Global Casinos Market (2021-2026) by Casino Type, Gaming Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Casinos Market is estimated to be USD 134.9 Bn in 2021 and is expected to reach USD 159.8 Bn by 2026, growing at a CAGR of 3. 45%.

Market Dynamics

The factors such as rising demand for gaming and increasing social acceptance for casinos, change in the standard of living, and rapid growth in technology are increasing the casinos market. Furthermore, with the launch of VR hardware, the general public was instantly attracted to VR gambling games. In addition, technological advancements such as AI, ML, Blockchain technology are expected to bring an opportunity for future growth of the market by providing an additional layer of security and features to existing casinos.

However, government regulations in certain nations restrict the establishment of casinos which is majorly hindering market growth. In addition, the long process for authorization of licenses for online gaming sites has further hamper global casino market growth.

Market Segmentation

The Global Casinos Market is segmented further based on Casino Type, Gaming Type, and Geography.

By Casino Type, the market is classified into offline casino gaming and online casino gaming. Amongst all, the offline casino gaming segment is estimated to hold the highest market share during the forecast period.

By Gaming Type, the market is classified as lottery, poker, blackjack, slot machines, roulettes, craps, bingo, and others. Amongst all, the lottery segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Operator 888 has acquired a portfolio of Jet's digital bingo brands to strengthen its position within the UK online bingo market - 19th February 2019
2. Evolution partners with the Canadian Bank Note Company, Limited (CBN) to deliver online Live Casino services as part of a major enhancement program to national lotteries run or supported by CBN worldwide - 16th March 2021

Company Profiles

Some of the companies covered in this report are Addison Global Limited, Belle Corporation, Bet365 Group Ltd, Betsson AB, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Casinos Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market