US Casino Gaming Market by Type and Platform - Forecast and Analysis 2023-2027
| Published: Mar 2023 | Pages: 131 | SKU: IRTNTR70689 |
US - Casino Gaming Market Report 2023-2027
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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Casino Gaming Market In US Analysis and Insights
US Casino Gaming Market Driver
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.
US Casino Gaming Market Trends
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.
US Casino Gaming Market Driver Challenges
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.
Casino Gaming Market In US Segmentation
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.
Casino Gaming Market In US Customer Landscape
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.
Segment Overview
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.
- Type Outlook (USD Billion, 2017 - 2027)
- Commercial
- Tribal
- Limited stakes
- iGaming
- Platform Outlook (USD Billion, 2017 - 2027)
- Traditional
- Online
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Casino Gaming Market In US Scope |
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Report Coverage |
Details |
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Page number |
131 |
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Base year |
2022 |
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Historic period |
2018 - 2022 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
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Market growth 2023-2027 |
USD 11.42 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
2.50 |
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Regional analysis |
US |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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. |
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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 |
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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. |
What are the Key Data Covered in this Casino Gaming Market In US In Country Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the market industry across US
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Platform
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Casino gaming market in US 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on Casino gaming market in US 2017 - 2021 ($ billion)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
- 4.3 Platform Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Platform Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 25: Chart on Type - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 27: Chart on Comparison by Type
- Exhibit 28: Data Table on Comparison by Type
- 6.3 Commercial - Market size and forecast 2022-2027
- Exhibit 29: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 30: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 31: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
- 6.4 Tribal - Market size and forecast 2022-2027
- Exhibit 33: Chart on Tribal - Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Tribal - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Tribal - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Tribal - Year-over-year growth 2022-2027 (%)
- 6.5 Limited stakes - Market size and forecast 2022-2027
- Exhibit 37: Chart on Limited stakes - Market size and forecast 2022-2027 ($ billion)
- Exhibit 38: Data Table on Limited stakes - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Chart on Limited stakes - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Limited stakes - Year-over-year growth 2022-2027 (%)
- 6.6 iGaming - Market size and forecast 2022-2027
- Exhibit 41: Chart on iGaming - Market size and forecast 2022-2027 ($ billion)
- Exhibit 42: Data Table on iGaming - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Chart on iGaming - Year-over-year growth 2022-2027 (%)
- Exhibit 44: Data Table on iGaming - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Type
- Exhibit 45: Market opportunity by Type ($ billion)
- Exhibit 46: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Platform
- 7.1 Market segments
- Exhibit 47: Chart on Platform - Market share 2022-2027 (%)
- Exhibit 48: Data Table on Platform - Market share 2022-2027 (%)
- 7.2 Comparison by Platform
- Exhibit 49: Chart on Comparison by Platform
- Exhibit 50: Data Table on Comparison by Platform
- 7.3 Traditional - Market size and forecast 2022-2027
- Exhibit 51: Chart on Traditional - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Traditional - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Traditional - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Traditional - Year-over-year growth 2022-2027 (%)
- 7.4 Online - Market size and forecast 2022-2027
- Exhibit 55: Chart on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Online - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Platform
- Exhibit 59: Market opportunity by Platform ($ billion)
- Exhibit 60: Data Table on Market opportunity by Platform ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 62: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 63: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 64: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 65: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 66: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 67: Matrix on vendor position and classification
- 11.3 Angel Group Co. Ltd.
- Exhibit 68: Angel Group Co. Ltd. - Overview
- Exhibit 69: Angel Group Co. Ltd. - Product / Service
- Exhibit 70: Angel Group Co. Ltd. - Key offerings
- 11.4 Aristocrat Leisure Ltd.
- Exhibit 71: Aristocrat Leisure Ltd. - Overview
- Exhibit 72: Aristocrat Leisure Ltd. - Business segments
- Exhibit 73: Aristocrat Leisure Ltd. - Key offerings
- Exhibit 74: Aristocrat Leisure Ltd. - Segment focus
- 11.5 Bet365 Group Ltd.
