Market Size –
The casino gambling market size has grown strongly in recent years. It will grow from $149.51 billion in 2023 to $160.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to the relaxation of gambling laws, adoption of online gambling platforms and mobile gaming apps, strong economic growth, increased global travel and tourism, and aggressive marketing campaigns.
The casino gambling market size is expected to see strong growth in the next few years. It will grow to $214.64 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to continued advancements in VR, AR, and blockchain technology, post-pandemic economic growth, increased penetration of smartphones and better internet connectivity, entry of major casino operators into emerging markets, strengthening synergies between the casino gambling industry and the broader tourism and leisure sectors. Major trends in the forecast period include virtual reality (VR) and augmented reality (AR) gaming, blockchain and cryptocurrency integration, artificial intelligence (AI) and machine learning (ML), integration of esports betting within casinos, and the development of hybrid models.
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Scope Of Casino Gambling Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Casino Gambling Market Overview
Market Drivers –
Growing online gambling is expected to propel the growth of the casino gambling market going forward. Online gambling refers to the act of placing bets or playing games of chance over the internet for money or other stakes. The rise in online gambling is driven by increased internet accessibility, convenience, and the proliferation of mobile devices. Online gambling boosts casino gambling by increasing brand visibility and attracting new players through accessible, engaging digital platforms. For instance, in February 2022, according to a consumer survey conducted by the Australian communication and Media Authority, an Australia-based government agency, the prevalence of online gambling (excluding lotteries) saw a significant increase in 2021, with over one in ten Australian adults (11%) reporting they had gambled online in the six months leading up to June 2021, compared to 8% in 2020. Therefore, growing online gambling is driving the growth of the casino gambling market.
Market Trends –
Major companies operating in the casino gambling market are increasingly focused on developing advanced technologies, such as next-gen gaming platforms, to enhance the user experience and operational efficiency. Next-gen gaming platforms refer to advanced systems that offer innovative features, improved user interfaces, and enhanced scalability to deliver a superior gaming experience and optimize operations. For instance, in January 2024, Gaming Innovation Group (GiG), a Malta-based iGaming technology company, launched PlayR and Palasino, online casino brands. PlayR is targeting the emerging Brazilian market, which has recently seen regulatory approval for online casinos. The brand will utilize GiG’s next-generation platform technology, designed to enhance the user experience and operational efficiency in competitive markets. The Palasino platform will integrate GiG’s award-winning player account management system and advanced AI solutions. This technology is tailored to improve player acquisition and retention, enhancing operational capabilities in complex regulatory environments.
The casino gambling market covered in this report is segmented –
1) By Type: Live Casino, Baccarat, Blackjack, Poker, Slots, Other Casino Games
2) By Platform: Offline, Online
3) By End User: Dabblers, Gambling Enthusiasts, Lottery Loyalists, Social Exuberant, Unengaged Audience
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Regional Insights –
North America was the largest region in the casino gambling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the casino gambling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the casino gambling market are MGM Resorts International Inc., Flutter Entertainment plc, Caesars Entertainment Inc., Wynn Resorts Limited, International Game Technology PLC , Boyd Gaming Corporation, Hard Rock International Inc., SJM Holdings Limited, Genting Berhad, Galaxy Entertainment Group Limited, Evoke plc, Kindred Group Plc, Melco Resorts & Entertainment Limited, Konami Gaming Inc., Penn National Gaming Inc., Cher-Ae Heights Casino, Galaxy Gaming Inc., Table Trac Inc., Tangam Systems Inc., Novomatic AG, Las Vegas Sands Corp.
Table of Contents
1. Executive Summary
2. Casino Gambling Market Report Structure
3. Casino Gambling Market Trends And Strategies
4. Casino Gambling Market – Macro Economic Scenario
5. Casino Gambling Market Size And Growth
…..
27. Casino Gambling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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