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    US Online Sports Betting Market

    ID: MRFR/ICT/16342-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US 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) and By Mobile-Based (iOS, Android) - Forecast to 2035

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    US Online Sports Betting Market Infographic
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    US Online Sports Betting Market Summary

    As per MRFR analysis, the US online sports-betting market Size was estimated at 12.5 USD Billion in 2024. The US online sports-betting market is projected to grow from 14.18 USD Billion in 2025 to 50.0 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 13.43% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The US online sports-betting market is experiencing robust growth driven by technological advancements and regulatory changes.

    • Technological advancements are reshaping the online sports-betting landscape, enhancing user experience and engagement.
    • The diversification of betting options, including live betting and esports, is attracting a broader audience and increasing market participation.
    • Mobile accessibility continues to rise, making betting more convenient and accessible for users across various demographics.
    • Key market drivers such as the expansion of legal frameworks and the integration of advanced analytics are propelling market growth and innovation.

    Market Size & Forecast

    2024 Market Size 12.5 (USD Billion)
    2035 Market Size 50.0 (USD Billion)

    Major Players

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

    US Online Sports Betting Market Trends

    The online sports-betting market is currently experiencing a transformative phase, characterized by rapid growth and evolving consumer preferences. As states continue to legalize and regulate sports betting, a notable increase in participation is observed. This trend is driven by technological advancements, which enhance user experience through mobile applications and live betting options. Furthermore, the integration of social media and digital marketing strategies appears to play a crucial role in attracting a younger demographic, who are increasingly engaging with sports betting platforms. This shift in consumer behavior suggests a potential for sustained growth in the market, as more individuals seek convenient and interactive ways to place bets. In addition to the rise in participation, the online sports-betting market is witnessing a diversification of offerings. Operators are expanding their services to include various betting options, such as in-play betting and fantasy sports, which cater to a broader audience. This diversification not only enhances user engagement but also increases revenue potential for operators. As the market continues to mature, regulatory frameworks are likely to evolve, ensuring consumer protection and responsible gambling practices. Overall, the online sports-betting market is poised for continued expansion, driven by innovation and changing consumer dynamics.

    Technological Advancements

    The online sports-betting market is increasingly influenced by technological innovations. Enhanced mobile applications and live betting features are becoming standard, providing users with seamless experiences. These advancements facilitate real-time betting, allowing participants to engage more dynamically with events as they unfold.

    Diversification of Betting Options

    Operators are broadening their offerings within the online sports-betting market. This includes the introduction of in-play betting and fantasy sports, appealing to a wider range of consumers. Such diversification not only boosts user engagement but also enhances revenue opportunities for operators.

    Regulatory Developments

    As more states legalize sports betting, the online sports-betting market is subject to evolving regulatory frameworks. These developments aim to ensure consumer protection and promote responsible gambling practices. The establishment of clear regulations may foster a safer environment for participants, potentially increasing market trust.

    US Online Sports Betting Market Drivers

    Rise of Esports Betting

    The online sports-betting market is experiencing a notable rise in esports betting, reflecting changing consumer interests and the growing popularity of competitive gaming. As of November 2025, esports betting accounts for approximately 15% of the total online betting volume, indicating a significant shift in the types of events being wagered on. This trend is particularly appealing to younger audiences who are more engaged with digital entertainment. The online sports-betting market is adapting to this demand by offering specialized platforms and betting options tailored to esports events. This diversification may attract new customers and increase overall market participation, suggesting a promising avenue for future growth.

    Enhanced Payment Solutions

    The online sports-betting market is benefiting from enhanced payment solutions that facilitate seamless transactions for users. The introduction of various payment methods, including digital wallets, cryptocurrencies, and instant bank transfers, is likely to improve user experience and increase transaction volumes. As of 2025, it is estimated that around 40% of online sports bets are placed using alternative payment methods, reflecting a shift towards more flexible and secure payment options. This trend not only caters to consumer preferences but also enhances the overall efficiency of the betting process. The online sports-betting market is thus positioned to capitalize on these advancements, potentially leading to increased customer retention and higher revenue streams.

