Market Size of Casino Gambling Industry
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 |
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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 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 Size Summary
The casino gambling market is poised for significant growth, driven by the increasing popularity of gambling and the proliferation of online platforms. The industry is characterized by its substantial gross gaming revenue, with North America, Asia Pacific, and Europe being the largest markets. The United States holds a significant portion of the market share in North America, while the Asia-Pacific region is anticipated to experience the fastest growth. The market's expansion is supported by favorable economic conditions that boost disposable incomes, encouraging spending on leisure activities such as gambling. Additionally, the tourism sector benefits from casinos, which attract visitors and generate revenue through associated services like hotels and entertainment. The industry is heavily regulated, with strict laws governing gambling activities, but innovations in gaming technology, including online and mobile platforms, are expanding the reach of casinos and attracting new demographics.
The increased accessibility of online gambling sites, coupled with rising internet penetration and mobile phone usage, is driving demand in the market. Digital advancements and the adoption of blockchain technology are further contributing to market growth. North America dominates the market due to the legalization of sports betting and online gambling, with major players investing in research and development to expand their product lines. The market is highly fragmented, with key players like Las Vegas Sands, MGM Resorts International, and SJM Holdings focusing on mergers, acquisitions, and product innovations to enhance their presence and brand portfolio. These players compete on various factors, including the quality of gambling content, user experience, and access to diverse platforms. Recent strategic activities, such as MGM Resorts' acquisition of Push Gaming Holding Limited and Caesars Entertainment's reopening of Tropicana Online Casino, highlight the industry's dynamic nature and ongoing efforts to expand and innovate.
Casino Gambling Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters' Five Forces Analysis
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1.4.1 Bargaining Power of Buyers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitutes
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1.4.5 Intensity of Competitive Rivalry
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1.5 Insights of Technology Innovations in the Market
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Live Casino
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2.1.2 Baccarat
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2.1.3 Blackjack
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2.1.4 Poker
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2.1.5 Slots
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2.1.6 Others Casino Games
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2.2 By Geography
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Latin America
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2.2.5 Middle-East and Africa
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Casino Gambling Market Size 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.