sports betting has its own pros and cons. The pros of sports betting include the probability of wining huge amount of money, more profitable than investment, good source of investment, various sports to bet on. Whereas, the cons of sports betting are high risk game, more losses, highly addictive, and impossibility to constantly win.

Sports betting have a long history with continuous introduction of laws to establish regulations in the sports betting industry. In May 2018, the Supreme Court in the US paved way to legalize sports betting by declaring that the federal ban on sports betting was unconditional. The sports betting market can be segmented on the basis of channel, type, and sports type.

The US sports betting market has increased significantly during the year 2019, and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The sports betting market is expected to increase due to increasing use of mobile phones for sports betting, easier access to online betting, rising millennial population, growing popularity of e-sports betting, mergers & acquisitions, etc. Yet the market faces some challenges such as declining disposable income, stringent regulations, etc.


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1. Executive Summary

2. Introduction

2.1 Sports Betting: An Overview
2.1.1 Pros and Cons of Sports Betting
2.1.2 History of Sports Betting

2.2 Sports Betting Segmentation: An Overview
2.2.1 Sports Betting Segmentation by Type
2.2.2 Sports Betting Segmentation by Channel
2.2.3 Sports Betting Segmentation by Sports Type

3. The US Market Analysis

3.1 The US Sports Betting Market: An Analysis

3.1.1 The US Sports Betting Market by Value
3.1.2 The US Sports Betting Market by Channel (On-ground and Online)
3.1.3 The US Sports Betting Market by Type (In-play Betting and Others)
3.1.4 The US Sports Betting Market by Region (Nevada, New Jersey, Pennsylvania, Mississippi, Indiana, West Virginia, Iowa, Rhode Island, Delaware, New York and Oregon)

3.2 The US Sports Betting Market: Channel Analysis

3.2.1 The US Online Sports Betting Market by Value
3.2.2 The US On-ground Sports Betting Market by Value

3.3 The US Sports Betting Market: Type Analysis

3.3.1 The US In-play Sports Betting Market by Value
3.3.2 The US Others Sports Betting Market by Value

4. Regional Market Analysis

4.1 New Jersey Sports Betting Market: An Analysis 
4.1.1 New Jersey Sports Betting Market by Value 

4.2 Pennsylvania Sports Betting Market: An Analysis 
4.2.1 Pennsylvania Sports Betting Market by Value 

4.3 Delaware Sports Betting Market: An Analysis 
4.3.1 Delaware Sports Betting Market by Value 

4.4 Mississippi Sports Betting Market: An Analysis 
4.4.1 Mississippi Sports Betting Market by Value 

4.5 Nevada Sports Betting Market: An Analysis 
4.5.1 Nevada Sports Betting Market by Value 

4.6 Rhode Island Sports Betting Market: An Analysis 
4.6.1 Rhode Island Sports Betting Market by Value 

4.7 West Virginia Sports Betting Market: An Analysis 
4.7.1 West Virginia Sports Betting Market by Value 

4.8 New York Sports Betting Market: An Analysis 
4.8.1 New York Sports Betting Market by Value 

4.9 Iowa Sports Betting Market: An Analysis 
4.9.1 Iowa Sports Betting Market by Value 

4.10 Indiana Sports Betting Market: An Analysis 
4.10.1 Indiana Sports Betting Market by Value 

4.11 Oregon Sports Betting Market: An Analysis 
4.11.1 Oregon Sports Betting Market by Value 

5. Impact of COVID-19

5.1 Impact of COVID-19
5.1.1 The Economic Effects of COVID-19
5.1.2 Impact of COVID-19 on Sports Betting

6. Market Dynamics

6.1 Growth Driver
6.1.1 Increasing Use of Mobile Phones for Sports Betting
6.1.2 Easier Access to Online Betting
6.1.3 Rising Millennial Population
6.1.4 Growing Popularity of E-Sports Betting
6.1.5 Mergers & Acquisitions

6.2 Challenges
6.2.1 Declining Disposable Income
6.2.2 Stringent Regulations

6.3 Market Trends
6.3.1 Growing Popularity of In-play/Live Betting
6.3.2 Introduction of Daily Fantasy Sports Betting
6.3.3 Technological Advancements
6.3.4 Escalating Trend of Virtual Sports Betting
6.3.5 Expanding Legislation of Sports Betting in Other States of the US 

