North America's gambling market is set to end 2024 on a positive note. While development is anticipated to slow down next year, Chad Beynon, the Wall Street analyst from Macquarie, forecasts a significant rebound in 2026.
Key Figures and Facts
In recent years, bookmakers have experienced substantial evolution in the US. The majority of locals now have access to all types of sports wagering, with only a few states still to legalise this activity. The same applies to the gambling industry in general.
Mr Beynon recently shared insights with CDC Gaming, highlighting key figures. The analyst observed that Q2 2024 outcomes surpassed all expectations.
Mr Beynon noted that a robust beginning of Q2 2024 was boosted by events such as:
- Copa America (Argentina's win over Colombia was considered neutral);
- Wimbledon (Carlos Alcaraz's victory had a positive impact on sportsbooks);
- Euro 2024 (Spain's 2−1 victory over England was viewed as having a negative effect).
Projected year-over-year income growth for Q2 2024 is as follows:
- 34% in online gambling;
- 39% in sports wagering;
- 27% in iGaming.
Despite a flat online betting hold, operators are expected to post solid results for the period. Thus, it is anticipated that DraftKings, Flutter, and RSI's North American segments are set up nicely to outperform in the second quarter.
Earlier this year, these companies revised their income guidance:
- RSI's revenues are projected to grow from 17% to 24%;
- DraftKings' earnings expected to rise from 31% to 36%;
- Flutter's forecast remains unchanged (36%).
According to Mr Beynon, most operators are on track to meet or exceed income guidance, reflecting optimism for the industry’s performance.
Expected revenue increase for the whole current year is as follows:
- 30% in online gambling;
- 34% in sports wagering;
- 24% in iGaming.
Growth is predicted to slow to 11% in 2025. Yet, Mr Beynon's report forecasts a fast recovery in 2026, with online gaming revenue anticipated to increase by 27% year-over-year.
Start a trustworthy gambling business anywhere in the world with the Casino Market studio. Contact us to obtain a licence to operate legally. We also offer profitable software from leading providers for sale and rent.
Have questions or want to order services?
Contact our consultants:
- e-mail: manager@casino-market.com
- Skype: support.casinosupermarket
- feedback form.
Check the information used to contact us carefully. It is necessary for your safety.
Fraudsters can use contacts that look like ours to scam customers. Therefore, we ask you to enter only the addresses that are indicated on our official website.
Be careful! Our team is not responsible for the activities of persons using similar contact details.
