The land and online casino market will be worth a staggering $150 billion within four years. These are the expectations of the San Francisco-based Global Industry Analysts Incorporated, which published its findings in a press release this week.
Using the MarketGlass platform, the research company reported that the current global industry is valued at just under $130 million. According to the group, this figure is set to increase at least 3.7% every hit. By the beginning 2027, the market is expected to be worth $153.2 billion.
Other key points of the report:
- The current US casino industry is worth $72 billion.
- By 2026, the Asia-Pacific casino market will be worth nearly $35 billion. Its annual growth rate will surpass 4.5%.
- Both Canadian and European casino markets will grow at least 3% annually over the next few years.
As per the report:
“The United States remains at the forefront of the casino business. Las Vegas remains a key attraction for casino players from around the world and is hence a major contributor to industry revenues in the region. Asia-Pacific represents a promising regional market for casino gaming globally and the rising popularity of casino destinations in Singapore and Macau constitute a major factor driving growth in the region.”