- Exhibit 75: Bet365 Group Ltd. - Overview
- Exhibit 76: Bet365 Group Ltd. - Product / Service
- Exhibit 77: Bet365 Group Ltd. - Key offerings
- 11.6 Caesars Entertainment Inc.
- Exhibit 78: Caesars Entertainment Inc. - Overview
- Exhibit 79: Caesars Entertainment Inc. - Business segments
- Exhibit 80: Caesars Entertainment Inc. - Key news
- Exhibit 81: Caesars Entertainment Inc. - Key offerings
- Exhibit 82: Caesars Entertainment Inc. - Segment focus
- 11.7 Churchill Downs Inc.
- Exhibit 83: Churchill Downs Inc. - Overview
- Exhibit 84: Churchill Downs Inc. - Business segments
- Exhibit 85: Churchill Downs Inc. - Key news
- Exhibit 86: Churchill Downs Inc. - Key offerings
- Exhibit 87: Churchill Downs Inc. - Segment focus
- 11.8 Eclipse Gaming Systems
- Exhibit 88: Eclipse Gaming Systems - Overview
- Exhibit 89: Eclipse Gaming Systems - Product / Service
- Exhibit 90: Eclipse Gaming Systems - Key offerings
- 11.9 Incredible Technologies Inc.
- Exhibit 91: Incredible Technologies Inc. - Overview
- Exhibit 92: Incredible Technologies Inc. - Product / Service
- Exhibit 93: Incredible Technologies Inc. - Key offerings
- 11.10 International Game Technology plc
- Exhibit 94: International Game Technology plc - Overview
- Exhibit 95: International Game Technology plc - Business segments
- Exhibit 96: International Game Technology plc - Key offerings
- Exhibit 97: International Game Technology plc - Segment focus
- 11.11 INTRALOT SA
- Exhibit 98: INTRALOT SA - Overview
- Exhibit 99: INTRALOT SA - Business segments
- Exhibit 100: INTRALOT SA - Key offerings
- Exhibit 101: INTRALOT SA - Segment focus
- 11.12 Kindred Group Plc
- Exhibit 102: Kindred Group Plc - Overview
- Exhibit 103: Kindred Group Plc - Business segments
- Exhibit 104: Kindred Group Plc - Key offerings
- Exhibit 105: Kindred Group Plc - Segment focus
- 11.13 Konami Group Corp.
- Exhibit 106: Konami Group Corp. - Overview
- Exhibit 107: Konami Group Corp. - Business segments
- Exhibit 108: Konami Group Corp. - Key offerings
- Exhibit 109: Konami Group Corp. - Segment focus
- 11.14 Light and Wonder Inc.
- Exhibit 110: Light and Wonder Inc. - Overview
- Exhibit 111: Light and Wonder Inc. - Business segments
- Exhibit 112: Light and Wonder Inc. - Key offerings
- Exhibit 113: Light and Wonder Inc. - Segment focus
- 11.15 PENN Entertainment Inc.
- Exhibit 114: PENN Entertainment Inc. - Overview
- Exhibit 115: PENN Entertainment Inc. - Business segments
- Exhibit 116: PENN Entertainment Inc. - Key offerings
- Exhibit 117: PENN Entertainment Inc. - Segment focus
- 11.16 PlayAGS Inc.
- Exhibit 118: PlayAGS Inc. - Overview
- Exhibit 119: PlayAGS Inc. - Business segments
- Exhibit 120: PlayAGS Inc. - Key offerings
- Exhibit 121: PlayAGS Inc. - Segment focus
- 11.17 Universal Entertainment Corp.
- Exhibit 122: Universal Entertainment Corp. - Overview
- Exhibit 123: Universal Entertainment Corp. - Business segments
- Exhibit 124: Universal Entertainment Corp. - Key offerings
- Exhibit 125: Universal Entertainment Corp. - Segment focus
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 126: Inclusions checklist
- Exhibit 127: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 128: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 129: Research methodology
- Exhibit 130: Validation techniques employed for market sizing
- Exhibit 131: Information sources
- 12.5 List of abbreviations
- Exhibit 132: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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casino gaming market in us market
Key Questions Answered
- What are the key global market and the regional market share?
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- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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