Casino Gambling Market Size and Share
Casino Gambling Market Analysis by Mordor Intelligence
The Casino Gambling Market size is estimated at USD 315.62 billion in 2025, and is expected to reach USD 541.09 billion by 2030, at a CAGR of 11.38% during the forecast period (2025-2030).
Strong pent-up demand for premium destination entertainment, the return of long-haul tourism, and rising discretionary income in emerging economies are the primary levers behind this acceleration. Integrated resorts now out-earn traditional standalone casinos because they extend average guest stays, lift non-gaming spend, and build brand ecosystems that are hard for smaller rivals to replicate. Operators that adopt RFID-enabled cashless payments typically generate 15-20% higher per-patron revenue, underscoring the competitive edge that data-driven personalization confers. At the same time, regulators worldwide are tightening responsible-gaming mandates, pushing compliance costs 25-30% higher but also nudging operators toward technology investments that improve transparency and trust.
Key Report Takeaways
- By game type, slots led with 49.74% of the casino gambling market share in 2024, while live casino is advancing at a 9.49% CAGR through 2030.
- By facility format, integrated resort casinos captured 44.75% of the casino gambling market share in 2024; cruise ship casinos are projected to expand at an 8.38% CAGR to 2030.
- By ownership structure, commercial operators held 59.47% of the casino gambling market share in 2024, whereas tribal/indigenous entities recorded the fastest 7.76% CAGR to 2030.
- By geography, Asia-Pacific accounted for 34.74% of the casino gambling market share in 2024, and the Middle East & Africa region is forecast to grow at a 6.93% CAGR through 2030.
Global Casino Gambling Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Integrated-resort visitation uplift | 2.1% | Global, strongest in APAC and MEA | Medium term (2-4 years) |
| Regulatory expansion in APAC | 1.8% | APAC core, spill-over to global operators | Long term (≥ 4 years) |
| Post-COVID air-capacity rebound | 1.5% | Global, particularly North America and Europe | Short term (≤ 2 years) |
| Cashless RFID analytics adoption | 1.2% | North America & EU, expanding to APAC | Medium term (2-4 years) |
| High-net-worth tourism in GCC | 0.9% | MEA core, with global VIP circuit impact | Long term (≥ 4 years) |
| Skill-based table variants | 0.7% | North America and Europe, early APAC adoption | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Integrated-Resort Visitation Uplift
Multi-attraction integrated resorts have doubled average guest stays from 2.3 days to 4.1 days and increased non-gaming revenue share from 35% to 58%, reshaping profit models in the casino gambling market. Marina Bay Sands illustrates the strategy by deriving 65% of its revenue from non-gaming amenities while sustaining high VIP win rates. Governments now favour integrated resort licenses because they deliver larger tourism multipliers, higher employment, and stronger foreign-currency inflows. These entry barriers favour capital-rich global operators, marginalizing local standalone venues. As more jurisdictions, especially in Asia and the GCC, pivot to the integrated model, global operators with proven resort blueprints are best positioned to scale. Long-run visibility around ancillary revenue lends integrated properties resilience against gaming-tax hikes, a factor regulators weigh when crafting policy. Consequently, integrated resorts are the anchor around which the modern casino gambling market reorganizes.
Regulatory Expansion in APAC
Liberalization across the Asia-Pacific is opening an estimated USD 45 billion addressable opportunity for the casino gambling market. Japan’s delayed yet progressing integrated resort framework centered on Osaka’s USD 7.48 billion (JPY 1.1 trillion) build marks the region’s single largest greenfield prospect. The Philippines is replicating its Entertainment City concept in Cebu and Clark, illustrating a repeatable model that blends gaming with broader tourism infrastructure. South Korea’s foreigner-only venues saw 80.9% revenue growth in March 2025 amid renewed Chinese VIP traffic, a clear sign that diplomatic thawing can swiftly swing gaming volumes [1]Eun-Young Lee, “S. Korea’s Foreigners-Only Casinos Bask in Return of Chinese High Rollers,” KED Global, kedglobal.com. Thailand’s draft Entertainment Complex bill, although politically contentious, still signals a long-term regulatory thaw. These shifts reward international operators with resort expertise, heighten merger activity as smaller domestic firms seek scale, and intensify the race for location licenses before market saturation sets in.
Post-COVID Air-Capacity Rebound
Global air-capacity restoration has reached 94% of pre-pandemic levels, tightly correlating with premium gaming volume recovery at tourism-dependent casino hubs. Las Vegas Strip hotels posted average daily rates 23% above 2019 while sustaining 87% occupancy, evidencing successful price-lead strategies in the casino gambling market. Macau mirrored the pattern as premium-mass revenue roared back despite ongoing curbs on junket-financed VIP play. Destinations offering broad entertainment portfolios, concerts, fine dining, and luxury retail captured the dominating share of rebound spending, validating the “experience first” thesis. Strengthening airline seat supply further shrinks travel friction, encouraging shorter but higher-spend trips among affluent segments. Regions with tight flight connectivity, such as APAC’s “Golden Triangle” of Singapore-Macau-Manila, extract outsize benefit. The rebound also brightens forward bookings for cruise-ship casinos that rely on fly-cruise traffic to drive embarkation loads.
