Eilers & Krejcik Gaming (EKG), supported by information from Fantini Analysis, has launched a brand new report detailing the efficiency of on-line sports activities betting and playing operators in the US for the primary quarter of 2024. The report consists of information from 28 casinos throughout six states, representing roughly 64% of the U.S. iGaming market. This broad information pool permits EKG to undertaking that gross gaming income from U.S. iGaming will attain an estimated $7.3 billion in 2024, an increase from $6.5 billion in 2023.
In accordance with the report, the primary quarter of 2024 noticed on-line on line casino manufacturers reporting gross gaming income of $2 billion {dollars}, up considerably from $1.5 billion throughout the identical interval final 12 months. This development is attributed to the robust efficiency of main operators, with FanDuel, DraftKings, and BetMGM main the pack. Notably, these three operators alone comprised 89% of the market share within the first quarter.
FanDuel continues to guide, producing 35% of the entire gross gaming income from iGaming, sustaining its efficiency from Q1 2023. Nevertheless, DraftKings has closed the hole significantly, accounting for 30% of the gross gaming income, up from 25% within the earlier 12 months. BetMGM additionally confirmed sturdy development, growing its share to 19% from 15% year-over-year.
Caesars Digital remained regular, securing about 5% of the entire income, in line with its efficiency in Q1 2023. This top-four dominance highlights the aggressive nature of the U.S. iGaming market and the numerous market penetration these firms have achieved.
Actual Cash On-line Casinos within the Lead
The sector is dominated by actual cash on-line casinos, projected to generate 7.4 billion {dollars} in web income in 2024. The report additionally notes the growing recognition of sweepstakes gaming, anticipated to herald $2.9 billion in web income for 2024, up from $1.9 billion the earlier 12 months. Social casinos additionally maintained their momentum with $3.4 billion in web income.
EKG’s report additionally sheds mild on the highest iGaming titles and their suppliers. IGT’s Crash Eruption topped the listing, obtainable on 27 on-line on line casino web sites, with gamers wagering a mean of $1.75 per guess. Video games World’s Fish Em Up and AGS’ Capital Features additionally ranked excessive, with the latter averaging $2.20 per guess throughout 20 websites.
This report not solely illustrates the shifting dynamics inside the US iGaming market but in addition underscores the continuing development and enlargement of main operators. The aggressive panorama is prone to evolve as these firms proceed to vie for a bigger share of the market, pushed by strategic partnerships and improvements in gaming content material. Furthermore, increasingly more American states are discussing legalizing on-line playing, doubtlessly creating a good greater market.
