Casino Market Size Outlook, Share Value, Global Growth Drivers and Industry Forecast to 2027

 Overview

The global casino market is likely to reach USD 476,273.7 million by 2025, registering a 7.6% CAGR during the study period, 2019–2025.

The legalization of mobile gambling is one of the key factors driving the growth of the global market. The legal status of mobile gambling varies from country to country and even from state to state within that country. Some of the key countries where mobile gambling is legal are France, Hungary, Ireland, and the US. In the US, almost all type of mobile gambling is legal; however, illegal sports betting that crosses the state borders, is prohibited under the Wire Act. Online gambling games such as poker are legal in New Jersey, Pennsylvania, and Delaware, among others. Similarly, in France, various types of games are legal for betting over the Internet, including sports betting and betting on horses; however, online casino gambling is still not legal in the country.

There are several countries that have recently legalized gambling, and it is expected that these countries, in the coming years, might legalize mobile gambling as well. For instance, in 2016, authorities in Japan passed a bill to legalize gambling in the country. The legalization of gambling is expected to attract a number of international casinos; in fact, it is expected that in the next few years, mobile gambling might also be fully legalized. Currently, the country’s laws do not specifically define the regulations for mobile gambling. Additionally, it is difficult to get a license for a website for mobile gambling. However, with most countries easing the regulations on mobile gambling, the market is expected to display significant growth.

 

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Market Segmentation

The casino market is segregated into different market segments based on type and regions. For a comprehensive analysis of the market, the type and regions segments are further split into smaller segments. The type segment is categorized into Blackjack, Craps, Lottery, Poker, Roulette, and Slot Machines. Furthermore, based on regions, the global market is also segmented into Asia-Pacific (China, Japan, Australia and Rest of Asia-Pacific), Europe (Germany, UK, France and Rest of Europe), North America (US, Canada and Mexico), Middle East & Africa and South America.

Increased income levels of customers will support the market growth from 2019 to 2026. As per the market research report, the global casino market is anticipated to grow at a healthy rate across all the type and regions segments. However, the presence of active threats such as security risks and legal hurdles could hamper the market growth. Business activities across information and communication technology have also been examined and studied by information and communication technology industry’s experienced analysts. The casino market research report covers findings with predictions and forecasts till 2026. 

 

Regional Analysis

Based on regions, the global casino market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Asia-Pacific accounted for the largest market share of 33% in 2018, with a market value of USD 96,340.6 million; the market is expected to register the highest CAGR of 9% during the forecast period. In 2018, North America was the second-largest market, valued at USD 89,832.1 million; the casino market is projected to exhibit a 6.7% CAGR.

North America is expected to be one of the largest revenue generators in the casino market during the forecast period. The region is the second-largest market in the world and has eased restrictions on gambling recently. The overall high standard of living and high disposable income across the majority of North American countries have helped the casino market grow in the region. North America, by country, has been segmented into the US, Canada, and Mexico.

Asia-Pacific has been segmented into China, India, Japan, and the rest of Asia-Pacific. This region is mostly unfavorable for casino gaming in the current legal standing. Japan and India have been trying to make changes in legislation to allow sports betting and casinos, but it largely remains a cultural and religious taboo. This has deterred the growth of the casino market in this region.

Europe has one of the most relaxed laws for gambling and was one of the first regions to regulate it. Some of the largest gambling companies operating in the market, such as Kindred Group Plc, Bet365, and 888 Holdings, have originated in Europe. The region has been segmented into the UK, Germany, France, and the rest of Europe.

The market in Middle East & Africa and South America are expected to show high growth rates during the study period due to the growing popularity of casinos and higher internet connectivity in the regions.

 

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Competitive Analysis

The key players of the global casino market are Microgaming (Isle of Man), Evolution Gaming (Latvia), Chetu, Inc. (US), Creatiosoft (India), Elaunch Solution Pvt. Ltd (India), Playson (Malta), Betsoft (Malta), Betsson AB (Sweden), Kindred Group PLC (UK), NetEnt AB (Sweden), Paddy Power Betfair PLC (Ireland), The 888 Group (Europort), Scientific Games (US), Ladbrokes (UK), and Addison Global Limited (UK).

Industry News

Penn National Gaming, Inc. reported today that it has reached a deal with Gaming and Leisure Properties, Inc. to buy the Hollywood Casino Perryville operations in Maryland for $31.1 million in cash, subject to customary working capital changes. Penn National will enter into a contract with GLPI for both the real estate properties connected with the Hollywood Casino Perryville facility at the same time as the deal closes, with an annual rent of nearly $7.77 million. The deal is scheduled to close in mid-2021, subject to Maryland Lottery as well as Gaming Control Commission approval and some other standard closing arrangements.

 

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Comments

  1. Spot WalletAugust 27, 2021 at 1:53 AM

    The global online casino market really is getting the biggest share value on the gambling scene and industry.

    ReplyDelete

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