Casino Gambling Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 150.29 Billion |
| Market Size (2029) | USD 191.36 Billion |
| CAGR (2024 - 2029) | 4.95 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Casino Gambling Market Analysis
The Casino Gambling Market size in terms of gross gaming revenue is expected to grow from USD 150.29 billion in 2024 to USD 191.36 billion by 2029, at a CAGR of 4.95% during the forecast period (2024-2029).
Gambling's rising popularity and the abundance of online gambling platforms are the main factors driving the market. In the current year, North America, Asia Pacific, and Europe were the three largest markets for casino gambling. The United States accounted for most of the market share in North America. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period. The industry is also heavily regulated, with strict laws and regulations governing gambling activities in most countries.
Strong economies tend to lead to higher disposable incomes, which can fuel spending on leisure activities such as gambling.
Casinos attract tourists, driving revenue from gambling and associated services like hotels, restaurants, and entertainment.Favourable regulations can stimulate market growth by encouraging investment and expansion within the industry.
Innovations in gaming technology, such as online and mobile platforms, can expand the reach of casinos and attract new demographics. Casinos offer various entertainment options beyond gambling, including live shows, concerts, and fine dining, which can attract a diverse audience.
As gambling becomes more popular and online gambling platforms become more popular, the casino gambling market will continue to expand in the years to come. However, it is important to note that the industry will still face challenges in terms of regulation, competition and external factors like pandemics, economic downturns, etc.
Casino Gambling Market Trends
Growing Online Gambling Trends Is Driving The Market
The increased accessibility of various casino gambling sites is boosting the demand for the market. The rising internet penetration and increasing usage of mobile phones for playing online games are growing the requirement for online gambling. Also, the increased digital advancements expand online casinos.
Developers of online casinos help gamblers certify the authenticity of gambling activities and avoid false activities. To attract new users, different online gambling sites provide a free-play version of the games. The increased adoption of blockchain technology has helped in the market growth. The vast opportunities provided by cryptocurrency in gambling with reduced restrictions and regulations for cryptocurrency transactions are largely utilized by users in online gambling.
North America Dominates The Market
Due to the legalization of sports betting and approval for online gambling, North America dominates the market. The leading market players in North America are investing more in research and development in order to expand the product lines, which help the Casino market grow more. Market players in North America are undertaking a variety of strategic activities to spread their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Casino industry in North America is offering cost-effective items.
Casino Gambling Industry Overview
The casino gambling market is highly fragmented and comprises regional and global players. Key players like Las Vegas Sands, MGM Resorts International, and SJM Holdings dominate the market. Major players are focusing on mergers and acquisitions, partnerships, and product innovations to expand their presence in the market and enhance their brand portfolio to cater to consumer preferences. The most popular strategy in the casino gambling industry is merger and acquisition, followed by expansion. Key players compete on various factors, including offerings, quality of gambling content, user experience, brand equity, personalized payoffs, and access to various platforms. Advanced distribution networks and manufacturing expertise give manufacturers an upper hand in expanding their range of products worldwide.
Casino Gambling Market Leaders
-
Las Vegas Sands
-
MGM Resorts International
-
Caesars Entertainment
-
SJM Holdings
-
Wynn Resorts
*Disclaimer: Major Players sorted in no particular order
Casino Gambling Market News
- May 2023: MGM Resorts International announced the acquisition of most game developer Push Gaming Holding Limited and its subsidiaries by its wholly owned subsidiary, LeoVegas. This is Leo Vegas' first significant investment since joining MGM Resorts last year. Push Gaming's patented technology, intellectual property, and development experience are expected to strengthen LeoVegas' content creation capabilities and assist its expansion objectives.
- April 2023: Caesars Entertainment, Inc. has announced the reopening of Tropicana Online Casino in New Jersey. The new iCasino app and online casino experience provide users with greater functionality, including a selection of industry-leading casino games and improved connectivity with Caesars Rewards, the industry-leading reward program.
