The casino market size is expected to see steady growth in the next few years. It will grow to $165.72 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to digital transformation in gambling, emergence of cryptocurrency casinos, regulatory adaptations to online gambling, innovations in gaming technologies, focus on responsible gambling. Major trends in the forecast period include cross-industry partnerships, focus on data security, changing demographics, global economic factors, environmental sustainability.
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Segmentation & Regional Insights
The casino market covered in this report is segmented –
1) By Type: Gambling Machines, Gaming Tables, Other Types
2) By Channel Type: Offline, Online
3) By End User: Routellte, Vr Version
Asia-Pacific was the largest region in the casino market in 2023. The regions covered in the casino market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increased demand for online gambling is expected to propel the growth of the casino market going forward. Online gambling refers to the use of internet to place bets and earn money. Online gambling helps casino market to grow by taking place on a digital platform and placing bets with credit cards rather than cash, and both winnings and losses are settled electronically. For instance, in December 2021, according to the European Gaming and Betting Association, a Belgium-based trade association representing the online gambling operators, Europe’s online gambling revenue is predicted to reach €36.4 billion ($39.06 billion)- 41.7% of total gambling revenue in 2021. However, land-based gambling revenue is predicted to rise somewhat to €50.8 billion ($54.51 billion)- 58.3% of total gambling revenue in 2021. Therefore, the increased demand for online gambling is driving the growth of the casino market.
Key Industry Players
Major companies operating in the casino market are focusing on strategic partnership to expand capabilities. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in November 2023, EveryMatrix, a Mata-based B2B iGaming software provider company, partnered with Caesars Digital, a Las Vegas-based gaming company, to incorporate EveryMatrix’s gaming material into Caesars Palace Online Casino and Caesars Sportsbook & Casino in North America. Through this collaboration, Caesars Digital clients in many US states will have access to a variety of real-money games from EveryMatrix’s in-house studios.
The casino market report table of contents includes:
1. Executive Summary
2. Casino Market Characteristics
3. Casino Market Trends And Strategies
4. Casino Market – Macro Economic Scenario
5. Global Casino Market Size and Growth
………………..
31. Global Casino Market Competitive Benchmarking
32. Global Casino Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Casino Market
34. Casino Market Future Outlook and Potential Analysis
35. Appendix
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