Casino Market

The global casino market is expected to register a high growth rate of 7.6% and reach USD 476.27 billion in 2025.

According to Wantstats analysis, the increasing popularity of mobile gaming among the young population and the legalization of online gambling in many countries are some of the factors responsible for the growth of the market during the forecast period. Along with this, the increasing disposable income of the masses in the developing nations is another reason fueling the growth of the offline as well as online casino markets. However, security risks such as cyberattacks, and local licensing and regulatory hurdles are major challenges for gamblers and operators.

According to Wantstats analysis, the mobile gambling market has been segmented based on type and region. Based on type, the market has been segmented into lottery, slot machine, roulette, crap, poker, and blackjack. The lottery segment accounted for the highest market share in 2018, whereas the poker segment is expected to register the highest CAGR during the forecast period. Slot machine games are expected to surpass the lottery games segment in 2025 and have the largest market share due to the growing popularity among the gamblers.

Geographically, the global mobile gambling market has been categorized as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Asia-Pacific led the mobile gambling market with a share of 33.06% in 2018 and is expected to be the fastest-growing regional market, registering the highest CAGR of 9% during the forecast period.

Wantstats study identifies some of the prominent key players in the mobile gambling market, including Microgaming (Isle of Man), Evolution Gaming (Latvia), Chetu, Inc. (US), Creatiosoft (India), Elaunch Solution Pvt. Ltd (India), Playson (Malta), Betsoft (Malta), Betsson AB (Sweden), Kindred Group PLC (UK), NetEnt AB (Sweden), Paddy Power Betfair PLC (Ireland), The 888 Group (Europort), Scientific Games (US), Ladbrokes (UK), and Addison Global Limited (UK).