Mobile iGaming & eSports Forecast to Hit $23.1 billion US Alone

Mirroring the massive upsurge in iGaming and eSports, a new report has projected the mobile and handheld gaming market in the United States is set to soar to a staggering $23.1 billion by 2033, which equates to an eye-watering 12.6% CAGR (Compound annual growth rate).

According to the report’s authors, Persistence Market Research, smartphones are expected to account for 80% of handheld gaming traffic by 2026, as well as doubling as a digital doorway for new users into the eSports and iGaming spheres. Forcast forecast gsdo

The sector’s unprecedented growth across America is also reflective of other major gaming hubs, such as Asia and Europe. Yet, while smartphone devices have become the key gateway to mobile gaming, it’s the advancements of cloud gaming and advanced 5G technologies that have also accelerated the industry’s growth.

Not only have these enticing innovations provided worldwide users with seamless, low latency, and superior connectivity on their mobile devices, but they have also almost singlehandedly eliminated the need for high-end gaming hardware traditionally associated with the gaming markets of old.

As a result, eSports enthusiasts can now play console-level quality games on their handheld gadgets, which has inevitably led to huge game franchises, including Fortnite, PUBG, and Call of Duty, all releasing mobile versions.

Alternatively, for bettors who enjoy mobile-centric iGaming experiences, users are benefiting from a wealth of pioneering betting platforms that now offer live-dealer casinos, interactive skill-based, and slot games, all in the palm of your hand.

Then there is the huge appeal of virtual reality (VR) and augmented reality (AR) integrations, which are revolutionizing the immersive gaming experience for mobile gaming aficionados. In eSports’ case, tournament spectators too.

Here, bettors can now stroll around a virtual casino from the comfort of home. At the same time, video gamers from all over the world – and their fans – can compete and watch eSports tournaments streamed live from within an immersive virtual arena.

And, it’s not just the gamers who appear to be reaping the rewards of the spectacular growth in mobile-orientated gaming – betting platform operators, game developers, and even multi-million-dollar brand sponsors are cashing in on the influx of handheld users, too.

While the US mobile gaming market continues to flourish by embracing further advancements in connectivity and smartphone ownership, the global appeal of the niche will mean iGaming and eSports will become even more lucrative, particularly given the unrelenting surge of new gamers growing every day.