DUBLIN--(BUSINESS WIRE)--The "US Sports Betting Market: Industry Analysis & Outlook (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
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.
In May 2018, the federal ban on sports betting was overturned when the 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.
Market Dynamics
Growth Drivers
- Accelerating Economy Growth
- Rising Internet Penetration
- Adoption of Internet Based Devices
- Easy Government Regulations
Key Trends & Developments
- Digitalization in Sports Betting
- Growing Betting on Video Sports/E-Sports
- Growing Mobile Betting
- Increased Penetration of Debit and Credit Card
Challenges
- High Tax Rates
- Regulations on Betting in Some States
Key Topics Covered
1. Market Overview
2. The U.S. Market
3. Regional Market
4. Market Dynamics
5. Competitive Landscape
6. Company Profiles
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888 Holdings
- GVC Holdings
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Paddy Power Betfair
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William Hill
For more information about this report visit https://www.researchandmarkets.com/research/qnjjfh/us_sports_betting?w=4
