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Digital Revolution Fuels Unprecedented Growth In Casino* Market Through The Surge Of Online Gambling*: A Key Driver Powering Casino*Market Growth In 2025
Casino*
What Is the Current Casino* Market Size and Its Estimated Growth Rate?
In recent years, the casino* market has shown robust growth. It is projected to expand from $142.02 billion in 2024 to $151.43 billion in 2025, at a compound annual growth rate (CAGR) of 6.6%. This growth over the historical period can be credited to factors such as the established culture of gambling*, advancements in regulatory frameworks, tourism and destination allure, integration of entertainment and hospitality, economic trends, and consumer expenditure.
In the upcoming years, the casino* market is forecasted to witness solid growth, reaching a market size of $180.7 billion by 2029 with an annual compound growth rate (CAGR) of 4.5%. The growth during this period can be credited to factors such as the digital revolution in the gambling* sector, the rise of cryptocurrency casino*, alterations in online gambling* regulations, and advancements in gaming technologies, along with an emphasis on responsible gambling*. Notable trends projected for this period entail partnerships across industries, emphasis on data protection, shifting demographics, worldwide economic elements, and environmental sustainability.
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How Are Emerging Segments Shaping the Casino* Market Landscape?
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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Which Growth Factors Are Influencing Casino* Market Expansion?
The rise in online gambling* is projected to fuel the expansion of the casino* market. The term 'online gambling'* refers to the act of using the internet to place wagers and earn income. Online gambling* aids in the growth of the casino* market by shifting to a digital platform where bets are placed with credit cards instead of cash. Both gains and losses are handled electronically. For instance, as reported by the London Economic, a non-governmental organization based in the UK in July 2023, there were 24.7 million active online gamblers in the UK in 2023, a 6.2% rise from 2022. Hence, the escalating demand for online gambling* is contributing to the expansion of the casino* market.
Who Are the Dominant Players Across Different Casino* Market Segments?
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 Casino* 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 Casino* Inc.
What Are the Latest Developing Trends in the Casino* Market?
The casino* market has been experiencing a rising trend of product innovation, with companies introducing inventive products to fortify their market stance. Demonstrating this trend in March 2023, MGM Resorts International, an American sports betting and iGaming operator, unveiled MGM Riches. This revolutionary slot experience, which can be accessed online via BetMGM as well as a traditional slot game on BetMGM's iCasino* platform or at MGM Resorts' physical outlets nationwide, marked a first in the industry. MGM Riches presents a multi-denomination, multi-level progressive slot game, featuring two distinct themes: MGM Riches Triple Ruby and MGM Riches 5x Sapphire.
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Which Geographic Regions Are Expected to Dominate the Casino* Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Casino* Market?
2. What is the CAGR expected in the Casino* Market?
3. What Are the Key Innovations Transforming the Casino* Industry?
4. Which Region Is Leading the Casino* Market?
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