The Rise of Casino Gaming Equipment Market

06 February 2020

Owing to the mass participation of people in casino gaming and gambling, the global casino gaming equipment market is expected to over $4 billion by 2024. Increasing smartphone penetration is a major factor for market traction. In addition, Wi-Fi connectivity links the device to a specific application on smartphones or tablets. Companies are continuously focusing on exploring the potential consumer segment to drive revenues. The market is expected to witness rapid growth due to the increased awareness of connected devices among end-users.

Read: Casino Gaming Equipment Market Global Outlook and Forecast 2019-2024

Geographical Overview of Casino Gaming Equipment

North America: The region accounts for over 50% of the revenue market share. Gambling activities have been ever popular among Americans. The total spending in the US casino gambling was estimated to be approximately $42 billion in 2018 with Las Vegas, Nevada being one of the largest casino markets in the world. There is a high demand for slot machines, gaming tables, video lottery terminals (VLTs), which are expected to increase during the forecast period. In 2017, 44 states in the US allowed players to legally place bets online. Nevada, Pennsylvania, New Jersey, and Louisiana are some of the leading states that generate major revenue through gambling.

In Canada, Ontario accounted for the largest share of the gross gambling revenue in 2018 with approximately 43% of the gambling industry in Canada. The high revenue from Ontario can be attributed to the presence of the most populated one. The global casino gaming equipment market generated over $328 million in 2018, which is likely to increase due to the growing lottery market and the inclination toward legalizing sports betting.

APAC: The region is the largest gambling market in the world with Macau being the largest regional market for gambling. Countries such as China, Singapore, Japan, India, and Vietnam are expected to witness increased attraction toward gambling due to the increasing per capita disposable incomes during the forecast period. The market generated revenue of over $1.4 billion in 2018. The Australian population accounts for the highest gambling participation rate in the world. Rapid advances in technology observed expansion in Australian online casino sites and rise in popularity of virtual gambling as more punters turn to online, mobile, and tablet betting alternatives. In 2018, the casino gaming equipment market generated over $197 million in Australia. Australians tend to spend more on slot machines game than other gambling activities.

Europe: The region is a mature market for gambling activities owing to its legacy of casinos and gambling. The market in Europe is growing on account of technological advancements in the casino gaming industry. Europe is largely influenced by the popularity of online websites as well as mobile applications. Italy and the UK are countries with the highest market size for gambling. The casino gaming equipment market earned over $975 million in revenue in 2018. The European Union (EU) initiated the Horizon 2020 program, which is the largest R&D funding and innovation program. The Horizon 2020 program focus is likely to focus on developing industrial leadership by evolving current manufacturing operations, leveraging on advanced computing, sensor technology, and robotics, hence the introduction of such innovative programs is likely to bolster the global casino gaming equipment market during the forecast period.Request for your free sample now!Prominent Vendors

  • Ainsworth
  • Aristocrat
  • Everi
  • IGT
  • Incredible Technologies
  • Konami Holdings
  • PlayAGS
  • Scientific Games

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