7. Competitive Landscape

7.1 The US Sports Betting Market Players: A Financial Comparison 
7.2 The US Sports Betting Market Players: Key Comparison

8. Company Profiles

8.1 DraftKings
8.1.1 Business Overview
8.1.2 Business Strategy

8.2 Flutter Entertainment plc (FanDuel Group)
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategy

8.3 Caesars Entertainment Corporation
8.3.1 Business Overview
8.3.2 Financial Overview
8.3.3 Business Strategy

8.4 Scientific Games Corporation
8.4.1 Business Overview
8.4.2 Financial Overview
8.4.3 Business Strategy
Figure 1: Pros and Cons of Sports Betting
Figure 2: History of Sports Betting in the US During the 19th and 20th Century
Figure 3: History of Modern Sports Betting in the US
Figure 4: Sports Betting Segmentation by Type
Figure 5: Sports Betting Segmentation by Channel
Figure 6: Sports Betting Segmentation by Sports Type
Figure 7: The US Sports Betting Market by Value; 2019-2024 (US$ Billion)
Figure 8: The US Sports Betting Market by Channel; 2019 & 2024 (percentage, %)
Figure 9: The US Sports Betting Market by Type; 2019 & 2024 (Percentage, %)
Figure 10: The US Sports Betting Market by Region; 2019 (Percentage, %)
Figure 11: The US Online Sports Betting Market by Value; 2019-2024 (US$ Million)
Figure 12: The US On-ground Sports Betting Market by Value; 2019-2024 (US$ Million)
Figure 13: The US In-play Sports Betting Market by Value; 2019-2024 (US$ Million)
Figure 14: The US Others Sports Betting Market by Value; 2019-2024 (US$ Million)
Figure 15: New Jersey Sports Betting Market by Value; 2019 (US$ Million)
Figure 16: Pennsylvania Sports Betting Market by Value; 2019 (US$ Million)
Figure 17: Delaware Sports Betting Market by Value; 2019 (US$ Million)
Figure 18: Mississippi Sports Betting Market by Value; 2019 (US$ Million)
Figure 19: Nevada Sports Betting Market by Value; 2019 (US$ Million)
Figure 20: Rhode Island Sports Betting Market by Value; 2019 (US$ Million)
Figure 21: West Virginia Sports Betting Market by Value; 2019 (US$ Million)
Figure 22: New York Sports Betting Market by Value; 2019 (US$ Million)
Figure 23: Iowa Sports Betting Market by Value; 2019 (US$ Million)
Figure 24: Indiana Sports Betting Market by Value; 2019 (US$ Million)
Figure 25: Oregon Sports Betting Market by Value; 2019 (US$ Million)
Figure 26: The US Number of Unemployed Persons & Unemployment Rate; April 2019-April 2020 (Million & Percentage, %)
Figure 27: The US Sports Industry Revenue Loss due to COVID-19 Pandemic as of May 2020 (US$ Billion)
Figure 28: The US Smartphone Users; 2018-2024 (Million)
Figure 29: The US Internet Users; 2017-2023 (Million)
Figure 30: The US Millennial Population; 2016-2036 (Million)
Figure 31: The US Disposable Personal Income; November 2019-March 2020 (Percentage, %)
Figure 32: Flutter Entertainment plc Revenue; 2015-2019 (US$ Billion)
Figure 33: Flutter Entertainment plc Revenue by Segments; 2019 (Percentage, %)
Figure 34: Flutter Entertainment plc Revenue by Product Line; 2019 (Percentage, %)
Figure 35: Flutter Entertainment plc Revenue by Region; 2019 (Percentage, %)
Figure 36: Caesars Entertainment Corporation Net Revenues; 2015-2019 (US$ Billion)
Figure 37: Caesars Entertainment Corporation Net Revenues by Segments; 2019 (Percentage, %)
Figure 38: Caesars Entertainment Corporation Net Revenues by Region; 2019 (Percentage, %)
Figure 39: Scientific Games Corporation Total Revenue; 2015-2019 (US$ Billion)
Figure 40: Scientific Games Corporation Total Revenue by Segments; 2019 (Percentage, %)
Figure 41: Scientific Games Corporation Total Revenue by Region; 2019 (Percentage, %)
Table 1: Current Legal Status of Sports Betting in the US
Table 2: The US Sports Betting Market Players: A Financial Comparison; 2019
Table 3: The US Sports Betting Market Players: Key Comparison