Goldman sees the online sports betting market worth nearly $40 billion by 2033. How to play it

New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020.
Barry Chin | Boston Globe | Getty Images

The outlook for the sports betting and online gaming industry in the United States is growing increasingly bright, according to Goldman Sachs.

The firm said in a note to clients that it is raising its projected market size for online gambling in the United States and sees it sustaining a dramatic rate of growth over the next decade.