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FanDuel, DraftKings, BetMGM-led U.S. iGame Market Forecasts $7.3 Billion In 2024

Eiler & Krejcik Gaming (EKG), based on data from Fantini Research, has released a new report detailing the performance of online sports betting and gambling operators in the United States in the first quarter of 2024. The report includes data from 28 casinos in six states, which account for about 64% of the U.S. iGaming market. With this extensive pool of data, EKG can expect U.S. iGaming's total gaming revenue to reach about $7.3 billion in 2024, up from $6.5 billion in 2023.

According to the report, the online casino brand's total gaming revenue was $2 billion in the first quarter of 2024, up from $1.5 billion in the same period last year. The growth was attributed to strong performance by major operators, with FanDuel, DraftKings and BetMGM leading the pack. In particular, only these three operators accounted for 89% of the market share in the first quarter.

FanDuel has maintained its performance since the first quarter of 2023, generating 35% of total gaming revenue from iGaming. However, DraftKings has significantly narrowed the gap, accounting for 30% of total gaming revenue. BetMGM has also seen solid growth, increasing its weight from 15% to 19% year-over-year.

Caesars Digital remained stable, securing about 5% of its total revenue in line with its first quarter 2023 results. The dominance of these top four companies highlight the competitive nature of the U.S. iGaming market and the significant market penetration these companies have achieved.

Real Money Leading Online Casino

The segment is dominated by Real Money Online casinos, which are expected to bring in $7.4 billion in net revenue in 2024. The report also notes the growing popularity of sweepstakes games, which are expected to bring in $2.9 billion in net revenue in 2024, up from $1.9 billion a year earlier. Social casinos also maintained their momentum with $3.4 billion in net revenue.

EKG's report also sheds light on iGame's top titles and their vendors. IGT's Crash Evatu is available on 27 online casino websites, with players topping the list with an average of $1.75 per bet. Games Global's Fish Em Up and AGS' Capital Gaines also ranked high with an average of $2.20 per bet across 20 sites.  안전 슬롯사이트

The report highlights the ongoing growth and expansion of major players, as well as showcasing the changing dynamics within the U.S. iGaming market. The competition is likely to evolve as these companies continue to compete for more market share, fueled by strategic partnerships and innovations in gaming content. In addition, more and more U.S. states are discussing legalizing online gambling, potentially creating a larger market.