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What key factors are powering the surge in the casino market right now?

In the past few years, there has been significant expansion in the casino industry. The market size is set to increase from $142.02 billion in 2024 to $151.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.6%. The historical growth can be credited to traditional gambling practices, development of regulatory frameworks, attractiveness of tourism and destinations, amalgamation of entertainment and hospitality, economic patterns, and consumer expenditure.

How fast Is the casino market expected to grow, and what’s its future value?

Predictions show that the casino industry will experience consistent expansion in the upcoming years, estimating its market size to reach $180.7 billion by 2029, with a compound annual growth rate (CAGR) of 4.5%. This growth during the prediction period is linked to various factors, including the digital revolution in gambling, the rise of cryptocurrency casinos, modifications in online gambling regulations, advancements in gaming technologies, and emphasis on responsible gambling. Other emerging trends expected during this forecast period include partnerships across different industries, a stronger focus on data security, shifting demographics, international economic considerations, and environmental sustainability.

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What are the leading drivers of growth in the casino market?

The escalation in online gambling demand is anticipated to spur the expansion of the casino market. Online gambling, which entails using the internet to place bets and win money, is a significant driving force behind the enlargement of the casino market. Instead of cash, betting occurs through a digital medium with credit cards, and both gains and losses are managed electronically. For instance, the London Economic, a UK-based non-governmental entity, reported in July 2023 that the number of active online gamblers in the UK swelled to 24.7 million in 2023, marking a 6.2% hike compared to 2022. As a result, the rising demand for online gambling is fuelling the growth of the casino market.

What are the key segments defining the casino market?

The casino market covered in this report is segmented –

1) By Type: Gambling Machines, Gaming Tables, Other Types

2) By Channel Type: Offline, Online

3) By End User: Routellte, Vr Version

Subsegments:

1) By Gambling Machines: Slot Machines, Video Lottery Terminals, Electronic Table Games

2) By Gaming Tables: Blackjack Tables, Roulette Tables, Poker Tables, Baccarat Tables

3) By Other Types: Sports Betting, Bingo Halls, Lottery Services

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Who are the key players steering the development of the casino market?

Major companies operating in the casino market include 888 Holdings plc, Boyd Gaming Corporation, Caesars Entertainment Corporation, Melco Resorts and Entertainment Limited, Delaware Park Casino & Racing, Eldorado Reno Resort Casino, Foxwoods Resort Casino, Galaxy Entertainment Group Ltd., Golden Nugget Atlantic City Hotel Casino & Marina, Harrington Raceway & Casino, LC International Limited, MGM Resorts International, Palms Casino Resort, Penn Entertainment Inc., Bally’s Corporation, Churchill Downs Incorporated, Genting Group, Golden Entertainment Inc., Hard Rock International Inc., SJM Holdings Limited, Station Casinos LLC, Star Entertainment Group Limited, Tropicana Entertainment Inc., Wynn Resorts Limited, Las Vegas Sands Corp., Red Rock Resorts Inc., Eldorado Resorts Inc., Monarch Casino & Resort Inc., Pinnacle Entertainment Inc., Isle of Capri Casinos Inc.

What emerging trends are influencing the growth of the casino market?

Emphasizing product innovation is a significant trend that is increasingly becoming prevalent in the casino industry. Casino market operators are focusing on creating innovative products to solidify their market standing. For example, in March 2023, MGM Resorts International, a sports betting and iGaming operator based in the US, introduced MGM Riches, a unique custom slot experience. This game can be accessed online via BetMGM or as a traditional slot game on BetMGM’s iCasino platform, or even physically at MGM Resorts locations nationwide. MGM Riches is a progressive slot game with multi-denomination and multi-level features, offering two theme options – MGM Riches Triple Ruby and MGM Riches 5x Sapphire.

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Which regions are most influential in expanding the casino market?

Asia-Pacific was the largest region in the casino market in 2024. The regions covered in the casino market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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