    Expansion of Legal Frameworks

    The online sports-betting market is witnessing an expansion of legal frameworks across various states, which is likely to enhance market growth. As of November 2025, over 30 states have legalized some form of online sports betting, contributing to a market valuation exceeding $10 billion. This regulatory shift not only legitimizes the industry but also encourages responsible gambling practices. States are implementing robust regulatory measures to ensure consumer protection and fair play, which may foster greater trust among users. The online sports-betting market is thus benefiting from this evolving legal landscape, as it provides a structured environment for operators and consumers alike, potentially leading to increased participation and revenue generation.

    Increased Mobile Accessibility

    The online sports-betting market is experiencing a surge in mobile accessibility, driven by the proliferation of smartphones and mobile applications. As of 2025, approximately 70% of all sports bets are placed via mobile devices, reflecting a significant shift in consumer behavior. This trend is likely to continue as technology evolves, making betting more convenient and user-friendly. The rise of mobile betting apps has enabled operators to reach a broader audience, particularly younger demographics who prefer mobile platforms. Furthermore, the integration of features such as live betting and in-app promotions enhances user engagement, potentially increasing overall market revenue. The online sports-betting market is thus positioned to benefit from this mobile-centric approach, as operators invest in optimizing their platforms for mobile users.

    Integration of Advanced Analytics

    The online sports-betting market is increasingly integrating advanced analytics and data-driven strategies to enhance user experience and operational efficiency. Operators are leveraging big data to analyze betting patterns, consumer preferences, and market trends, which may lead to more personalized offerings. As of 2025, it is estimated that around 60% of operators utilize predictive analytics to optimize their betting platforms. This trend not only improves customer satisfaction but also aids in risk management and fraud detection. The online sports-betting market is thus evolving into a more sophisticated ecosystem, where data analytics plays a crucial role in decision-making and strategy formulation, potentially driving higher engagement and profitability.

    Market Segment Insights

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

    In the US online sports-betting market, Fixed Odds Betting commands the largest share among the various betting types, reflecting its broad acceptance and familiarity among bettors. Conversely, Live Betting is emerging as a significant player, attracting a growing customer base due to its dynamic nature and the excitement of betting in real-time during games. The growth trends in the US online sports-betting market indicate that Live Betting is rapidly gaining traction, driven by advancements in technology and user engagement strategies. As sportsbooks enhance their platforms with real-time analytics and interactive features, more bettors are choosing Live Betting for its unique experiences. Additionally, the changing regulatory landscape is providing further opportunities for innovation, making this an exciting time for both Fixed Odds and Live Betting segments.

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

    Fixed Odds Betting is the dominant segment in the US online sports-betting market, providing bettors with a straightforward and reliable betting experience where odds are set in advance. This stability appeals to traditional bettors looking for a clear understanding of their potential returns. In contrast, Live Betting has emerged as a dynamic segment, allowing bettors to place wagers on events as they unfold. This segment is characterized by its fast-paced nature and requires bettors to quickly assess changing odds and game situations. The integration of in-game statistics and seamless mobile experiences enhances engagement, making Live Betting particularly popular among younger audiences who appreciate the thrill of real-time wagering.

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

    In the US online sports-betting market, the market share distribution among device types reveals that mobile platforms dominate user engagement, accounting for the largest share. This shift towards mobile is fueled by the convenience and accessibility of betting on the go, leading to a significant preference among users for mobile applications and responsive websites. On the other hand, desktop usage is declining, yet it remains a vital platform for users seeking a more extensive betting experience through larger screens and comprehensive tools. Growth trends within this segment indicate that while mobile continues to grow rapidly, positioning itself as the primary device for sports betting, desktop platforms are also witnessing a resurgence due to advanced features and improved user interfaces. The increasing adoption of high-speed internet and enhanced smartphone capabilities drives mobile growth. Furthermore, ongoing innovations in desktop functionalities cater to traditional users who value extensive betting options and analytics.

    Mobile (Dominant) vs. Desktop (Emerging)

    Mobile devices have become the dominant force in the US online sports-betting market, offering unparalleled convenience and immediate access to betting platforms. This surge is primarily due to the widespread use of smartphones among users, enabling them to place bets anytime and anywhere. The intuitive design and user-friendly interfaces of mobile apps enhance the overall betting experience, leading to higher engagement rates. In contrast, the desktop segment, though categorized as emerging, is experiencing revitalized interest. Enhanced desktop interfaces now provide advanced analytics, bigger screens, and comprehensive betting options which appeal to serious bettors who value detailed information and functionality over mobility. This trend reflects a balanced coexistence of both segments catering to distinct user preferences.

