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Casinos and Gambling Market to grow by USD 90.22 billion from 2022 to 2027 | Growing popularity of online gambling boosts the market growth -Technavio

NEW YORK, Oct. 12, 2023 /PRNewswire/ — The casinos and gambling market is estimated to grow by USD 90.22 billion from 2022 to 2027, growing at a CAGR of 8.13%. The casinos and gambling market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer casinos and gambling market are 888 Holdings Plc, Affinity Gaming, Boyd Gaming Corp., Caesars Entertainment Inc., Crown Resorts Ltd., Flutter Entertainment Plc, Galaxy Entertainment Group Ltd., Genting Group, Golden Entertainment Inc., Kindred Group Plc, L and L Europe Ltd., Las Vegas Sands Corp., Melco Resorts and Entertainment Ltd., MGM Resorts International, Park Lane Club, Penn National Gaming Inc., Philippine Amusement and Gaming Corp., SJM Holdings Ltd., Wozo Gaming, and Wynn Resorts Ltd. For details on companies and their offerings – Buy report!

Company Offering:

  •  888 Holdings Plc: The company offers gambling and casino services under the brand names 888casino, 888sport, 888poker, William Hill, and Mr. Green.
  • The report provides a full list of key companies, their strategies, and the latest developments. Download Sample before buying

By Geography, the market is classified as North America, APAC, Europe, South America, and Middle East and Africa. North America will have the largest share of the market.

North America accounts for 38% of the growth of the global market during the forecast period. Some of the major factors that are significantly contributing to the growth of the market in North America include the growing adoption of technology and digital platforms, along with the favorable trend of states legalizing various forms of gambling. In addition, there is a positive environment for the casino gambling market in North America due to the relaxation of regulations. Hence, such factors are driving the market growth in North America during the forecast period.

Download free sample report to get more insights on the market share of various regions and contribution of the segments.

  • Impactful driver- Growing popularity of online gambling
  • Key Trend – Increasing use of social media marketing
  • Major Challenges – Socio-economic impact of casinos

 Market Segmentation

  • The market share growth by the offline segment is significant during the forecast period. There is an increasing preference for an offline segment for casino gaming due to privacy issues in online platforms, lack of technology adoption, and the prevalence of government regulations that only enable casino gaming through offline channels. Offline platforms including land-based casinos and standalone gaming machines provide various advantages, due to which the segment still holds the largest share of the market. Several operators are utilizing standalone slot machines to promote casino games. These slot machines are available and accessible across various retail stores or supermarkets. One of the main advantages of these slot machines is that they offer ease of payment, where customers bring their own devices with bets and amounts ready and simply make the payment at the counter using a smartphone or card. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

Technavio Research experts has provided more insights on the market share of segments – View Free Sample Report

Related Reports:
The augmented reality (AR) gaming market size is estimated to grow at a CAGR of 30.11% between 2022 and 2027. The market size is forecast to increase by USD 24,120.94 million. This AR gaming market report extensively covers market segmentation by type (mobile devices, HMDS, and smart glasses), component (hardware and software), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The increasing investments in AR technology a driving growth in the market.

The Philippines casino gaming market size is estimated to grow at a CAGR of 8.94% between 2022 and 2027. The market size is forecast to increase by USD 2,207.56 million. This Philippines casino gaming market report extensively covers market segmentation by type (land-based casino gaming and online casino gaming), and product (slot machines, lottery ticket machines, electronic roulette, multiplayer game stations, and gaming servers). The increase in penetration of online casino gaming is driving growth in the Philippines casino gaming market.

Casinos And Gambling Market Scope

Report Coverage


Historic period


Growth momentum & CAGR

Accelerate at a CAGR of 8.13%

YoY growth 2022-2023 (%)


Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Key countries

US, Canada, China, UK, Germany, US, Canada, China, UK, and Germany


1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Platform

7 Market Segmentation by Type

8 Market Segmentation by Geography

9 Customer Landscape

10 Geographic Landscape

11 Drivers, Challenges, and Trends

12 Company Landscape

13 Company Analysis

14 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

Originally published at https://www.prnewswire.com/news-releases/casinos-and-gambling-market-to-grow-by-usd-90-22-billion-from-2022-to-2027–growing-popularity-of-online-gambling-boosts-the-market-growth–technavio-301955157.html
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