Arvose SectorBrief Global Report on Smart Manufacturing Industry 2023


Global casino gaming industry report 2023 – Global forecasts to 2027

The global casino gaming market is expected to register a compound annual growth rate (CAGR) of 8.01% during the forecast period, reaching a total market size of USD 199.6 billion by 2027. The increasing presence of integrated in various countries and rising participation of millennials in gambling activities are some of the major factors driving the growth of the market. Additionally, the gaming industry has been witnessing tremendous technological advancements such as virtual reality and artificial intelligence, which is further propelling the market growth in 2021 and beyond.

The changing landscape of casino gaming over the years has attracted many gamers from all walks of life. This includes millennials who are increasingly enjoying gambling activities in both land-based and online casinos. The increasing presence of land-based casinos in various countries and the rising penetration of smartphones and internet connectivity have further bolstered the growth of the casino gaming market. Furthermore, with the emerging technologies such as virtual reality and artificial intelligence (AI) gaining ground in this segment, operators are more inclined to use these tools for providing enhanced gaming experience to their customers.

Regional analysis

Geographically, the casino gaming market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America and Middle East & Africa (MEA). With the presence of a strong tourism sector in countries such as U.S., Canada and Mexico, North America is at the forefront in terms of casino gaming activities. The region has been witnessing increasing investments from various players, which have resulted in the introduction of modern and innovative gaming products.

Meanwhile, Asia Pacific (APAC) is also witnessing a significant rise in the number of casinos due to the presence of large population and high disposable income in countries such as China, India, Japan and South Korea. APAC is further expected to be the fastest growing market during the forecast period owing to rising participation of millennials in gambling activities in this region.

Key market players

Some of the major players operating in the casino gaming market are International Game Technology (IGT) Plc., Scientific Games Corporation, Novomatic AG, Caesars Entertainment Corporation, Galaxy Entertainment Group Ltd., Las Vegas Sands Corp., 888 Holdings Plc and Boyd Gaming Corporation. These companies are increasingly focusing on mergers and acquisitions and launching various innovative products to remain competitive in the market.

Key report metrics

Metrics Details
Years in review 2018-2027
Base year 2023
Forecast period 2023-2027
Regions covered
APAC, Europe, North America, Latin America, Middle East and Africa

Research methodology

For the purpose of this report, Reports and Data has segmented into the global casino gaming market on the basis of product type, application and region:

Product Type Outlook (Revenue, USD Billion; 2018-2027)

• Slot Machines
• Table Games
• Online Casino Gaming

Application Outlook (Revenue, USD Billion; 2018-2027)

• Land-based Casinos
• Online Casinos

Regional Outlook (Revenue, USD Billion; 2018-27)

• North
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The report is a must read for

• Casino gaming manufacturers
• Online casino operators
• Land-based casino owners
• Technology providers
• Regulatory authorities and policy makers
• Investors and venture capitalists

Casinos worldwide – statistics & facts:

Global casino and online gambling market size: $231B (2020)
Number of casinos in the US: 500+
Number of casinos in China: 1,000+
Most popular casino games: Blackjack, Roulette, Slot Machines
Number of people employed by casinos worldwide: 1.6M
Gambling as a % of global tax revenue: 6.9% (2015)
Most popular online gambling activities among adults in the U.S.: Fantasy sports (56%), Sports betting (43%), Casino games and slots (38%)
Problem gambling rate in Canada: 0.9%-2.3% (2018)
Problem gambling rate in the U.S.: 2%-5% (2016)
Estimated total global loss from gambling: $500B+ (2017)
Most common areas of concern related to online gambling in the U.S.: Payment processing and fraud prevention (53%), Underage gambling (41%), Protection of vulnerable populations (40%)
Most popular forms of regulated online gambling in Europe: Sports betting (60%), Casino games and slots (21%)
Number of countries with legal online gambling: 80+
Number of countries with no legal online gambling at all: 15

Executive Summary

  • Market Overview
  • Market Dynamics
  • Market Segmentation
  • Market Size and Forecast
  • Competitive Landscape
  • Key Vendor Analysis
  • Trends and Opportunities
  • Conclusion
  • Appendix

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