Flutter Entertainment, one of the world’s largest online gambling companies, has made a bold prediction regarding the future of the U.S. online gambling market. According to the company, they believe that the market will surge past $60 billion by the year 2030.
This prediction comes as no surprise to many industry experts, as the U.S. online gambling market has been experiencing tremendous growth in recent years. With the legalization of online sports betting in several states, as well as the continued expansion of online casino gaming, the market is poised for even more growth in the coming years.
Flutter Entertainment, which owns popular online gambling brands such as FanDuel and PokerStars, has been at the forefront of this growth. The company has been investing heavily in the U.S. market, acquiring new licenses and partnerships to expand their reach across the country.
According to Peter Jackson, CEO of Flutter Entertainment, the company is confident in their prediction due to the increasing acceptance of online gambling in the U.S. “We have seen a shift in attitudes towards online gambling in the U.S., with more and more states legalizing it and more players participating in online gaming,” Jackson said.
In addition to the legalization of online gambling in more states, Jackson also points to the rise of mobile gaming as a key factor in the market’s growth. “With the increasing popularity of smartphones and mobile devices, more players are now able to access online gambling services from anywhere, at any time,” he explained.
While some may be skeptical of Flutter Entertainment’s prediction, industry analysts tend to agree with their assessment. Chris Grove, managing director of Eilers & Krejcik Gaming, a research firm specializing in the gambling industry, believes that the $60 billion prediction is realistic based on current trends.
“Growth in the U.S. online gambling market has been impressive in recent years, and there is no reason to believe that this trend will not continue,” Grove said. “As more states legalize online gambling and more players embrace the convenience of mobile gaming, we expect the market to surpass $60 billion by 2030.”
Regardless of whether Flutter Entertainment’s prediction comes true, one thing is certain – the U.S. online gambling market is set to experience significant growth in the coming years. With more states legalizing online gambling and more players embracing the convenience of mobile gaming, the market is poised to become a major player in the global online gambling industry.