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    North America Online Sports Betting Market

    ID: MRFR/ICT/59276-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    North America Online Sports Betting Market Research Report By Sports Type (Football, Horse Racing/ Riding, Car Racing, Cricket, Hockey, Boxing, Baseball, Basketball, Tennis), By Type (Line-in-Play, Fixed Odds Betting, Exchange Betting, Daily Fantasy, Spread Betting, E-Sports, Others), By Application (Web-Based, Mobile-Based), By Web-Based (Windows, Mac), By Mobile-Based (iOS, Android) and By Regional (US, Canada) - Forecast to 2035

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    North America Online Sports Betting Market Infographic
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    North America Online Sports Betting Market Summary

    As per MRFR analysis, the North America online sports-betting market Size was estimated at 16.1 USD Billion in 2024. The North America online sports-betting market is projected to grow from 18.17 USD Billion in 2025 to 60.71 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 12.82% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The North America online sports-betting market is experiencing robust growth driven by regulatory changes and technological innovations.

    • The US remains the largest market for online sports-betting, showcasing a steady increase in user engagement.
    • Canada is emerging as the fastest-growing region, with a notable rise in participation among younger demographics.
    • Technological advancements, particularly in mobile platforms, are enhancing the overall user experience and accessibility.
    • Increased legalization efforts and the growing popularity of esports betting are key drivers propelling market expansion.

    Market Size & Forecast

    2024 Market Size 16.1 (USD Billion)
    2035 Market Size 60.71 (USD Billion)

    Major Players

    DraftKings (US), FanDuel (US), BetMGM (US), William Hill (GB), Paddy Power (IE), Bet365 (GB), Unibet (SE), 888sport (GI), PointsBet (AU)

    North America Online Sports Betting Market Trends

    The online sports-betting market in North America is currently experiencing a notable transformation, driven by evolving regulations and increasing consumer interest. As various states implement legal frameworks for sports wagering, the market is witnessing a surge in participation. This shift appears to be fueled by a growing acceptance of gambling as a mainstream activity, alongside advancements in technology that enhance user experience. Mobile applications and online platforms are becoming increasingly sophisticated, allowing users to place bets conveniently and securely. Furthermore, partnerships between sports leagues and betting operators are emerging, creating a more integrated environment for fans and bettors alike. In addition to regulatory changes, the demographic landscape of bettors is diversifying. Younger generations, particularly millennials and Gen Z, are showing a keen interest in engaging with sports through betting. This trend suggests a potential for sustained growth in the online sports-betting market, as these demographics are more inclined to embrace digital solutions. Moreover, the integration of social features within betting platforms may further enhance user engagement, fostering a community around sports wagering. As the market continues to evolve, stakeholders must remain vigilant to adapt to changing consumer preferences and regulatory landscapes.

    Regulatory Developments

    Recent legislative changes across various states are reshaping the online sports-betting market. As more jurisdictions legalize and regulate sports wagering, operators are entering new markets, which may lead to increased competition and innovation. This trend indicates a shift towards a more structured environment, potentially enhancing consumer protection and responsible gambling initiatives.

    Technological Advancements

    The rise of mobile technology is significantly impacting the online sports-betting market. Enhanced mobile applications are providing users with seamless betting experiences, including live betting options and real-time updates. This trend suggests that technology will continue to play a crucial role in attracting and retaining bettors, as convenience becomes a key factor in user engagement.

    Changing Demographics

    The demographic profile of bettors is evolving, with younger audiences increasingly participating in online sports betting. This shift indicates a growing acceptance of gambling among millennials and Gen Z, who are more likely to engage with digital platforms. As this trend continues, operators may need to tailor their offerings to meet the preferences of these younger consumers.

    North America Online Sports Betting Market Drivers

    Enhanced User Experience

    The online sports-betting market is experiencing a transformation driven by advancements in user experience. Betting platforms are increasingly focusing on user-friendly interfaces, mobile compatibility, and personalized features. As of 2025, data indicates that over 60% of users prefer mobile betting applications, which has prompted operators to invest in technology that enhances engagement. Features such as live betting, in-play options, and real-time statistics are becoming standard, making the betting experience more interactive and appealing. This emphasis on user experience is likely to attract new customers and retain existing ones, thereby contributing to the overall growth of the online sports-betting market.