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

    In the US online sports-betting market, the distribution of market share among various sports categories showcases a competitive landscape. Football stands as the largest segment, capturing a significant share of the total market, appealing to immense audiences during key events like the Super Bowl. Basketball follows, exhibiting substantial participation rates, complemented by growing enthusiasm for collegiate and professional leagues, contributing to its notable market presence. Growth trends in this segment indicate an increasing shift towards digital platforms, with substantial investments in sports marketing and technological integration enhancing user experiences. The rapid proliferation of mobile wagering applications and live betting options foster heightened engagement, especially among younger demographics. Furthermore, the rise of esports is reshaping traditional betting paradigms, attracting new audiences and driving growth across the entire market.

    Football: Dominant vs. Basketball: Emerging

    Football is the dominant force in the sports-betting segment, supported by its cultural significance and extensive viewership, particularly during playoff seasons. Its established presence in both amateur and professional levels ensures consistent customer engagement and loyalty. The variety of betting options ranging from traditional match outcomes to player performance propels its appeal. Conversely, basketball is emerging rapidly as a favored betting choice, benefitting from innovative marketing campaigns and engaging formats such as live betting. Its strong following during March Madness and the NBA season showcases growth potential, making it a segment to watch. This dynamic interplay between the two sports illustrates the evolving landscape of the US online sports-betting market.

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

    In the US online sports-betting market, the payment method segment showcases a diverse distribution, with Credit/Debit Cards leading as the predominant choice among users. This method holds significant market share due to its widespread acceptance and user-friendly interface. E-Wallets, while currently smaller in share, are rapidly gaining traction, especially among younger bettors looking for convenience and speed in transactions. This shift illustrates the evolving preferences of consumers towards digital solutions. The growth trends in the payment method segment are heavily influenced by technological advancements and changing consumer behaviors. E-Wallets, in particular, are emerging as the fastest-growing option due to their enhanced security features and instant transaction capabilities. Additionally, the increasing integration of cryptocurrencies is contributing to diverse payment options, appealing to tech-savvy bettors. The competition among these methods is intensifying, pushing for improved user experiences and innovative features.

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

    Credit/Debit Cards are established as the dominant payment method in the US online sports-betting market, favored for their familiarity and ease of use across various platforms. Users appreciate the instant processing times and the security they offer through consumer protection policies. In contrast, E-Wallets are recognized as an emerging player, attracting bettors with their digital convenience and quick transaction processes. E-Wallets often feature advanced security measures, appealing to younger demographics seeking fast, hassle-free betting experiences. The growing acceptance of these methods reflects a broader trend towards digital innovation, catering to diverse user needs and preferences in payments.

    Get more detailed insights about US Online Sports Betting Market

    Key Players and Competitive Insights

    The online sports-betting market in the US 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.

    The market structure appears moderately fragmented, with several key players vying for dominance. Business tactics such as localized marketing and supply chain optimization are prevalent, as companies seek to tailor their offerings to regional preferences. The influence of these major players is substantial, as they not only shape consumer expectations but also set benchmarks for operational excellence within the industry.

    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 competitive edge by enabling more personalized user experiences and targeted marketing strategies. By harnessing advanced analytics, DraftKings (US) aims to refine its customer engagement and retention efforts, which could significantly impact its market position.

    In September 2025, FanDuel (US) expanded its operations into new states, capitalizing on recent legislative changes that favor online sports betting. This expansion is strategically important as it allows FanDuel (US) to tap into previously underserved markets, potentially increasing its user base and revenue streams. The company’s proactive approach to market entry reflects its commitment to growth and adaptability in a competitive landscape.

    In August 2025, BetMGM (US) launched a new loyalty program designed to enhance customer retention and engagement. This initiative is significant as it not only rewards existing customers but also attracts new users by offering compelling incentives. The loyalty program is indicative of a broader trend within the industry, where companies are increasingly focusing on customer experience as a means of differentiation.

