US Sports Betting Market Size 2018 – Key Trends, Growth Drivers, Company Profiles, and 2022 Forecasts Research Report

New research study on “US Sports Betting Market: Industry Analysis and Outlook (2018-2022)” added to OrbisResearch.com’s database.

Dallas, Texas - December 4, 2018 /MarketersMedia/ —

Sports betting is a term used for gambling that involves placing a wager, which also called as bet, on the outcome of a sporting event in order to win money. It is one of the most popular forms of gambling which includes wagers placed on sports events such as football, basketball, baseball, hockey, rugby, boxing, horse racing, car racing, tennis and many others. In recent year, sports betting have also been extended to non-athletic events such as reality shows contests, political elections, interest rates, beauty contests and underground fighting.

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On May 2018, the federal ban on sports betting was overturned when United States Supreme Court determined the Professional and Amateur Sports Protection Act (PASPA) was unconditional. With this, several states changed their laws with legislation that either legalizes wagering or set to do so. Nevada was the only state to permit a wide variety of legal sports betting that has existed for decades.

Several states such as Louisiana, Connecticut, Mississippi, Maryland, Massachusetts, Missouri, California, South Carolina, Iowa, Illinois, Kansas, Kentucky, Indiana, Michigan, Minnesota, Oklahoma, Ohio and New York began drafting bills to legalize sports betting. New Jersey, Mississippi, Rhode Island, Delaware and West Virginia already passed legislation to legalize sports betting within their states.

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The U.S. sports betting market is expected to grow in future due to accelerating economy growth, rising internet penetration, adoption of internet based devices and easy government regulations. Key trends of this market include digitalization, growing betting on e-sports, growing mobile betting and increased penetration of debit and credit card. However, there are some factors which can hinder the growth of sport betting market in the U.S. which includes high tax rates and regulations related to sports betting in some states.

The report “U.S. Sports Betting Market: Industry Analysis & Outlook (2018-2022)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering Nevada and other states. The report profiles the key players of the market including William Hill, GVC Holdings, Paddy Power Betfair and 888 Holdings.

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Few points from Table of Contents:
1. Market Overview
1.1 Sports Betting
1.2 History of the U.S. Sports Betting
1.3 The U.S. Sports Betting Regulations
1.4 Legislative Progress Across the U.S
1.5 Legal Status of Sports Betting by States

2. The U.S. Market
2.1 The U.S. Sports Betting Market Forecast
2.2 The U.S. Sports Betting Market by Channel
2.3 The U.S. Sports Betting Land-Based Market Forecast
2.4 The U.S. Sports Betting Online Market Forecast
2.5 The U.S. States by Approach to Sports Betting
2.6 The U.S. Sports Betting Market Forecast by States

3. Regional Market
3.1 Nevada
3.1.1 Nevada Revenue from Sports Betting
3.1.2 Nevada Revenue from Sports Betting Forecast
3.1.3 Nevada Sports Betting Land-Based Market Forecast
3.1.4 Nevada Sports Betting Online Market Forecast
3.1.5 Total Bet in Nevada Sports Betting Market
3.1.6 Total Bet in Nevada Sports Betting Market Forecast
3.1.7 Nevada Sports Betting as % of Total Gaming Revenue
3.1.8 Nevada Sports Betting Market by Sports
3.1.9 Nevada Sports Betting Market by Sport
3.1.10 Nevada Sports Betting Market by Sport Forecast
3.1.11 Number of Racing & Sports Pool in Nevada
3.1.12 Nevada Racing & Sports Pool Revenue
3.2 New Jersey
3.2.1 New Jersey Sports Betting Market Forecast
3.2.2 New Jersey Sports Betting Land-Based Market Forecast
3.2.3 New Jersey Sports Betting Online Market Forecast
3.3 Delaware
3.3.1 Delaware Sports Betting Market Forecast
3.3.2 Delaware Sports Betting Land-Based Market Forecast
3.3.3 Delaware Sports Betting Online Market Forecast
3.4 West Virginia
3.4.1 West Virginia Sports Betting Market Forecast
3.4.2 West Virginia Sports Betting Land Based Market Forecast
3.4.3 West Virginia Sports Betting Online Market Forecast
3.5 Mississippi
3.5.1 Mississippi Sports Betting Market Forecast
3.5.2 Mississippi Sports Betting Land Based Market Forecast
3.5.3 Mississippi Sports Betting Online Market Forecast
3.6 New York
3.6.1 New York Sports Betting Market Forecast
3.6.2 New York Sports Betting Land-Based Market Forecast
3.6.3 New York Sports Betting Online Market Forecast
3.7 Michigan
3.7.1 Michigan Sports Betting Market Forecast
3.7.2 Michigan Sports Betting Land-Based Market Forecast
3.7.3 Michigan Sports Betting Online Market Forecast

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Accelerating Economy Growth
4.1.2 Rising Internet Penetration
4.1.3 Adoption of Internet Based Devices
4.1.4 Easy Government Regulations
4.2 Key Trends & Developments
4.2.1 Digitalization in Sports Betting
4.2.2 Growing Betting on Video Sports/E-Sports
4.2.3 Growing Mobile Betting
4.2.4 Increased Penetration of Debit and Credit Card
4.3 Challenges
4.3.1 High Tax Rates
4.3.2 Regulations on Betting in Some States
Continued..

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Release ID: 454461