    Increased Legalization Efforts

    The ongoing trend of legalization across various states in North America appears to be a primary driver for the online sports-betting market. As more states enact legislation to permit online betting, the market is likely to expand significantly. For instance, as of 2025, approximately 30 states have legalized some form of sports betting, contributing to a projected market value of $8 billion by 2026. This shift not only enhances accessibility for consumers but also generates substantial tax revenues for state governments, further incentivizing legislative changes. The increasing acceptance of sports betting as a legitimate form of entertainment is likely to attract a broader audience, thereby fueling growth in the online sports-betting market.

    Integration of Payment Solutions

    The integration of diverse payment solutions is emerging as a crucial driver for the online sports-betting market. As consumers increasingly demand convenience, platforms that offer multiple payment options, including e-wallets, cryptocurrencies, and traditional banking methods, are likely to gain a competitive edge. Recent data suggests that nearly 40% of bettors prefer using e-wallets for transactions, indicating a shift towards digital payment methods. This trend not only streamlines the betting process but also enhances security and user trust. Consequently, the ability to provide flexible payment solutions is expected to play a pivotal role in attracting and retaining customers within the online sports-betting market.

    Growing Popularity of Esports Betting

    The rising popularity of esports is becoming a significant driver for the online sports-betting market. As esports events gain mainstream recognition, betting on these competitions is attracting a younger demographic. Recent statistics indicate that esports betting could account for approximately 15% of the total sports betting market by 2026. This trend is likely to be fueled by the increasing viewership of esports tournaments, which has surpassed traditional sports in some demographics. The integration of esports betting into existing platforms is expected to broaden the customer base and enhance revenue streams for operators in the online sports-betting market.

    Strategic Partnerships and Collaborations

    Strategic partnerships between online sports-betting operators and traditional sports leagues are emerging as a vital driver for the online sports-betting market. Collaborations with major leagues, such as the NFL and NBA, not only enhance brand credibility but also provide operators with access to a larger audience. As of 2025, partnerships have led to a 25% increase in user engagement on platforms that feature league-specific betting options. These alliances are likely to create a more integrated betting experience, encouraging fans to engage with their favorite sports in new ways. Consequently, such collaborations are expected to significantly impact the growth trajectory of the online sports-betting market.

    Market Segment Insights

    By Type: Fixed Odds Betting (Largest) vs. Live Betting (Fastest-Growing)

    In the current landscape of the online sports-betting market, Fixed Odds Betting stands as the largest segment, commanding a substantial share of the market. It appeals to traditional bettors who prefer the certainty of pre-defined odds, thus influencing overall market dynamics. In contrast, Live Betting is gaining traction, becoming increasingly popular among users who enjoy real-time betting experiences as games unfold, thereby reshaping betting trends. The growth of the segment is largely attributed to technological advancements and an increase in live sports coverage that encourages real-time participation. Demographic shifts, particularly the younger audience gravitating towards online platforms, are fueling the demand for diverse betting options. As a result, Live Betting has emerged as the fastest-growing segment, driven by innovations that enhance user engagement and satisfaction.

    Fixed Odds Betting (Dominant) vs. Live Betting (Emerging)

    Fixed Odds Betting has established itself as the dominant force in the online sports-betting market due to its straightforward nature, allowing bettors to wager on events with set odds. Its appeal is heightened by its familiarity and accessibility, making it a go-to option for many users. Conversely, Live Betting is seen as an emerging segment, captivating users with its dynamic format that allows for mid-event wagers. This segment caters to a more tech-savvy audience, enhancing user experience through interactive features and real-time updates. As these segments develop, they showcase contrasting preferences among bettors, with Fixed Odds Betting representing traditional wagering habits while Live Betting reflects the evolution of consumer demand for innovative betting experiences.

