US Sports Betting Market Analysis
The US Sports Betting Market has experienced rapid growth, from nearly $13 billion in 2019 to an estimated significantly higher value in 2025.
This surge is driven by increased state-level legalization and the rise of mobile betting. The market saw explosive growth between 2020 and 2021, followed by more stable growth in subsequent years. Despite economic pressures, the Sports betting Market in the US is expected to grow by almost 16% in 2025, though the pace will significantly slow down in the coming years, with over 3% growth forecasted for 2026.The industry remains lucrative despite decelerating growth, as market maturation follows the legalization of Sports Betting Industry.
US Sports Betting Market Trends
Consumer trends in the US sports betting market reveal a growing preference for mobile betting, with the majority of bettors using internet or mobile apps for wagers, especially among younger audiences. Younger men, in particular, are the primary demographic, while younger women also show significant interest. There is also a shift towards more personalized experiences, with bettors prioritizing ease of use and customized promotions. Consumers are increasingly seeking better loyalty incentives, with nearly 3 quarters of bettors feeling sportsbooks focus more on new customer deals than rewarding loyal users. Additionally, there is a heightened demand for responsible gambling measures, such as spending limits and self-exclusion tools, reflecting concerns about the impact of increased betting availability.
Purchasing the US Sports Betting Market Report for 2025 provides key insights into market dynamics, consumer behavior, platform awareness and preferences, betting frequency patterns, and sport-specific participation data. It offers detailed analysis of the competitive landscape, identifies critical gaps in customer loyalty programs, and provides actionable recommendations to help operators capture and retain diverse consumer segments in the Sports Betting Market.
About The Report
This US Sports Betting Market Report 2025 provides comprehensive insights into the Sports Betting Industry in the US, focusing on market drivers, state-by-state legalization status, digital advertising analysis, sports fandom trends, mobile versus in-person betting preferences, personalization opportunities, and responsible gambling initiatives. It covers areas including market growth, consumer demographics, betting behavior, and platform performance. The research also explores emerging opportunities, challenges, and competitive strategies. Areas surveyed include consumer sentiment, sports fandom, betting frequency, and preferences across various demographics. This report will benefit operators, marketers, investors, and anyone involved in the sports betting industry, offering valuable data to refine strategies, enhance customer engagement, and capitalize on growing Sports Betting Market size and Sports Betting Market revenue.
Key Topics Analyzed in the Report
- The US sports betting market and performance
- Factors impacting the sports betting landscape
- Sports betting history, interest, frequency, and interest by sport
- Reasons for choosing a specific sportsbook
- Sports betting platform awareness
- Consumer attitudes toward sports betting
| Report Attributes | Details |
|---|---|
| Published Date | May 2025 |
| Data Range | 2019-2029 |
| Measurement Metrics | Revenue in US $ |
| Country Focus | United States of America (USA) |
| Consumer Data | 2,000 internet users aged 18+, February 2025 |
| Number of Pages | 108 |
| Market Segmentation | Sports Betting Platforms, Mobile Apps, In-Person Betting Services, Loyalty Programs, Sportsbooks, Digital Advertising Channels, and Consumer Engagement Tools |
| Leading Companies | FanDuel, DraftKings, BetMGM, Caesars, Fanatics, ESPN BET, Bet365, BetRivers, Circa Sports, and SI Sportsbook |
Meet the Expert Behind the Analysis
This report was written by Gabe Sanchez. Gabe joined Mintel as an Automotive Analyst in July 2021. With a background in data analytics and account management, he has worked with clients in oil, insurance, and automotive sectors. Passionate about uncovering the “why,” he drives impactful decisions. Gabe holds a Marketing degree from the University of Illinois-Chicago.
The sports betting landscape is transforming rapidly, empowering fans while challenging operators to innovate and adapt to stay ahead.
