US iGaming growth slows to 12% in Q3 2026, Citizens data shows

US iGaming revenue growth slowed to 12% year on year in Q3 2026, the lowest rate recorded, according to data published by Citizens. Growth had been 16% in the first two quarters of the year, and the decline was in line with expectations, analysts said.

FanDuel stayed on top of the iGaming market with a 25.1% share, compared with 26.6% a year before. According to the Citizens data, the Flutter-owned operator's share has fallen every quarter of 2026 to date.

DraftKings' iGaming market share fell to 22.2% from 24.3% a year earlier, one of the largest year-on-year declines, but was above the 20.9% recorded in Q2, its first sequential growth in two years. BetMGM's share slipped to 18.6% from 20.7%, its sixth consecutive quarterly decline, and Caesars fell to 6.4% from 7.1%.

Fanatics recorded the highest growth of any single operator, with its iGaming market share rising to 5.2% from 3.9%, slightly below the 5.4% reported in Q2. Rush Street grew to 7.4% from 6.8%, and bet365 rose to 1.7% from 0.4%, after launches in Michigan and West Virginia.

Sports betting gross gaming margin came in at 9.6%, unchanged from a year earlier. DraftKings kept the biggest share of the sector: its handle share went from 37.3% to 37.6%, and its gross gaming revenue share from 34.9% to 35.4%.

FanDuel's handle share rose to 32.8% from 31.4%, while its gross gaming revenue share fell to 35.4% from 37.7%. FanDuel's gross gaming margin was 10.4%, compared with 9.5% for DraftKings.

Fanatics had a quarterly handle share of 9.9%, down from 11.2%, while its gross gaming revenue share rose to 8.8% from 7.3%. Caesars' revenue and handle share both fell, with its margin down to 6.9% from 7.6%.

bet365's margin was steady at 9.4% amid higher handle and gross gaming revenue share. BetMGM's overall margin increased to 10.2% from 9.6% after a rise in gross gaming revenue share offset a lower handle share.