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The casino market share is expected to increase by USD 38.23 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.97%.
This casino market research report extensively covers casino market segmentation by type (poker, blackjack, craps, lottery, and others) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The casino market report also offers information on several market vendors, including 888 Holdings Plc, Apricot Investments Ltd., Ballys Corp., Betsson AB, Casino Del Sol, Delta Corp Ltd., Entain Plc, Evolution Gaming Group, Fantasy Springs Resort Casino, Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Golden Entertainment Inc., Kindred Group Plc, MGM Resorts International, NetBet Enterprises Ltd., Playson Ltd, Scientific Games Corp., Station Casinos LLC, The Rank Group Plc, and William Hill Plc among others.
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The growing popularity of online gambling is notably driving the casino market growth, although factors such as the socio-economic impact of casinos may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the casino industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Casino Market Driver
One of the key factors driving the global casino market growth is the growing popularity of online gambling. This can be attributed to the various benefits provided by online casino gaming platforms that provide users with a high level of security and flexibility. With the growing penetration of the Internet and smartphones, more than half of the world's population is now online. This provides people with easy access to different types of games, including traditional slot games and poker, as well as new games introduced by casino operators in the market. Many companies are using online platforms as an expansion strategy in areas or countries where land-based casinos are illegal, but online gaming platforms are allowed to operate. Such factors are expected to propel the growth of the global casino market during the forecast period.
Key Casino Market Trend
Another key factor driving the global casino market growth is the use of technological innovation in casinos. Vendors are learning from the trends in other parallel industries, such as gaming, and are applying them in their businesses. Virtual reality and artificial intelligence (AI) can help vendors in providing more realistic experiences and observing consumer buying and playing patterns. Providing consumers with an omnichannel experience has also made technology a key factor of differentiation for vendors. The emergence of big data and the increasing number of IoT devices will also change the dynamics of the global casino market. Casino operators can collect a huge amount of data through customer engagement via smart devices, and with the use of data analytics, they can perform comprehensive analyses of the casino landscape. With more vendors using such technologies, the landscape of the global casino market is expected to change during the forecast period
Key Casino Market Challenge
One of the key challenges to the global casino market growth is the socio-economic impact of casinos. On average, gambling addicts have more than double the debt when compared with non-gambling households, and such effects can be seen globally in various countries, including the US, New Zealand, and Australia. With the growing number of people engaged in gambling in casinos, the crime rate is also on the rise, as people who are addicted to casino gambling try to find ways to finance their addiction and end up committing crimes or illegal activities such as passing counterfeit money, theft, and fraud. Gambling addiction can have a severe impact on the addicted people as well as their family members. Moreover, increased financial stress due to the inability to repay debts triggers dangerous behavior in people and, in many cases, prompts people to commit suicide. Such severe consequences of gambling are expected to hamper the growth of the global casino market during the forecast period.
This casino market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global casino market as a part of the global casinos and gaming market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the casino market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the casino market encompasses successful business strategies deployed by the key vendors. The casino market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The casino market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the casino market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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40% of the market's growth will originate from APAC during the forecast period. China is the key market for casinos in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The significant increase in the demand for offline and online gambling games will facilitate the casino market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 impacted the gambling industry in North America. The pandemic led to the closure of offline casinos and a drop in the revenue of several casinos in the region, which increased the demand for online gambling. The introduction of iGaming, also known as online gambling, enhanced demand in the gambling industry in the region in 2020. Moreover, in Canada, casinos have become a center of attraction for customers during the pandemic. Such factors will lead to the growth of the casino market in North America during the forecast period.
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The casino market share growth by the poker segment will be significant during the forecast period. The growth is attributed to the rising number of online gambling platforms that offer games such as poker. For instance, with over two million users and the biggest game traffic for a poker-only app in India, PokerBaazi.com, which is a made-in-India platform from the house of Baazi Games, took the top spot.
This report provides an accurate prediction of the contribution of all the segments to the growth of the casino market size and actionable market insights on post COVID-19 impact on each segment.
Casino Gaming market - The market size is expected to reach a value of USD 50.03 billion during 2021-2025 at a CAGR of 4.85%.
Casino Gambling market - The market share is expected to increase by USD 32.54 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.5%.
Casino Gaming Equipment market - The market share is expected to increase by USD 43.3 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9.93%.
US Casino Gaming market - The market value is projected to grow by USD 11.42 billion at a CAGR of 3.50% during 2021-2025.
Casino Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.97% |
Market growth 2022-2026 |
$ 38.23 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.99 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key consumer countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
888 Holdings Plc, Apricot Investments Ltd., Ballys Corp., Betsson AB, Casino Del Sol, Delta Corp Ltd., Entain Plc, Evolution Gaming Group, Fantasy Springs Resort Casino, Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Golden Entertainment Inc., Kindred Group Plc, MGM Resorts International, NetBet Enterprises Ltd., Playson Ltd, Scientific Games Corp., Station Casinos LLC, The Rank Group Plc, and William Hill Plc |
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 the 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 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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