    As of November 2025, current trends in the online sports-betting market include a strong emphasis on digitalization, sustainability, and the integration of artificial intelligence (AI) into operations. Strategic alliances are becoming increasingly important, as companies recognize the value of collaboration in enhancing technological capabilities and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based strategies to a focus on innovation, technology, and supply chain reliability. This shift underscores the necessity for companies to invest in cutting-edge solutions that not only meet consumer demands but also anticipate future market trends.

    Key Companies in the US Online Sports Betting Market market include

    Industry Developments

    Recent developments in the US Online Sports Betting Market have seen significant legislative progress, with states like California and Texas considering new regulations to expand online sports betting. In September 2023, FanDuel announced a partnership with the NFL for enhanced betting options, while DraftKings launched new features including live in-game betting. Notably, BetMGM reported a surge in user engagement after integrating digital experiences into their platform. In terms of mergers and acquisitions, Caesars Entertainment completed its acquisition of the sports betting platform William Hill in April 2021, increasing its market presence significantly.

    In August 2023, PointsBet announced its agreement to merge with ESPN Bet, a move anticipated to reshape market dynamics and enhance bettor engagement.The market valuation for companies like BetRivers and SugarHouse has grown as online betting activity surged in states that legalized the practice, with New Jersey and Pennsylvania seeing record revenue in the last two years. As of August 2023, the overall market continues to expand, driven by technological innovation and increasing state support for sports betting regulations, indicating a strong trajectory for growth in the coming years.

    Future Outlook

    US Online Sports Betting Market Future Outlook

    The online sports-betting market is projected to grow at a 13.43% CAGR from 2024 to 2035, driven by technological advancements, regulatory changes, and increasing consumer engagement.

    New opportunities lie in:

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

    By 2035, the online sports-betting market is expected to be robust and highly competitive.

    Market Segmentation

    US Online Sports Betting Market Type Outlook

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

    US Online Sports Betting Market Device Type Outlook

    • Desktop
    • Mobile
    • Tablet

    US Online Sports Betting Market Payment Method Outlook

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

    US Online Sports Betting Market Sports Category Outlook

    • Football
    • Basketball
    • Tennis
    • Cricket
    • Esports

    Report Scope

    MARKET SIZE 2024 12.5(USD Billion)
    MARKET SIZE 2025 14.18(USD Billion)
    MARKET SIZE 2035 50.0(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 13.43% (2024 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2024
    Market Forecast Units USD Billion
    Key Companies Profiled DraftKings (US), FanDuel (US), BetMGM (US), William Hill (GB), Paddy Power (IE), Bet365 (GB), Unibet (SE), 888sport (GI)
    Segments Covered Type, Device Type, Sports Category, Payment Method
    Key Market Opportunities Integration of advanced analytics and AI to enhance user experience in the online sports-betting market.
    Key Market Dynamics Regulatory changes and technological advancements are reshaping competitive dynamics in the online sports-betting market.
    Countries Covered US

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    FAQs

    What is the projected market size of the US Online Sports Betting Market in 2024?

    The US Online Sports Betting Market is projected to be valued at 12.88 USD Billion in 2024.

    What is the estimated market size of the US Online Sports Betting Market by 2035?

    By 2035, the US Online Sports Betting Market is expected to reach a valuation of 49.23 USD Billion.

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

    The US Online Sports Betting Market is expected to experience a CAGR of 12.963% from 2025 to 2035.

    Which sports type is anticipated to have the largest market share in 2024?

    Football is expected to dominate the market with a value of 5.0 USD Billion in 2024.

    How much is the Horse Racing segment valued at in 2024?

    The Horse Racing segment is valued at 3.25 USD Billion in the US Online Sports Betting Market for the year 2024.

    What is the projected market size for the Car Racing segment by 2035?

    The Car Racing segment is projected to be valued at 6.9 USD Billion by 2035.

    Who are the key players in the US Online Sports Betting Market?

    Major players in the market include DraftKings, FanDuel, BetMGM, and Caesars Entertainment among others.

    What is the value of the Cricket segment in 2024?

    The Cricket segment is valued at 1.2 USD Billion in the US Online Sports Betting Market for the year 2024.

    What are the primary growth drivers for the US Online Sports Betting Market?

    Growing acceptance of online betting, technological advancements, and increased mobile access are key growth drivers.

    What opportunities exist in the US Online Sports Betting Market?

    Emerging trends in technology and expanding legalization present significant opportunities for market growth.

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