The online casino market in the United States is the largest in the world. That’s unlikely to change anytime soon, as more states are already working on plans to regulate an online gambling market, or at least gain corporate and public support. Today we are going to take a look at the biggest players in the US online casino industry.
The Biggest Players in the US Online Casino Industry
Many new casinos hit the market every year, and players can sometimes feel overwhelmed. An avid gambler should be familiar with existing casinos, especially in newly regulated markets like Pennsylvania, to keep up to date with new casinos to take advantage of all the benefits of a legal gambling market.
Let’s take a look at the top performers in the US online casino market based on GGR market share for Q4 2020.
With a 16% market share, DraftKings shares the top spot on the list with Rivers. Popular daily fantasy competition company DraftKings is also establishing itself as a major force in the US online casino industry in WV, PA and NJ.
75% of total online bets for West Virginia were made through DraftKings Casino in its first month of operation.
With a 16% share of the GGR market for online casinos in the United States, SugarHouse-Rivers is ranked second on the list. Rush Street Interactive is the owner of Sugarhouse-Rivers Casino. The company operates iGaming establishments in New Jersey and Pennsylvania.
SugarHouse Casino was among the first operators to receive a gaming license in Pennsylvania. The license allowed SugarHouse to provide Pennsylvania residents with online access to slots, poker and table games.
Betfair-Fanduel is third in the standings with around 15% market share. 2018 saw the merger of the US operations of FanDuel and Paddy Power Betfair. Together they operate online casinos in New Jersey and Pennsylvania.
Flutter Entertainment, their conglomerate, owns both companies. Flutter is a global gaming titan with over 13 million players.
With around 13% market share, ROAR took fourth place. The BetMGM, PartyCasino, Borgata and PartyPoker brands are part of the collaboration between GVC Holdings and MGM Resorts International. ROAR Digital operates live iGaming locations in NJ and WV under the BetMGM brand.
Golden Nugget online casino is ranked fifth with a market share of 6%. Golden Nugget now only operates its gaming website in New Jersey, where it dominates the industry. The company’s merger with SPAC Landcadia Holdings II was the driving force behind the company’s success in the Garden State.
How competitive is the US online casino industry?
As we’ve already mentioned, the US online casino industry is one of the largest in the world, and that’s not just due to gambling behemoths like Las Vegas, but also to the rise of gambling. online for the past five years.
There is a large market for online casinos in the United States. According to Statista, despite strict regulations, the traditional American gambling industry still contributes more than $137.5 billion a year to the US economy and directly employs more than 730,000 people.
Online casinos are well positioned to attract customers and capture market share in this growing business as more and more states move to regulate gambling markets.