The Casino and gaming industry is made up of Casinos, Lotteries, Sports betting & related, and others, out of which ‘others’ accounts for 16% of the market size with $66 billion.
Predicting results and making a bet on the outcome of traditional games is known as other forms of betting. The frequency of the games varies by culture, with most wagers being put on amateur and professional levels of the association including games like horse racing, track cycling, car racing, etc.
The market size of the ‘Others’ sector in the US reached a value of $16 billion in 2021, accounting for 25% of the global market size, making it the market leader in other forms of betting.
Earlier in the year 2020, the COVID-19 outbreak impacted the sector as most of the outdoor facilities were shut down and people were forced to spend most of their time in their homes, thereby with little to no sports taking place for the better part of the year, which in turn meant no betting activities. The business was shut down for most of the year due to the government’s restrictions and lockdowns. As a result of this, in the year 2020, the market value of other forms of betting in the US saw a growth of just 0.2%.
Even after the restrictions were eased and the other betting sector was witnessing a global recovery in demand, the US was one of the few regions with negative growth as the market further saw a de-growth of 0.6% in 2021, accounting for almost $0.1 billion.
The other betting market in the US grew at a CAGR of negative 1% during the period 2017-2021. This was primarily on account of the restrictions placed in the country. The market in the US was seeing negative growth even before the pandemic hit as the public was shifting towards sports betting and Casinos which saw huge growth during the same period.
The major companies in the US that have a strong presence in ‘Other’ betting include Churchill Downs Incorporated, TVG, and BetAmerica among others.
United States of America
United States of America
United States of America
United States of America
United States of America
Malaysia
United Kingdom
France
United Kingdom
Hong Kong
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer
Contact the team or request a demo to find out how our data can drive your business forward