The Global Casino and Gaming Market size was valued at USD 27.9 Billion in 2022 and is expected to surpass USD 52.60 Billion by 2031, expanding at a CAGR of 7.3% during the forecast period, 2023–2031. A casino is locations where a variety of games are played as well as various forms of gambling activities are carried out.
Simply described, a casino is a room or structure where people can gamble on games such as roulette, slot machines, poker, craps, lottery, and blackjack. Casino gambling forms include card room gaming, online casino gaming, race & sports wagering, lotteries, and games such as raffles, bingo, and others. Casinos are located near or combined with hotels, retail shopping, restaurants, and cruise ships to provide opulent amusement for those with affluent lifestyles.
Casino and Gaming Market Trends, Drivers, Restraints, and Opportunities
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Increased needs for leisure time as a result of a demanding, changing & busy lifestyle are significant factors driving the market.
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Increasing tourism industry is driving the market.
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Government rules being relaxed, GDP & higher contributions to taxes, and growth in transportation infrastructure drive the market’s growth.
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Rising disposable income of consumers is projected to boost the market.
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Cyber-attacks during online gaming are a serious hindrance to market expansion.
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The delayed acceptance of licenses for internet gambling sites restricts the growth of the global casino market.
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The global relaxation of gambling restrictions has created several opportunities for gamblers to participate in casino games via internet platforms.
Scope of Casino and Gaming Market Report
The report on the casino and gaming market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Casino and Gaming Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Casino Types (I-gaming, Commercial, Limited Stakes, and Tribal), Game Types (Blackjack, Craps, Poker, Roulette, and Slot Machines), End-users (Dabblers, Gambling Enthusiasts, Lottery Loyalists, Social Exuberant, and Unengaged Audience)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Caesars Entertainment; Las Vegas Sands; Galaxy Entertainment; Betfair Online Casino Games; MGM Resorts; 888 Holdings; City of Dreams Manila; Boyd Gaming; SJM Holdings; and Delaware Park.
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Casino and Gaming Market Segment Insights
The online gaming segment expand at rapid pace during the forecast period
Based on casino types, the casino and gaming market can be segmented into online gaming, commercial, limited stakes, and tribal. The online gaming segment is projected to expand at rapid pace during the forecast period. The global relaxation of gambling restrictions has created multiple chances for gamblers to participate in casino games via online platforms.
Block chain technology, in addition to existing standards on online gambling sites, can add an extra degree of protection. The general public's interest in VR gambling games has been fuelled by the release of VR gear, which is one of the key factors driving the segment.
The poker segment is projected to hold significant market share
On the basis of game types, the market can be fragmented into blackjack, craps, poker, roulette, and slot machines. The poker segment is projected to hold significant market share. Acceptance of poker in international markets has led to the expansion of online poker. Online poker gaming is capturing a large share of the gaming market in this era of digitization and social distancing caused by the COVID pandemic.
The gambling enthusiastic segment is anticipated to account for a substantial share
In terms of end-users, the casino and gaming market can be segregated into dabblers, gambling enthusiasts, lottery loyalists, social exuberant, and unengaged audience. The gambling enthusiastic segment is anticipated to account for a substantial share. Growing popularity of gambling around the world, as well as the freemium model in online gambling, are some of the main factors driving the market.
A big number of clients use computers for gambling because downloading and installing casino software is easier on desktops. This, in turn, is projected to fuel the segment. Factors like increased internet penetration and availability of low-cost online gambling applications are projected to boost to the segment during forecast period.
Asia Pacific is expected to dominate the market
In terms of regions, the market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market. Gaming corporations investing in the region is estimated to boost the market. Asia Pacific is expected to develop at the fastest rate due to rising smartphone penetration, huge number of younger people, and legalization of online gambling.
Segments
By Casino Types
- Online gaming
- Commercial
- Limited Stakes
- Tribal
By Game Types
- Blackjack
- Craps
- Poker
- Roulette
- Slot Machines
By End-users
- Dabblers
- Gambling Enthusiasts
- Lottery Loyalists
- Social Exuberant
- Unengaged Audience
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Caesars Entertainment
- Las Vegas Sands
- Galaxy Entertainment
- Betfair Online Casino Games
- MGM Resorts
- 888 Holdings
- City of Dreams Manila
- Boyd Gaming
- SJM Holdings
- Delaware Park
Competitive Landscape
Key players in the casino and gaming market include Caesars Entertainment; Las Vegas Sands; Galaxy Entertainment; Betfair Online Casino Games; MGM Resorts; 888 Holdings; City of Dreams Manila; Boyd Gaming; SJM Holdings; and Delaware Park.
These players are constantly engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to strengthen their geographical presence and expand their customer base globally.
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