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What CAGR Will the Casino Gambling Market Achieve During 2025–2034, and What Does It Indicate?

The expansion of the casino gambling market has been notable in the previous years. The estimations point to a surge from $160.58 billion in 2024 to $172.94 billion in 2025, marking a compound annual growth rate (CAGR) of 7.7%. The notable growth during the historic period can be associated with the easing of gambling regulations, the embrace of online gambling tools and mobile gaming apps, robust economic growth, an uptick in global travel and tourism, as well as vigorous marketing drives.

In the forthcoming years, the casino gambling market is projected to experience robust growth, escalating to $230.35 billion by 2029 with a compound annual growth rate (CAGR) of 7.4%. Factors contributing to the growth during the forecast period include continuous advancements in AR, VR, and blockchain technology, post-pandemic economic recovery, increased smartphone usage and improved internet connectivity, infiltration of key casino operators into developing markets, and intensifying affiliations between the casino gambling industry and the overall tourism and recreation sectors. The forecast period will see significant trends like the incorporation of VR and AR gaming, blockchain and cryptocurrency, AI and ML, the inclusion of esports betting within casinos, and the creation of hybrid models.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the Casino Gambling Market?

The expansion of online gambling is projected to drive the casino gambling market’s growth. This refers to the act of wagering or playing games of chance over the internet for money or other benefits. The surge in online gambling can be attributed to increased internet accessibility, convenience, and the prevalence of mobile devices. By elevating brand visibility and enticing new players through user-friendly, captivating digital platforms, online gambling amplifies casino gambling. For example, CasinosEnLigne.com, a Canadian website providing data on the online gambling industry, reported in May 2023 that the online gambling industry had doubled in four years, reaching 176M users and generating $95B in revenue in 2023. This revenue represents an average year on year growth of 20%. Thus, the rise in online gambling is a significant driver for the casino gambling market’s growth.

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Who Are the Key Firms Paving the Way for Growth in the Casino Gambling Market?

Major companies operating in the casino gambling market are:

• MGM Resorts International Inc.

• Flutter Entertainment plc

• Caesars Entertainment Inc.

• Wynn Resorts Limited

• International Game Technology PLC

What Are the Most Influential Trends Currently Shaping the Casino Gambling Market?

Leading businesses in the casino gambling sector are focusing more on the creation of cutting-edge technologies like next-gen gaming platforms, aiming to improve both user experience and operational effectiveness. Next-gen gaming platforms are sophisticated systems equipped with unique features, better user interfaces, and higher scalability to provide an outstanding gaming experience and streamline operations. In January 2024, Gaming Innovation Group (GiG), an iGaming technology company from Malta, introduced PlayR and Palasino, their new online casino brands. PlayR intends to tap into the budding Brazilian market, which has recently achieved regulatory approval for online casinos. It will leverage GiG’s futuristic platform technology, specifically devised to boost user experience and operational effectiveness in competitive markets. The Palasino platform will incorporate GiG’s prize-winning player account management system and advanced AI technologies, manufactured to magnify player engagement and retention, thereby strengthening operational proficiency in stringent regulatory scenarios.

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What Are the Main Segments of the Casino Gambling Market, and How Are They Evolving?

The casino gambling market covered in this report is segmented –

1) By Type: Live Casino, Baccarat, Blackjack, Poker, Slots, Other Casino Games

2) By Platform: Offline, Online

3) By End User: Dabblers, Gambling Enthusiasts, Lottery Loyalists, Social Exuberant, Unengaged Audience

Subsegments:

1) By Live Casino: Live Dealer Blackjack, Live Dealer Roulette, Live Dealer Baccarat

2) By Baccarat: Punto Banco, Chemin De Fer, Baccarat Banque

3) By Blackjack: Classic Blackjack, European Blackjack, Vegas Strip Blackjack

4) By Poker: Texas Holdem, Omaha, Seven-Card Stud

5) By Slots: Video Slots, Classic Slots, Progressive Slots

6) By Other Casino Games: Craps, Roulette, Keno

Which Regions Are Essential for the Growth of the Casino Gambling Market?

North America was the largest region in the casino gambling market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the casino gambling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Elements Shape the Definition of the Casino Gambling Market?

Casino gambling refers to the act of playing games of chance within a casino setting, where players bet money or other valuables on the outcome. These games include slot machines, card games, dice games, and other forms of entertainment. The primary goal is to win monetary rewards while enjoying the entertainment provided by the casino environment.

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