The casino gambling market has seen strong growth recently, with its size increasing from $149.51 billion in 2023 to $160.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. This growth is driven by 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 market is expected to continue its strong growth, reaching $214.64 billion by 2028 with a CAGR of 7.5%. This growth is supported by continued advancements in virtual reality (VR), augmented reality (AR), and blockchain technology, post-pandemic economic recovery, increased smartphone penetration and better internet connectivity, entry of major casino operators into emerging markets, and strengthening synergies between the casino gambling industry and broader tourism and leisure sectors. Major trends expected in the forecast period include VR and AR gaming, blockchain and cryptocurrency integration, artificial intelligence (AI) and machine learning (ML), integration of esports betting within casinos, and the development of hybrid gaming models.
Global Casino Gambling Market Key Driver
The growth of online gambling is expected to propel the casino gambling market. Online gambling, which involves placing bets or playing games of chance over the internet, is increasing due to better internet access, convenience, and the spread of mobile devices. This growth in online gambling enhances casino gambling by boosting brand visibility and attracting new players through engaging digital platforms. For instance, in February 2022, a consumer survey by the Australian Communication and Media Authority found that online gambling prevalence (excluding lotteries) had risen significantly, with over 11% of Australian adults reporting online gambling in the six months leading up to June 2021, compared to 8% in 2020. Therefore, the growth of online gambling is driving the casino gambling market.
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Global Casino Gambling Market Segments
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
By Geography:The regions covered in the casino gambling market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Casino Gambling Industry Players
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.
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Casino Gambling Market Overview
Casino gambling refers to the act of playing games of chance within a casino setting, where players bet money or other valuables on the outcome. These games include slot machines, card games, dice games, and other forms of entertainment. The primary goal is to win monetary rewards while enjoying the entertainment provided by the casino environment.
Casino Gambling Global Market Report 2023 provides data on the global casino gambling market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The casino gambling market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