Casino Gambling Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Porters' Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitutes
- 4.4.5 Intensity of Competitive Rivalry
- 4.5 Insights of Technology Innovations in the Market
- 4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
-
5.1 By Type
- 5.1.1 Live Casino
- 5.1.2 Baccarat
- 5.1.3 Blackjack
- 5.1.4 Poker
- 5.1.5 Slots
- 5.1.6 Others Casino Games
-
5.2 By Geography
- 5.2.1 North America
- 5.2.2 Europe
- 5.2.3 Asia-Pacific
- 5.2.4 Latin America
- 5.2.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
-
6.2 Company Profiles
- 6.2.1 Las Vegas Sands
- 6.2.2 MGM Resorts International
- 6.2.3 Caesars Entertainment
- 6.2.4 SJM Holdings
- 6.2.5 Wynn Resorts
- 6.2.6 Galaxy Entertainment Group
- 6.2.7 Hard Rock International
- 6.2.8 Genting Group
- 6.2.9 Boyd Gaming
- 6.2.10 Melco Resorts & Entertainment*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityCasino Gambling Industry Segmentation
Customers gamble by playing games of chance, sometimes with an element of skill, such as craps, roulette, baccarat, blackjack, and video poker. Most games have mathematically determined odds that ensure the house has an advantage over the players. This report aims to provide a detailed analysis of the casino gambling market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. Also, it analyzes the key players and the competitive landscape.
The casino gambling market is segmented by type and geography. By type, the market is sub-segmented into live casino, baccarat, blackjack, poker, slots, and other casino games. By geography, the market is sub-segmented inro North America, Europe, Asia-pacific, Latin America, the Middle East and Africa.
The report offers market size and value (USD) during the forecast period for the above segments.
| By Type | Live Casino |
| Baccarat | |
| Blackjack | |
| Poker | |
| Slots | |
| Others Casino Games | |
| By Geography | North America |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East and Africa |
Casino Gambling Market Research Faqs
How big is the Casino Gambling Market?
The Casino Gambling Market size is expected to reach USD 150.29 billion in 2024 and grow at a CAGR of 4.95% to reach USD 191.36 billion by 2029.
What is the current Casino Gambling Market size?
In 2024, the Casino Gambling Market size is expected to reach USD 150.29 billion.
Who are the key players in Casino Gambling Market?
Las Vegas Sands, MGM Resorts International, Caesars Entertainment, SJM Holdings and Wynn Resorts are the major companies operating in the Casino Gambling Market.
Which is the fastest growing region in Casino Gambling Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Casino Gambling Market?
In 2024, the Asia-Pacific accounts for the largest market share in Casino Gambling Market.
What years does this Casino Gambling Market cover, and what was the market size in 2023?
In 2023, the Casino Gambling Market size was estimated at USD 142.85 billion. The report covers the Casino Gambling Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Casino Gambling Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
How is the Casino Gambling Market segmented?
The Casino Gambling Market is segmented by a) Type: Land-based and Online b) Product: Slot Machines, Lottery Ticket Machines, Electronic Roulette, Multiplayer Game Stations and Gaming Servers c) End-user: Gambling Enthusiasts, Dabblers, Lottery Loyalists, Unengaged Audience
Casino Gambling Industry Report
The Vietnam furniture market is experiencing significant growth, driven by rapid urbanization, a growing middle-class population, and increasing disposable incomes. This growth spans various market segments, including home furniture, office furniture, and hospitality furniture, reflecting strong demand in both residential and commercial sectors.
The furniture market in Vietnam, analyzed by Mordor Intelligence™ Industry Reports, is segmented based on application, material, and distribution channels. Key materials such as wood, metal, and plastic cater to diverse consumer preferences and functional requirements. Distribution channels are rapidly evolving, with a significant shift towards online platforms, complemented by traditional outlets like home centers, flagship stores, and specialty stores.
Additionally, the market is witnessing a rise in eco-friendly and multifunctional furniture, driven by consumer demand for sustainability and space efficiency. These trends are shaping market dynamics and contributing to the overall growth of the furniture industry in Vietnam, positioning Vietnam furniture manufacturers as key players domestically and internationally.
The industry analysis reveals that the market size is expanding, supported by comprehensive industry research and detailed industry reports. The market overview indicates strong market growth, with market leaders playing a crucial role in driving the market value. Market segmentation shows varied consumer preferences across different segments, supported by robust market data and market statistics.
Industry trends highlight the increasing importance of eco-friendly materials and multifunctional designs. The market forecast predicts continued growth, with market predictions aligning with current industry outlooks. The market review confirms the positive trajectory of the industry, supported by detailed market analysis and industry information.
Research companies are actively involved in providing valuable insights, with industry sales reflecting the growing demand. Industry size and industry worth are significant, with market growth indicating a positive future. The industry outlook remains optimistic, supported by comprehensive industry reports and market reports.
Overall, the Vietnam furniture market is well-positioned for continued growth, with strong market dynamics and favorable industry trends supporting its expansion.