    By Device Type: Mobile (Largest) vs. Desktop (Fastest-Growing)

    In the online sports-betting market, Mobile devices have emerged as the largest segment, capturing a significant share due to their convenience and accessibility. Customers increasingly prefer using their smartphones to place bets, reflecting a shift in user behavior towards mobile-first solutions. This trend is supported by an ever-growing smartphone penetration and availability of high-speed internet, further enhancing the appeal of betting via mobile platforms. Desktop, while currently smaller in market share compared to Mobile, is noted for its rapid growth, driven by the resurgence of at-home gaming experiences. Market players are focusing on enhancing desktop interfaces and user experiences to attract loyal customers. As consumers seek more immersive and interactive betting experiences, the desktop segment is likely to grow at an accelerated pace, providing competition to the dominant mobile platform.

    Mobile (Dominant) vs. Desktop (Emerging)

    Mobile devices dominate the online sports-betting market due to their versatility and ease of access, catering to a wide range of users who prefer betting on the go. The proliferation of mobile applications and responsive web designs has made mobile betting seamless, allowing users to place bets anytime and anywhere. This segment's rapid technological advancements contribute to its leading position. On the other hand, the desktop segment is emerging as a noteworthy competitor, particularly among dedicated bettors seeking comprehensive experiences. Enhanced graphical interfaces and feature-rich platforms appeal to a niche audience. With increasing investments in technology and marketing, the desktop category is poised to capitalize on its unique advantages, positioning itself as a significant player in the evolving landscape.

    By Sports Category: Football (Largest) vs. Basketball (Fastest-Growing)

    In the online sports-betting market, Football dominates the market share, appealing to a wide range of bettors due to its popularity and extensive event coverage. With its large fan base and extensive betting options, Football has successfully retained its position as the primary choice for bettors in this market. In contrast, Basketball is quickly gaining traction, particularly with the rising interest in NBA games and tournaments. Its growing international appeal and the increase in digital betting platforms have contributed to its expanding market share. The growth trajectory for these segments is driven by enhanced user engagement, targeted marketing strategies, and advancements in technology that facilitate real-time betting. Football's enduring popularity is supported by strategic league partnerships and a steady influx of new bettors. Conversely, Basketball is poised for significant growth as betting on collegiate and professional leagues becomes more mainstream, supported by a surge in esports events that appeal to younger audiences.

    Football: Dominant vs. Basketball: Emerging

    Football, as the dominant segment in the online sports-betting market, possesses a loyal following and diverse betting options that appeal to a broad demographic. Its strong branding and media coverage create an engaging environment for bettors, which maintains its lead in market share. On the other hand, Basketball is represented as an emerging segment, benefitting from heightened interest from both casual and serious bettors. The sport's dynamic nature and the frequent scheduling of games make it an attractive choice for betting. Moreover, with the rise of online platforms and engaging promotional activities, Basketball is well-positioned to capture a more significant segment of the betting market as it continues to evolve and gain popularity.

    By Payment Method: Credit/Debit Card (Largest) vs. E-Wallets (Fastest-Growing)

    In the North America online sports-betting market, the payment method landscape is dominated by Credit/Debit Cards, which hold the largest market share. E-Wallets follow closely behind, representing a significant and growing portion of the total payment methods utilized by bettors. Bank Transfers and Cryptocurrency are also present but have not captured the same level of engagement, reflecting varied preferences among users. The distribution showcases a preference for familiar, traditional payment methods alongside a rising inclination towards more innovative and flexible solutions. The growth trends indicate that while Credit/Debit Cards remain a staple due to their widespread acceptance and ease of use, E-Wallets are emerging rapidly, driven by increasing consumer confidence in digital payment solutions. Factors contributing to this growth include enhanced security features, faster transaction times, and promotional incentives offered by betting platforms. This dual trend highlights a shifting landscape where traditional methods coexist with tech-driven solutions, appealing to different segments of the bettor demographic.

    Credit/Debit Card: Dominant vs. E-Wallets: Emerging

    Credit/Debit Cards are a dominant force in the North America online sports-betting market, providing users with a reliable and widely accepted means of transaction. Their familiarity among bettors contributes to their preferred status, as they facilitate instant deposits and withdrawals. In contrast, E-Wallets are categorized as an emerging trend due to their rapid adoption rate and appeal to tech-savvy users. E-Wallets provide additional layers of security, anonymity, and quick processing times, making them increasingly attractive to younger bettors. As operators enhance compatibility with multiple payment options, the interplay between traditional and emerging methods will shape the competitive landscape within the market.

