Casino gaming market size in the US to Grow by USD 13.26 billion from 2022 to 2027; Growth driven by increasing spending capability of customers - Technavio

NEW YORK, April 17, 2023 /PRNewswire/ -- The casino gaming market size in US is estimated to grow by USD 13.26 billion between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 4.53% during the forecast period. The market is driven by the growth in the spending capability of customers. The rising number of double-income households has increased the per capita income of customers in the US. This has improved the spending power and the affordability of customers. In addition, the rise in the number of working women has increased customer spending on leisure activities, such as sports betting and casinos. Casinos were earlier not much preferred among customers due to low affordability, limited awareness, and high risks. However, with the increase in income levels, the demand for casino gaming is growing among customers. All these factors are driving the growth of the market. Discover some insights on the market size historic period (2017 to 2021) and the forecast period (2023-2027) before buying the full report - Request a sample report

Casino Gaming Market in US – Vendor Analysis

The casino market in US is fragmented due to the presence of numerous players that provide similar products. The competition among vendors is intense in the market. The vendors are competing on various aspects including price, variety, and innovation. Several global players are expected to expand their presence in the country during the forecast period. The major players are trying to expand their market shares through M and A activities. To capture a diverse customer base, companies are focusing on product innovations. With the high penetration of smartphones in the country, market vendors are trying to engage customers by cultivating an atmosphere of excitement and curiosity. Such factors are expected to intensify the competition in the market in focus during the forecast period. Some of the key vendors covered in the report include:

• Bet365 Group Ltd. - The company offers casino gaming solutions such as slot machines.
• Caesars Entertainment Inc. - The company offers online casino gaming solutions such as Roulette, Blackjack, and Baccarat.
• Churchill Downs Inc. - The company offers casino gaming solutions such as Eldorado, Silver Legacy, Circus Circus Reno, and Tropicana.
• DraftKings Inc. - The company offers casino gaming solutions such as Rosie's, Colonial Downs, and Derby City Gaming.
• Eclipse Gaming Systems
• Entain Plc
• Everi Holdings Inc.
• Fertitta Entertainment Inc.
• Incredible Technologies Inc.
• International Game Technology plc
• INTRALOT SA
• Kindred Group Plc
• Konami Group Corp.
• Light and Wonder Inc.
• PENN Entertainment Inc.

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Casino Gaming Market in US - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on type (commercial, tribal, limited stakes, and iGaming) and platform (traditional and online).

• The market growth in the commercial segment will be significant over the forecast period. Commercial casinos have the ability to attract a diverse range of customers. Many casinos cater to high rollers, offering exclusive VIP areas and high-stake games. Some casinos focus on casual gamers with lower minimum bets and a more relaxed atmosphere. Moreover, many commercial casinos in US have implemented loyalty programs to reward regular patrons with perks such as free play, complimentary meals, and hotel stays. In addition, the increased adoption of technology and digital gaming options such as online slots and mobile betting to appeal to younger audiences will drive the growth of the segment.  

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Casino Gaming Market in US – Market Dynamics

Key Trends – 

• Public image enhancement
• Increasing popularity of reconfigurable electronic gaming machines
• Adoption of VR in casino gaming

The casino market in US faces the challenge of having a tainted public image. Some of the states in the country have banned casinos due to moral or religious reasons. Hence, the government in the country is taking necessary measures to instill the image of the legitimacy of the game and provide equal opportunities to players. This has encouraged people to engage in online gambling games with confidence. In addition, some players in the market are making contributions toward social welfare and developmental activities to tackle the negative image of the gambling market. Such measures will create a positive impact on the growth of the market.

Major challenges – 

• Difficulties in securing online payments
• Jackpot fatigue in casino gaming
• Increasing instances of online scams

The need to provide security and confidentiality of customers' financial information is crucial in the gambling industry. Hence, casino operators must comply with the Payment Card Industry Data Security Standard (PCI-DSS). The PCI-DSS sets the standard to secure a cardholder's data and information to reduce financial fraud through credit and debit cards. It requires lottery companies to adopt digital security services. However, budget constraints limit the implementation of external security services among casino gaming companies. These challenges reduce the growth potential of the market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this casino gaming market in US report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the casino gaming market in US between 2023 and 2027
• Precise estimation of the size of the casino gaming market in US and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Casino gaming market across US
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of casino gaming market vendors in US

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Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Platform
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Casino gaming market in US 2017 - 2021 
• Exhibit 15: Historic Market Size – Data Table on Casino gaming market in US 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Platform Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – Platform Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 25: Chart on Type - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 27: Chart on Comparison by Type
• Exhibit 28: Data Table on Comparison by Type

• 6.3 Commercial - Market size and forecast 2022-2027 
• Exhibit 29: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 30: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
• Exhibit 31: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.4 Tribal - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Tribal - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Tribal - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Tribal - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Tribal - Year-over-year growth 2022-2027 (%)

• 6.5 Limited stakes - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Limited stakes - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Limited stakes - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Limited stakes - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Limited stakes - Year-over-year growth 2022-2027 (%)

• 6.6 iGaming - Market size and forecast 2022-2027 
• Exhibit 41: Chart on iGaming - Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Data Table on iGaming - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Chart on iGaming - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on iGaming - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Type 
• Exhibit 45: Market opportunity by Type ($ billion)
• Exhibit 46: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Platform

• 7.1 Market segments
• Exhibit 47: Chart on Platform - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Platform - Market share 2022-2027 (%)

