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The US casino gaming market size is estimated to grow by USD 11.42 billion accelerating at a CAGR of 4% between 2023 and 2027.
Our report offers in-depth analysis of market drivers, trends, opportunities, challenges, and restraints, with segmentation by Type (commercial, tribal, limited stakes, and igaming) and geography US. Additionally, Technavio provides valuable insights through value chain analysis, parent market analysis, Porter’s Five analysis, vendor analysis, and COVID-19 impact data. The report also includes a thorough analysis of historical market data from 2017 to 2022.
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The growth in spending capability of customers is a key driver boosting the US casino gaming market. The surge in dual-income households in the US signifies higher per capita disposable income, boosting affordability for luxury items and spending capacity. Globally, the workforce's female representation has risen substantially. In 2022, over 57% of US women were employed, and 70% of mothers with children under 18 were part of the workforce, elevating income levels. This economic empowerment has led to increased expenditure on recreational activities like sports betting, also becoming a status symbol among the affluent. The casino gaming market in the US is experiencing significant growth due to rising income levels, increased awareness, and enhanced security measures on online platforms.
The public image enhancement is a key trend shaping the growth of the casino gaming market in US. The US casino gaming market grapples with a tarnished public perception, leading to bans in certain states based on moral or religious grounds. The industry is often associated with fraud, prompting government monitoring to ensure vendor legitimacy and equal player opportunities. To rebuild trust, increased contributions to social welfare and developmental initiatives are being emphasized. These measures aim to enhance market credibility and encourage player confidence, fostering growth in the forecasted period.
The difficulties in securing online payments is a key factor hindering the growth of the casino gaming market in US. Most US casino gaming firms process payments via credit or debit cards, necessitating compliance with the Payment Card Industry Data Security Standard (PCI-DSS) to safeguard customers' financial information and minimize fraud. Adhering to PCI-DSS is crucial in reducing the risk of financial losses resulting from card-related fraud. Security solution providers like Thales Solutions offer end-to-end encryption services to enhance payment security for casino gaming companies. However, varying security budgets among companies may limit widespread implementation of external security services, presenting a substantial challenge to the US casino gaming market in the forecast period.
The commercial segment is set for significant growth in the US casino gambling market. Dominated by major players like commercial casinos, these establishments offer diverse gaming options, including traditional table games and the latest video slots. Many commercial casinos go beyond gaming, featuring luxury hotels, restaurants, and entertainment venues for a complete experience. Their success lies in attracting a broad customer base, from high rollers with VIP areas to casual players. Loyalty programs, offering perks like free games and hotel stays, contribute to customer retention. Overall, the commercial segment's strategic approach ensures a comprehensive and appealing entertainment experience for various audiences.
Casino Gaming Market in US
By Type
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The commercial segment was valued at USD 20.42 billion in 2017 and continued to grow until 2021. The growth of commercial casinos in the US can also be attributed to the adoption of technology. Many casinos have integrated digital gaming options such as online slots and mobile betting to appeal to younger audiences who prefer gaming on mobile devices. In addition, advances in gaming software are making casinos more immersive and visual. Therefore, the factors mentioned above are expected to drive the growth of the commercial segment of the US Casino Gaming Market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
The casino gaming market in US report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Casino Gaming Market In US Scope |
|
Report Coverage |
Details |
Page number |
131 |
Base year |
2022 |
Historic period |
2018 - 2022 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market growth 2023-2027 |
USD 11.42 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.50 |
Regional analysis |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Angel Group Co. Ltd., Bet365 Group Ltd., Caesars Entertainment Inc., Churchill Downs Inc., DraftKings Inc., Eclipse Gaming Systems, Entain Plc, Everi Holdings Inc., Fertitta Entertainment Inc., Incredible Technologies Inc., International Game Technology plc, INTRALOT SA, Kindred Group Plc, Konami Group Corp., Light and Wonder Inc., PENN Entertainment Inc., PlayAGS Inc., Rye Park LLC, Universal Entertainment Corp., and Aristocrat Leisure Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Platform
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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