Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020-2029 now includes ResearchAndMarkets.com‘s offering.
From USD 150.29 billion in 2024 to USD 191.36 billion by 2029, The Casino Gambling Market size in terms of gross gaming revenue is expected to grow, at a CAGR of 4.95% during the forecast period in 2024-2029.
The main factors driving the market are the gambling’s rising popularity and the abundance of online gambling platforms. This year, the three largest markets for casino gambling are North America, Asia Pacific, and Europe. However, analysts anticipate that the Asia-Pacific region will experience the highest growth rate during the forecast period. Most countries in this region have strict laws and regulations governing gambling activities, resulting in heavy regulation of the industry.
The relaxation of gambling laws has significantly impacted the casino gambling market. The government has been relieving restrictions on gambling to boost tourism and generate revenue in a lot of countries. This has allowed the casino industry to expand and lead to the construction of new casinos and the growth of existing ones.
Through the legalization of online gambling, one way gambling laws have been relaxed. Many countries have lifted bans on online gambling. This allows people to gamble from the comfort of their own homes. This has opened up the market to a wider audience, which includes people who may not have been able to access casinos.
Through expansion of sports betting, gambling laws have been relaxed in another way. Even though sports betting was illegal in many countries, governments have allowed it to occur under certain conditions. As a result, this has created a new market for sports betting and attracted a new group of customers to the casino industry.
One of the main driving factors for the casino gambling market is the temptation of big payouts.
