The online casino market in the US is the biggest in the world. It is unlikely that this is going to change any time soon as more and more states are either already working on plans on how to regulate an online gaming market, or at least garnering the support of corporations and the public. Today we are going to take a look at the biggest players in the online casino industry in the US.
The Biggest Players in the Online Casino Industry in the US
Many new casinos enter the market every year, and players can sometimes feel overwhelmed. An avid player should know the existing casinos, especially in newly regulated markets like Pennsylvania, to keep informed about the new ones to enjoy all the benefits of a legal gambling market.
Let’s examine the top players in the U.S. online casino market based on GGR market share for Q4 of 2020.
With a 16% share of the market, DraftKings shares the top spot on the list with Rivers. The popular daily fantasy competitions company DraftKings is also establishing itself as a major force in the American online casino industry in WV, PA, and NJ.
75% of the 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 US, SugarHouse-Rivers is ranked close second on the list. Rush Street Interactive is the owner of Sugarhouse-Rivers Casino. The business runs iGaming establishments in New Jersey and Pennsylvania.
SugarHouse Casino was among the first operators to receive a gaming license in Pennsylvania. The license enabled SugarHouse to provide residents of Pennsylvania with online access to slots, poker, and table games.
Third in ranking with about 15% of the market share is Betfair-Fanduel. 2018 saw the merger of the American operations of FanDuel and Paddy Power Betfair. Together, they run internet casinos in New Jersey and Pennsylvania.
Flutter Entertainment, their conglomerate, owns both businesses. Flutter is a global gaming titan with more than 13 million players.
With about 13% of the market share, ROAR took the fourth spot. The BetMGM, PartyCasino, Borgata, and PartyPoker brands are part of the collaboration between GVC Holdings and MGM Resorts International. ROAR Digital operates live iGaming establishments in NJ and WV under the brand BetMGM.
The Golden Nugget online casino is ranked fifth with a 6% market share. Golden Nugget now only runs its gaming website in NJ, where it dominates the industry. The company’s merger with SPAC Landcadia Holdings II was the driving force behind the success the company has 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 biggest in the world, and it’s not only due to the gambling juggernauts like Las Vegas but also due to the rise of online gaming over the past five years.
There is a sizable market for online casinos in the United States. According to Statista, despite stringent regulations, the traditional US gambling business still contributes over $137.5 billion yearly to the US economy and directly employs more than 730 thousand people.
Online casinos are well-positioned to draw customers and capture market share in this expanding business as more and more states decide to regulate gaming markets.