Senior Automotive Analyst
-
EXECUTIVE SUMMARY
- What you need to know
- Market size & forecast
- Market predictions
- What consumers want & why
- What consumers want & why (cont’d)
- Opportunities
- Lean further into personalization
- Provide in-person experiences, compliment live viewing
- Partner with local sports hubs
- Engage bettors with storylines
- Align with lifestyles, beyond sports…
- …with cross-industry collaborations
- Align sportsbooks with social responsibility
- Consider subscriptions to boost loyalty
- Bring social listening onto the platform
-
MARKET DYNAMICS
- Market context
- Market drivers
- State of sports betting in the US
- FanDuel, DraftKings are the largest sportsbooks in the US
- FanDuel leads in digital advertising spend…
- Graph 1: digital advertising overview, YTD share of spend – analyzed sportsbooks, 2025
- …as other sportsbooks take varying approaches to capture attention
- Graph 2: YTD impressions, by channel – analyzed sportsbooks, 2025
- Graph 3: YTD spend, by channel – analyzed sportsbooks, 2025
- Economic growth is expected to decline in Q1 2025
- Graph 4: quarterly real GDP growth, 2021-25
- Consumer sentiment declines in April
- Graph 5: consumer sentiment index, 2022-25
- How economic trends impact sports betting
- Proposed ban on college player prop betting
- Market size and forecast
- Sports betting handle expected to increase amidst uncertainties
- Sports betting handle and forecast
- Sports betting: growth deceleration and mobile-driven opportunities
-
CONSUMER INSIGHTS
- Consumer fast facts
- Exploring men’s sports
- Majority of consumers are men’s sports fans
- Graph 6: men’s sports regularly watched, listened to, or followed, 2025
- Younger consumers are a driving force in men’s sports fandom
- Graph 7: regularly watch, listen to or follow men’s sports (NET), by age and gender, 2025
- Younger consumers are a driving force in today’s fandom
- Graph 8: men’s sports regularly watched, listened to or followed, by age, 2025
- National pastime to modern challenge: revitalizing baseball’s legacy
- MLB’s aim to boost fan engagement impacts bettors
- Representation and culture shape multicultural sports preferences
- Graph 9: men’s sports regularly watched, listened to or followed (select), Black and Hispanic consumers vs overall, 2025
- LIV and PGA “Tee Up” a merger
- Fathers: the MVPs of family sports fandom
- Graph 10: men’s sports regularly watched, listened to or followed, by parental status, 2025
- Exploring women’s sports
- Understanding growth and challenges of women’s sports
- Graph 11: women’s sports leagues regularly watched, listened to, or followed, 2025
- Bridging the gender gap in women’s sports fandom
- Graph 12: women’s sports leagues regularly watched, listened to, or followed (NET), by age and gender, 2025
- Younger audiences drive growth in women’s sports
- Graph 13: women’s sports leagues regularly watched, listened to, or followed, by age, 2025
- Women’s basketball, hockey surge in popularity
- Graph 14: women’s hockey engagement (professional vs collegiate), 2022 vs 2025
- Graph 15: women’s basketball engagement (processional vs collegiate), 2022 vs 2025
- From courtside to nosebleeds: the Caitlin Clark effect
- Black consumers propel women’s basketball
- Fathers lead in women’s sports engagement
- Graph 16: women’s sports leagues regularly watched, listened to or followed, by parental status, 2025
- Driving engagement across women’s sports
- Exploring fandom
- Understanding the spectrum of sports fandom
- Graph 17: self-indicated sports fandom, 2025
- Sports betting is a driving force in consumption, especially among the biggest fans
- Big fans and frequent bets: a deeper look at sports wagering
- Leveraging local fandom: Caesars Sportsbook connects with fans through White Sox partnership
- Bridge the gap in sports fandom with inclusive engagement
- Graph 18: self-indicated sports fandom, by gender, 2025
- Younger consumers are more likely to be big fans
- Graph 19: self-indicated sports fandom, by age, 2025
- Support big fans, win big
- Unlocking the power of black consumers’ sports fandom
- Pick’em or leave’em: gateway to engagement?
