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Highlights of the Report
The Vixio report provides a detailed analysis of the factors driving the rapid growth of the US iGaming market. The market is expected to grow by 22% year-on-year, reaching $8.2 billion in gross gaming revenue by 2024.
Drivers of Growth
- Consumer Trends: The increasing popularity of online gaming among US consumers is a key factor in the market’s expansion.
- Technological Innovations: Advancements in technology are making online gaming more accessible and enjoyable for users.
- Regulatory Frameworks: Progressive legalization and regulation of iGaming across various states are creating a favorable environment for market growth.
Market Comparison
While the UK has traditionally been the leader in the global iGaming market, the rapid expansion in the US is set to shift this balance. By the end of 2024, the US is expected to surpass the UK, becoming the largest iGaming market in the world.
Looking Ahead
The future of the US iGaming market looks promising, with continued growth anticipated due to further technological advancements and regulatory developments. As more states move to legalize online gaming, the market is expected to see sustained growth, solidifying its position as the global leader.
Stay informed about the latest developments in the US iGaming market as it gears up to become the world’s largest online gaming hub by 2024.
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