Casino gaming market in the US worth $93.6 billion by 2020, says Technavio

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This market study presents a comprehensive segmentation of the casino gaming market in the US by casino type (commercial, tribal, limited stakes, and iGaming), by end users (gambling enthusiasts, social exuberants, dabblers, lottery loyalists, and unengaged audience), and by game type (poker, blackjack, slot machines, poulettes, craps, and others). The top vendors in this market are Boyd Gaming, Caesars Entertainment, Las Vegas Sands, MGM Resorts, Penn National Gaming, and Wynn Resorts.

Technavio’s market research analysts estimate the casino games market in the US, to grow at a CAGR of about 5% between 2016 and 2020. Growing online gambling environment is boosting the demand for casino games in the US. A few US states such as Nevada, New Jersey, and Delaware have legalized online betting, while there is a surge in online casino as many people are gaining access to such portals.

The new market research report from Technavio provides a breakdown and analysis of the casino games segments by technology.

“Casinos across the US have the reputation of being some of the most glamorous and popular tourist attractions. Consequently, many states in the US have started legalizing casinos to attract tourists. Additionally, since the US is one of the few countries that allow advertisements for casinos, the number of tourists visiting casinos in the country is expected to increase rapidly over the next few years,” says Soumya Mutsuddi, Lead Analyst, Media & Entertainment, Technavio Research

Commercial casino segment is the largest market segment, and dominates the casino gaming market in the US. Commercial casinos are usually owned by private companies or large public corporations. The term commercial is used in the US to indicate that the gaming facility is not owned or operated on lands reserved for Native Americans. This market segment is envisaged to account for a market share of more than 47% by 2020.

Segmentation of US casino market by type 2020

Source: Technavio, 2016

The key vendors in the casino games market in the US include Boyd Gaming, Caesars Entertainment, Las Vegas Sands, MGM Resorts, Penn National Gaming, and Wynn Resorts. The major casinos in the US are located in Las Vegas, Nevada, Atlantic City, and New Jersey. The legalization of casinos across the US is expected to further enhance this market’s growth potential. While Pennsylvania has legalized table games like poker and blackjack at casinos in a move to generate higher revenues, the Delaware Senate has also passed a bill to allow table games. Some of the major casino companies are also bidding to build casinos in other states, which in turn will result in market growth during the forecast period.

A more detailed analysis is available in the Technavio report, Casino Gaming Market in the US 2016-2020.

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