• 7.2 Comparison by Platform 
• Exhibit 49: Chart on Comparison by Platform
• Exhibit 50: Data Table on Comparison by Platform

• 7.3 Traditional - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Traditional - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Traditional - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Traditional - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Traditional - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Platform 
• Exhibit 59: Market opportunity by Platform ($ billion)
• Exhibit 60: Data Table on Market opportunity by Platform ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 62: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape
• Exhibit 63: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption
• Exhibit 64: Overview on factors of disruption

• 10.4 Industry risks
• Exhibit 65: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered
• Exhibit 66: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 67: Matrix on vendor position and classification

• 11.3 Angel Group Co. Ltd.
• Exhibit 68: Angel Group Co. Ltd. - Overview
• Exhibit 69: Angel Group Co. Ltd. - Product / Service
• Exhibit 70: Angel Group Co. Ltd. - Key offerings

• 11.4 Aristocrat Leisure Ltd. 
• Exhibit 71: Aristocrat Leisure Ltd. - Overview
• Exhibit 72: Aristocrat Leisure Ltd. - Business segments
• Exhibit 73: Aristocrat Leisure Ltd. - Key offerings
• Exhibit 74: Aristocrat Leisure Ltd. - Segment focus

• 11.5 Bet365 Group Ltd.
• Exhibit 75: Bet365 Group Ltd. - Overview
• Exhibit 76: Bet365 Group Ltd. - Product / Service
• Exhibit 77: Bet365 Group Ltd. - Key offerings

• 11.6 Caesars Entertainment Inc. 
• Exhibit 78: Caesars Entertainment Inc. - Overview
• Exhibit 79: Caesars Entertainment Inc. - Business segments
• Exhibit 80: Caesars Entertainment Inc. - Key news
• Exhibit 81: Caesars Entertainment Inc. - Key offerings
• Exhibit 82: Caesars Entertainment Inc. - Segment focus

• 11.7 Churchill Downs Inc.
• Exhibit 83: Churchill Downs Inc. - Overview
• Exhibit 84: Churchill Downs Inc. - Business segments
• Exhibit 85: Churchill Downs Inc. - Key news
• Exhibit 86: Churchill Downs Inc. - Key offerings
• Exhibit 87: Churchill Downs Inc. - Segment focus

• 11.8 Eclipse Gaming Systems 
• Exhibit 88: Eclipse Gaming Systems - Overview
• Exhibit 89: Eclipse Gaming Systems - Product / Service
• Exhibit 90: Eclipse Gaming Systems - Key offerings

• 11.9 Incredible Technologies Inc. 
• Exhibit 91: Incredible Technologies Inc. - Overview
• Exhibit 92: Incredible Technologies Inc. - Product / Service
• Exhibit 93: Incredible Technologies Inc. - Key offerings

• 11.10 International Game Technology plc 
• Exhibit 94: International Game Technology plc - Overview
• Exhibit 95: International Game Technology plc - Business segments
• Exhibit 96: International Game Technology plc - Key offerings
• Exhibit 97: International Game Technology plc - Segment focus

• 11.11 INTRALOT SA
• Exhibit 98: INTRALOT SA - Overview
• Exhibit 99: INTRALOT SA - Business segments
• Exhibit 100: INTRALOT SA - Key offerings
• Exhibit 101: INTRALOT SA - Segment focus

• 11.12 Kindred Group Plc
• Exhibit 102: Kindred Group Plc - Overview
• Exhibit 103: Kindred Group Plc - Business segments
• Exhibit 104: Kindred Group Plc - Key offerings
• Exhibit 105: Kindred Group Plc - Segment focus

• 11.13 Konami Group Corp.
• Exhibit 106: Konami Group Corp. - Overview
• Exhibit 107: Konami Group Corp. - Business segments
• Exhibit 108: Konami Group Corp. - Key offerings
• Exhibit 109: Konami Group Corp. - Segment focus

• 11.14 Light and Wonder Inc. 
• Exhibit 110: Light and Wonder Inc. - Overview
• Exhibit 111: Light and Wonder Inc. - Business segments
• Exhibit 112: Light and Wonder Inc. - Key offerings
• Exhibit 113: Light and Wonder Inc. - Segment focus

• 11.15 PENN Entertainment Inc. 
• Exhibit 114: PENN Entertainment Inc. - Overview
• Exhibit 115: PENN Entertainment Inc. - Business segments
• Exhibit 116: PENN Entertainment Inc. - Key offerings
• Exhibit 117: PENN Entertainment Inc. - Segment focus

• 11.16 PlayAGS Inc.
• Exhibit 118: PlayAGS Inc. - Overview
• Exhibit 119: PlayAGS Inc. - Business segments
• Exhibit 120: PlayAGS Inc. - Key offerings
• Exhibit 121: PlayAGS Inc. - Segment focus

• 11.17 Universal Entertainment Corp. 
• Exhibit 122: Universal Entertainment Corp. - Overview
• Exhibit 123: Universal Entertainment Corp. - Business segments
• Exhibit 124: Universal Entertainment Corp. - Key offerings
• Exhibit 125: Universal Entertainment Corp. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 126: Inclusions checklist
• Exhibit 127: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 128: Currency conversion rates for US$

• 12.4 Research methodology
• Exhibit 129: Research methodology
• Exhibit 130: Validation techniques employed for market sizing
• Exhibit 131: Information sources

• 12.5 List of abbreviations 
• Exhibit 132: List of abbreviations

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Technavio is a leading technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.

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