    Get more detailed insights about North America Online Sports Betting Market

    Regional Insights

    US : A Hub of Sports Betting Innovation

    The US online sports-betting market holds a commanding 14.5% share, reflecting a robust valuation driven by increasing consumer interest and favorable regulatory changes. Key growth drivers include the legalization of sports betting in multiple states, technological advancements in mobile platforms, and a surge in sports viewership. Government initiatives, such as state-level regulations, have fostered a competitive environment, while infrastructure improvements in digital payment systems have enhanced user experience.

    Canada : Regulatory Changes Fueling Interest

    Canada's online sports-betting market, with a 1.6% share, is on the rise, spurred by recent legislative changes allowing single-event betting. The demand for online platforms is increasing as consumers seek more accessible and diverse betting options. Provincial regulations are evolving, and government initiatives are aimed at ensuring responsible gambling while promoting market growth. The development of digital infrastructure is also crucial for enhancing user engagement and security.

    Key Players and Competitive Insights

    The online sports-betting market in North America is characterized by a rapidly evolving competitive landscape, driven by technological advancements and regulatory changes. Major players such as DraftKings (US), FanDuel (US), and BetMGM (US) are at the forefront, each employing distinct strategies to capture market share. DraftKings (US) focuses on innovation through its user-friendly platform and extensive marketing campaigns, while FanDuel (US) emphasizes partnerships with major sports leagues to enhance brand visibility. BetMGM (US) leverages its affiliation with MGM Resorts to create a seamless integration of online and offline betting experiences, thereby appealing to a broader audience. Collectively, these strategies contribute to a dynamic environment where competition is fierce, and differentiation is key.

    In terms of business tactics, companies are increasingly localizing their offerings to cater to regional preferences, optimizing their supply chains to enhance efficiency. The market structure appears moderately fragmented, with several key players vying for dominance. This fragmentation allows for diverse consumer choices but also intensifies competition among operators, as they strive to establish unique value propositions.

    In October 2025, DraftKings (US) announced a strategic partnership with a leading technology firm to enhance its data analytics capabilities. This move is likely to bolster its ability to offer personalized betting experiences, thereby attracting a more extensive user base. By harnessing advanced analytics, DraftKings (US) aims to refine its marketing strategies and improve customer retention, positioning itself as a leader in the data-driven betting landscape.

    In September 2025, FanDuel (US) expanded its operations into new states, capitalizing on recent legislative changes that have legalized sports betting. This expansion is significant as it not only increases FanDuel's market presence but also allows the company to tap into previously underserved markets. The strategic timing of this move suggests a proactive approach to capitalize on emerging opportunities, potentially leading to increased revenue streams.

    In August 2025, BetMGM (US) launched a new mobile app feature that integrates live betting options with real-time game statistics. This innovation is crucial as it enhances user engagement and provides bettors with a more immersive experience. By focusing on technological enhancements, BetMGM (US) is likely to attract tech-savvy consumers who seek dynamic betting experiences, thereby strengthening its competitive position.

    As of November 2025, current trends in the online sports-betting market include a pronounced shift towards digitalization, with companies increasingly adopting AI technologies to enhance user experiences and operational efficiencies. Strategic alliances are becoming more prevalent, as firms recognize the value of collaboration in navigating regulatory complexities and expanding market reach. Looking ahead, competitive differentiation is expected to evolve, with a greater emphasis on innovation and technology rather than solely on pricing strategies. This shift indicates a potential transformation in how companies approach competition, focusing on delivering superior customer experiences and reliable service.

    Key Companies in the North America Online Sports Betting Market market include

    Industry Developments

    The North America Online Sports Betting Market is witnessing significant growth, with states like New York and New Jersey leading the way in revenue generation. In recent developments, FanDuel announced plans to expand its offerings in both the DFS and sports betting sectors, while DraftKings continues to invest in technology enhancements to improve user experiences. ESPN Bet (formerly Barstool Sportsbook under Penn Entertainment) expanded into North Carolina on May 14, 2024, signifying its 18th operational U.S. state. The company achieved market access through a partnership with a local casino operator. 

