{"id":61976,"date":"2024-03-08T12:55:12","date_gmt":"2024-03-08T04:55:12","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=61976"},"modified":"2024-03-08T12:55:44","modified_gmt":"2024-03-08T04:55:44","slug":"casino-gambling-market-to-grow-by-90-22b-from-2022-2027-technavio","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2024\/03\/08\/casino-gambling-market-to-grow-by-90-22b-from-2022-2027-technavio\/","title":{"rendered":"Casino, gambling market to grow by $90.22B from 2022-2027; online gambling boosts market growth – Technavio"},"content":{"rendered":"\n

The\u00a0casinos\u00a0and\u00a0gambling\u00a0market\u00a0is estimated to grow by\u00a0$90.22 billion\u00a0from 2022 to 2027, growing at a\u00a0CAGR of 8.13%, according to a report from Technavio.<\/a><\/strong><\/p>\n\n\n\n

The\u00a0casinos\u00a0and\u00a0gambling\u00a0market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer\u00a0casinos\u00a0and\u00a0gambling\u00a0market 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\u00a0Ltd., MGM Resorts International, Park Lane Club, Penn National Gaming Inc., Philippine Amusement and Gaming Corp., SJM Holdings Ltd., Wozo Gaming, and Wynn Resorts Ltd.<\/p>\n\n\n\n

By geography, the market is classified as\u00a0North America, APAC,\u00a0Europe,\u00a0South America, and\u00a0Middle East\u00a0and\u00a0Africa.\u00a0North America\u00a0will have the largest share of the market.<\/p>\n\n\n\n

North America\u00a0accounts for\u00a038%\u00a0of 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\u00a0North America\u00a0include the growing adoption of technology and digital platforms, along with the favorable trend of states legalizing various forms of\u00a0gambling. <\/p>\n\n\n\n

In addition, there is a positive environment for the\u00a0casino\u00a0gambling\u00a0market in\u00a0North America\u00a0due to the relaxation of regulations. Hence, such factors are driving the market growth in\u00a0North America\u00a0during the forecast period.<\/p>\n\n\n\n

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The market share growth by the\u00a0offline segment\u00a0is significant during the forecast period. There is an increasing preference for an offline segment for\u00a0casino\u00a0gaming due to privacy issues in online platforms, lack of technology adoption, and the prevalence of government regulations that only enable\u00a0casino\u00a0gaming through offline channels.\u00a0<\/strong><\/p>\n<\/blockquote>\n\n\n\n

Offline platforms including land-based\u00a0casinos\u00a0and standalone gaming machines provide various advantages, due to which the segment still holds the largest share of the market. Several operators are utilizing\u00a0standalone slot machines to promote\u00a0casino\u00a0games. These slot machines are available and accessible across various\u00a0retail stores or supermarkets. <\/p>\n\n\n\n

One of the main advantages of these slot machines is that they offer\u00a0ease 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

North America\u00a0accounts for\u00a038%\u00a0of 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\u00a0North America\u00a0include the growing adoption of technology and digital platforms, along with the favorable trend of states legalizing various forms of\u00a0gambling.<\/p>\n","protected":false},"author":6,"featured_media":57415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[6594,6305,34,5031,5883],"class_list":["post-61976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","tag-casino","tag-gambling","tag-gaming-2","tag-online-casino","tag-online-gambling"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/61976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=61976"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/61976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/57415"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=61976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=61976"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=61976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}