- Sports betting participation and frequency
- Access powers sports betting participation
- Graph 20: sports betting participation, 2025
- Younger consumers shape the future of sports betting
- Graph 21: sports betting participation in the past 12 months, by age, 2025
- Weekly wagers to rare bets: age and betting habits
- Graph 22: sports betting frequency, by age, 2025
- Age shifts in sports betting activity
- Graph 23: self-indicated betting activity year-over-year, by age, 2025
- Reaching active and infrequent bettors…
- …while keeping in mind their concerns
- Graph 24: attitudes toward betting amounts and protections, by age, 2025
- Building trust for the future: balancing engagement and responsibility amidst betting surge
- Multicultural consumers participate in sports betting…
- Graph 25: sports betting participation, by race, 2025
- …possibly motivated by (worsening) economic conditions
- Understanding higher betting frequency among Black and Hispanic communities
- Graph 26: sports betting frequency, by race, 2025
- DraftKings, FanDuel go beyond athletes to gain awareness
- Balancing safer betting practices with value for multicultural consumers
- Graph 27: self-indicated betting activity year-over-year, by race, 2025
- Fathers lead, but mothers indicate a growth opportunity
- Graph 28: sports betting participation, by parental status, 2025
- Parenthood provides extra layer of opportunity…
- Graph 29: self-indicated betting activity year-over-year, by parental status, 2025
- …to reach a prime demographic, younger consumers
- Urban bettors: connecting youthful, multicultural audiences through community hubs
- Graph 30: sports betting participation, by living area, 2025
- Connecting identity and play: LGBTQ+ voices in sports betting
- Graph 31: sports betting participation, by LGBTQ+, 2025
- Daily bets: LGBTQ+ trends in gambling
- Graph 32: self-indicated betting activity year-over-year, LGBTQ+ bettors vs overall, 2025
- Sports betting interest
- Future interest in sports betting driven by improving access and year-round action
- Graph 33: sports betting future interest in the next 6 months, 2025
- Younger consumers lead future sports betting interest, older consumers lag
- Graph 34: sports betting future interest in the next 6 months, by age, 2025
- Consider head-to-head betting options…
- …and group betting features to appeal to younger consumers
- Graph 35: “I would be interested in a group bet feature” (% agree), by age, 2025
- Black consumers lead future sports betting interest
- Graph 36: sports betting future interest in the next 6 months, by race, 2025
- Empowering Black bettors with expertise, influencers, and tailored education
- Graph 37: attitudes toward educational offerings (% agree), by race, 2025
- SportsLine provides expert insights and community-driven learning (for a fee)
- Fathers lead in sports betting interest, with mothers showing strong and growing engagement
- Graph 38: sports betting future interest in the next 6 months, by parental status, 2025
- Rewarding connections: tailored referral programs for LGBTQ+ bettors
- Graph 39: sports betting future interest in the next 6 months, LGBTQ+ consumers vs overall, 2025
- Reaching LGBTQ+ beyond referrals
- Sports betting participation and interest by sport
- There’s no escaping professional sports
- Graph 40: sports schedule of select leagues, 2025
- Sport popularity aligns with betting trends
- Graph 41: sports betting participation and interest, by sport, 2025
- Younger consumers display high participation across sports…
- Graph 42: have bet on this sport, and would do so again, by age, 2025
- …and hold an interest in doing so in the future
- Graph 43: have not bet on this, but would be interested in betting on it in the future, by age, 2025
- Engaging younger consumers with multi-sport offerings
- Keeping a close eye on the line: betting on protecting student athletes
- Sports betting platform awareness
- FanDuel, DraftKings lead sportsbook in awareness
- Graph 44: sports betting platform awareness, 2025
- Younger consumers explore beyond what’s familiar
- Graph 45: sports betting platform awareness, by age, 2025
- Engaging action-driven bettors, driving awareness and usage
- Graph 46: attitudes toward live betting and prop betting (% agree), by age, 2025
- FanDuel highlights player props
- Mothers indicate awareness of certain sportsbooks, beyond leaders
- Graph 47: sports betting platform awareness, by parental status (moms vs dads), 2025
- Reaching mothers, younger women
- SI Sportsbook: bridging inclusivity and sports betting
- Graph 48: awareness of SI Sportsbook, LGBTQ+ consumers vs overall, 2025
- Sports Illustrated’s commitment to inclusivity over the years
- Embrace inclusivity authentically to reach a valuable, active audience
- Reasons for choosing a sportsbook
- Understanding consumer priorities in sportsbook selection
- Graph 49: reasons for choosing a sportsbook (any rank), 2025
- Age-based trends in sports betting
- Graph 50: reasons for choosing a sportsbook (any rank), by age, 2025
- Consumers call for greater loyalty promotions and rewards
- Graph 51: “I feel like my sportsbook offers better deals to new customers, but doesn’t reward my loyalty” (% agree), by age, 2025
- Younger consumers are interested in bringing sports betting closer to the game
- Graph 52: “I would like if there were areas at live sporting events where people could place bets on the game” (% agree), by age, 2025
- Ways to reach consumers at live sporting events
- Black consumers prioritize diversity and personalization in sportsbooks