    In order to fortify its market leadership through sophisticated live data capabilities, FanDuel announced a strategic integration with Genius Sports on February 8, 2024, to improve real-time in-game betting features across its U.S. sportsbook. The ongoing expansion efforts by companies such as BetMGM and Unibet reflect their significant long-term growth strategy in this competitive environment. States are increasing regulatory frameworks to support the growth of the online sports betting market, while public sentiment also shifts positively towards sports wagering.

    With the North American online sports betting market expected to surpass $25 billion by 2024, all eyes remain on the integration of emerging technologies in this evolving landscape.

    Future Outlook

    North America Online Sports Betting Market Future Outlook

    The online sports-betting market is projected to grow at a 12.82% CAGR from 2024 to 2035, driven by technological advancements, regulatory changes, and increasing consumer engagement.

    New opportunities lie in:

    • Integration of AI-driven analytics for personalized betting experiences.
    • Expansion of mobile betting applications to enhance user accessibility.
    • Development of blockchain-based platforms for secure transactions.

    By 2035, the market is expected to achieve substantial growth, driven by innovation and evolving consumer preferences.

    Market Segmentation

    North America Online Sports Betting Market Type Outlook

    • Fixed Odds Betting
    • Exchange Betting
    • Live Betting
    • Parlay Betting

    North America Online Sports Betting Market Device Type Outlook

    • Desktop
    • Mobile
    • Tablet

    North America Online Sports Betting Market Payment Method Outlook

    • Credit/Debit Card
    • E-Wallets
    • Bank Transfer
    • Cryptocurrency

    North America Online Sports Betting Market Sports Category Outlook

    • Football
    • Basketball
    • Tennis
    • Cricket
    • Esports

    Report Scope

    MARKET SIZE 202416.1(USD Billion)
    MARKET SIZE 202518.17(USD Billion)
    MARKET SIZE 203560.71(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)12.82% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies Profiled["DraftKings (US)", "FanDuel (US)", "BetMGM (US)", "William Hill (GB)", "Paddy Power (IE)", "Bet365 (GB)", "Unibet (SE)", "888sport (GI)", "PointsBet (AU)"]
    Segments CoveredType, Device Type, Sports Category, Payment Method
    Key Market OpportunitiesIntegration of advanced analytics and AI to enhance user experience in the online sports-betting market.
    Key Market DynamicsRegulatory changes and technological advancements are reshaping the competitive landscape of the online sports-betting market.
    Countries CoveredUS, Canada

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    FAQs

    What is the projected market size of the North America Online Sports Betting Market for 2024?

    The North America Online Sports Betting Market is expected to be valued at 16.5 USD Billion in 2024.

    What will be the market size of the North America Online Sports Betting Market by 2035?

    By 2035, the North America Online Sports Betting Market is anticipated to reach a value of 62.0 USD Billion.

    What is the expected CAGR for the North America Online Sports Betting Market from 2025 to 2035?

    The market is expected to grow at a CAGR of 12.788% from 2025 to 2035.

    Which region holds the largest market share in the North America Online Sports Betting Market?

    The United States is projected to hold the largest market share, valued at 12.0 USD Billion in 2024 and expected to grow to 46.0 USD Billion by 2035.

    What are the key players in the North America Online Sports Betting Market?

    Key players in the market include BetMGM, DraftKings, FanDuel, Caesars Entertainment, and William Hill among others.

    What is the market size for Football betting in 2024 and 2035?

    Football betting is valued at 6.0 USD Billion in 2024 and is expected to reach 20.5 USD Billion by 2035.

    How will the market size for Horse Racing/Riding change from 2024 to 2035?

    Horse Racing/Riding betting is expected to grow from 4.5 USD Billion in 2024 to 16.0 USD Billion by 2035.

    What is the expected growth of the Car Racing segment in the North America Online Sports Betting Market?

    Car Racing betting is projected to increase from 2.0 USD Billion in 2024 to 7.0 USD Billion in 2035.

    What challenges are likely to impact the growth of the North America Online Sports Betting Market?

    Challenges facing the market may include regulatory hurdles and increasing competition among operators.

    What are the growth prospects for the Online Sports Betting Market in Canada?

    Canada's Online Sports Betting Market is projected to grow from 4.5 USD Billion in 2024 to 16.0 USD Billion by 2035.

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