The Casino Gambling Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Casino Gambling Global Market Report 2024, The casino gambling market size has grown strongly in recent years. It will grow from $149.51 billion in 2023 to $160.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to the relaxation of gambling laws, adoption of online gambling platforms and mobile gaming apps, strong economic growth, increased global travel and tourism, and aggressive marketing campaigns.
The casino gambling market size is expected to see strong growth in the next few years. It will grow to $214.64 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to continued advancements in VR, AR, and blockchain technology, post-pandemic economic growth, increased penetration of smartphones and better internet connectivity, entry of major casino operators into emerging markets, strengthening synergies between the casino gambling industry and the broader tourism and leisure sectors. Major trends in the forecast period include virtual reality (VR) and augmented reality (AR) gaming, blockchain and cryptocurrency integration, artificial intelligence (AI) and machine learning (ML), integration of esports betting within casinos, and the development of hybrid models.
Growing online gambling is expected to propel the growth of the casino gambling market going forward. Online gambling refers to the act of placing bets or playing games of chance over the internet for money or other stakes. The rise in online gambling is driven by increased internet accessibility, convenience, and the proliferation of mobile devices. Online gambling boosts casino gambling by increasing brand visibility and attracting new players through accessible, engaging digital platforms. For instance, in February 2022, according to a consumer survey conducted by the Australian communication and Media Authority, an Australia-based government agency, the prevalence of online gambling (excluding lotteries) saw a significant increase in 2021, with over one in ten Australian adults (11%) reporting they had gambled online in the six months leading up to June 2021, compared to 8% in 2020. Therefore, growing online gambling is driving the growth of the casino gambling market.
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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
Major companies operating in the casino gambling market are increasingly focused on developing advanced technologies, such as next-gen gaming platforms, to enhance the user experience and operational efficiency. Next-gen gaming platforms refer to advanced systems that offer innovative features, improved user interfaces, and enhanced scalability to deliver a superior gaming experience and optimize operations. For instance, in January 2024, Gaming Innovation Group (GiG), a Malta-based iGaming technology company, launched PlayR and Palasino, online casino brands. PlayR is targeting the emerging Brazilian market, which has recently seen regulatory approval for online casinos. The brand will utilize GiG’s next-generation platform technology, designed to enhance the user experience and operational efficiency in competitive markets. The Palasino platform will integrate GiG’s award-winning player account management system and advanced AI solutions. This technology is tailored to improve player acquisition and retention, enhancing operational capabilities in complex regulatory environments.
The casino gambling market report table of contents includes:
1. Executive Summary
2. Casino Gambling Market Characteristics
3. Casino Gambling Market Trends And Strategies
4. Casino Gambling Market – Macro Economic Scenario
5. Global Casino Gambling Market Size and Growth
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32. Global Casino Gambling Market Competitive Benchmarking
33. Global Casino Gambling Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Casino Gambling Market
35. Casino Gambling Market Future Outlook and Potential Analysis
36. Appendix
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