The online gambling sector across North America is expected to close the current year with solid results. Yet, the growth of the iGaming and online betting sector is expected to undergo a slight dip in 2025 before once again demonstrating solid performance in 2026, a Wall Street analyst predicts.
Across the United States, sports betting has been rapidly expanding over the last few years. There are only a dozen states that are yet to legalize the activity and by now, an overwhelming majority of the Americans can enjoy different forms of sports wagering.
Chad Beynon, an expert analyst with Macquarie Equity Research, who was recently quoted by CDC Gaming, revealed that the online gambling market across the country observed a 34% year-over-year growth during the second quarter of this year. The increase in sports betting revenue was 39% for the period, while iGaming marked growth of 27% year-over-year.
Beynon revealed that the Q2 2024 results were ahead of expectations. He said that despite a flat online betting hold, operators are expected to post strong results for the period. “Thus, we think North America segments for DraftKings, Flutter, and RSI are set up nicely to outperform in the second quarter,” Beynon explained.
After a Dip in 2025, iGaming Revenue to Soar Again in 2026
According to the expert, the online gaming revenue for North America throughout 2024 is expected to soar by 30% year-over-year. This breaks down to a 24% growth of iGaming revenue and a 34% increase in online sports betting year-over-year.
After this year, in 2025, the growth is expected to slow down to about 11%. However, per Beynon’s report, 2026 is likely going to be as strong as this year, considering the forecasted growth of online gaming revenue of 27% year-over-year.
The expert analyst highlighted the strong start of the second half of 2024. He acknowledged a range of events that boosted customer acquisition and retention, including Copa America, Wimbledon, as well as Euro 2024.
Beynon explained: “For week two, Carlos Alcaraz winning Wimbledon was positive for sportsbooks, while Argentina winning Copa America in extra time versus Colombia was neutral.” However, he deemed the 2-1 Euro 2024 win of Spain against England as “a drag.”
Earlier this year, RSI made adjustments to its revenue guidance, increasing it from 17% to 24%. Similarly, DraftKings boosted its revenue guidance from 31% to 36%, while rival Flutter retained its 36% guidance.
In light of the results so far and the forecast for the rest of the year, Beynon said “most operators are on track to meet/exceed revenue guidance.”