- Graph 53: select reasons for choosing a sportsbook (any rank), by race or ethnicity, 2025
- Empowering through expertise: how Black and Hispanic consumers turn to influencers for sports betting insights
- SportsLine empowers bettors through expert insights
- Sports betting behavior
- Most consumers bet online
- Graph 54: primary sports betting method (mobile vs in-person), 2025
- Generational trends in sports betting preferences
- Graph 55: primary sports betting method (mobile vs in-person), by age, 2025
- Multicultural consumers lean towards mobile betting
- Graph 56: primary sports betting method (mobile vs in-person), by race or ethnicity, 2025
- Reaching multicultural consumers
- Sports betting enriches fan engagement across age groups
- Graph 57: sports betting and viewership, by age, 2025
- Inspiring consumers across age groups
-
INNOVATION AND MARKETING STRATEGIES
- Activity & innovation
- FanDuel, DraftKings continue to expand their operational footprints
- Sportsbooks turn to physical locations, in-person access
- Penn National Gaming leverages reach of ESPN
- Sportsbooks expand into iGaming
- Cosm offers immersive entertainment
- Marketing & advertising
- Sports betting memes push virality
- Sportsbooks highlight responsible gambling practices
- FanDuel’s Kick of Destiny
- FanDuel highlights My Spend feature
- BetMGM highlights Vegas presence, rewards
- ESPN BET highlights app features
-
APPENDIX
- Market definition
- Consumer research questions
- Consumer research methodology
- Generations
- Abbreviations and terms
- Forecast methodology
- Forecast fan chart methodology
Market Intelligence Made Easier With Mintel
The first Mintel Market Intelligence report was published over 50 years ago. Since then, we have provided our unique insights and understanding of consumers, innovation and global markets to thousands of customers worldwide. Here’s why our customers rely on Mintel:
- Gain a comprehensive, 360-degree view of the market: Mintel reports blend consumer research, market forecasts, product innovation tracking, and competitive analysis, allowing businesses to see every angle of their industry and identify new opportunities quickly.
- Make decisions with confidence, grounded in robust data: Each report draws on up-to-date, reliable information from trusted sources and industry experts, ensuring your strategies are based on solid evidence rather than speculation.
- Benefit from expert analysis and practical recommendations: Mintel’s reports are written by experienced analysts who interpret complex data and provide clear, actionable insights you can trust to guide your next moves.
- Stay ahead with actionable intelligence on market trends and consumer behaviour: By combining fresh research with long-term market monitoring, our reports help businesses anticipate changes and adapt strategically. So you’re prepared to make informed decisions and drive growth.
What goes into a Mintel Market Intelligence Report?
Curious about how a Market Intelligence report comes together? We like to think of it as building a detailed puzzle. We start with individual pieces: data from consumers, market statistics, industry trends, and online conversations. Then our expert analysts add world-class human insight and industry knowledge. The pieces are assembled to reveal a clear, comprehensive picture of a market.
The Four Pillars of Our Research
We use a combination of four main research methods when creating our reports, each adding a valuable perspective:
- Consumer Research: Direct surveys with real people, giving us clear, current insights into what people think and do.
- Desk Research: In-depth review of trusted data sources. We use this rich database, plus powerful internal tools that track new products and market sizes, to detect trends and guide forecasts.
- Trade Research: Insights from conversations with industry experts. Their real-world experience helps us understand what’s happening behind the scenes.
- Brand and Social Media Research: Analysis of online opinions and trends. This lets us spot trends, measure brand sentiment, and capture feedback in real time, adding further depth to our research.
Bringing It All Together
Each of these four pillars provides a different piece of the puzzle. Consumer research tells us what customers think, desk research provides the factual framework, trade research offers an insider’s view, and social media analysis reveals public sentiment.
Our expert analysts are skilled in weaving these diverse data streams together. They apply a range of quantitative and qualitative analysis techniques to uncover the deeper story, connecting the dots to deliver clear, actionable insights. This comprehensive, multi-layered process is how we transform raw data into a market intelligence report you can trust to inform your most important business decisions.
For a closer look at a Mintel Market Intelligence Report, take a look at the sample PDF report below:
-
Download today with instant access
Pay via credit card or invoice (net 30 payment terms)
-
Multiple formats provided
We send a PDF, Powerpoint and Excel Databook straight to your inbox. An interactive version of the report is also available on our online platform
-
Interactive databook included
Focus on the data that matters most to you with a customisable databook avaliable on our platform
Next Starts Here
Whatever your business needs, we have the solution. From market intelligence reports to customised growth strategies.
Learn moreTrusted by global industry leaders
Next Starts Here
Whatever your business needs, we have the solution. From market intelligence reports to customised growth strategies.
Learn more