Cashless RFID Analytics Adoption
RFID-enabled, wallet-based transactions provide a rich stream of behavioral data that can be mined for yield-management, trigger-based marketing, and fraud detection. Early adopters on the Las Vegas Strip reported 15% higher slot utilization and 18-25% lifts in per-patron spend after rollout [2]Andrew Edgecliffe-Johnson, “Nevada Mobile Wallet Gaming Integration Approved,” Financial Times, ft.com. Automated anti-money-laundering reporting slashes compliance overhead by up to 40%, appealing to regulators keen on transaction traceability. North American regulators now treat digital wallets as baseline infrastructure, accelerating diffusion to Europe once GDPR-aligned architectures mature. Cashless ecosystems also appeal to younger cohorts accustomed to contactless retail experiences, giving operators another lever to modernize brand perception. Those that lag face widening profitability gaps and higher fraud risk, making RFID adoption a strategic rather than optional investment in the casino gambling market. The technology, therefore, functions as both a growth catalyst and a defensive moat.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Tax-rate escalation | -1.4% | Global, particularly Europe and select US states | Short term (≤ 2 years) |
| Responsible-gaming tightening | -0.8% | North America & EU core, expanding globally | Medium term (2-4 years) |
| Dealer-talent shortages | -0.6% | Global, acute in North America and Europe | Short term (≤ 2 years) |
| Loyalty-data cyber-risk | -0.4% | Global, highest impact in regulated markets | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Tax-Rate Escalation
Higher gaming levies are compressing operator margins across multiple jurisdictions, with Macau’s 35% rate hike in 2024 slicing EBITDA by 8-12 percentage points. Holland Casino has warned that a proposed 37.8% rate could shutter marginal venues, while New Jersey legislators seek to push Atlantic City’s effective tax load to 25% from 8% [3]Jack Schickler, “Legalising Online Casinos? France Places a Bet on Solving Budget Woes,” Euronews, euronews.com. These fiscal grabs often follow pandemic-related budget shortfalls, positioning casinos as convenient revenue pools. Operators counter by pivoting to higher-margin non-gaming segments luxury suites, celebrity dining, and ticketed events, to protect returns. Larger integrated-resort companies can absorb new taxes more easily, widening the competitive gulf versus regional independents in the casino gambling market. Nevertheless, relentless tax creep erodes capital available for property upgrades, breeding a cycle where under-investment weakens guest appeal and lowers tax receipts, prompting further levies.
Responsible-Gaming Tightening
Regulators worldwide are embedding mandatory spend limits, real-time monitoring, and self-exclusion checkpoints, raising compliance spend by 25-30% for casino operators. The U.K. Gambling Commission levied USD 120.2 million (GBP 89 million) in fines during 2024 enforcement sweeps, signalling zero tolerance for lapses. Each property faces USD 2-5 million in upfront system costs plus 3-4% incremental annual overhead to maintain surveillance and reporting. Data-driven operators turn the burden into a value-added feature by marketing safe-play credentials, thereby boosting brand trust among cautious patrons. Smaller casinos, lacking scale economies, risk falling into non-compliance or being priced out of the casino gambling market altogether. Over time, robust responsible-gaming frameworks should reduce regulatory interventions, but near-term cash-flow compression remains a palpable restraint, especially in jurisdictions with stringent oversight.
Segment Analysis
By Game Type: Live Casino Drives Premium Engagement
Live casino games, with their 9.49% CAGR, tap rising appetite for socially interactive, skill-tinged formats that bridge land-based authenticity and digital convenience. The segment’s growth outpaces Slots, which nevertheless preserved 49.74% of the casino gambling market share in 2024 on the back of ubiquitous floor presence and progressive jackpots that entice casual players. Baccarat and Blackjack revenues track VIP travel patterns in Asia-Pacific; as premium mass tourists return, these tables reclaim floor space lost during COVID-era operational pauses. Poker remains a specialized niche fed by televised tournaments and loyalty-tiered rakeback but faces cannibalization from online cash games. Skill-based hybrids blend arcade mechanics with wagering, drawing millennials who demand agency over outcomes. Operators such as Crystal Cruises brought Monte-Carlo-branded live tables onboard to enhance exclusivity at sea, illustrating how premium branding elevates live play engagement [4]Theresa Norton, “Crystal Cruises to Launch Casino de Monte-Carlo at Sea,” Cruise Hive, cruisehive.com. As jurisdictions approve camera-streamed dealer studios, remote live tables extend property brands beyond physical walls, increasing worldwide addressability for the casino gambling market.
The economics of live casino titles revolve around dealer staffing, high-definition streaming infrastructure, and table-edge fees, which collectively command higher house advantages relative to electronic random-number generators. Platforms that embed side bets, dynamic odds, and social chat replicate the communal energy of brick-and-mortar floors, keeping dwell time high. While millennial cohorts prize transparency, VIPs value bespoke services like preferred dealers and reservation-only tables. Because live streams can scale to unlimited concurrent viewers, marginal cost per extra player approaches zero once the studio is erected, supporting high incremental profit. Regulation remains the gating factor; markets such as France and Germany impose strict localization rules that inhibit cross-border broadcasts, whereas Malta and the Philippines permit global streaming under broad licenses. Over the forecast horizon, Live Casino is positioned to recalibrate content pipelines in the casino gambling market, steadily diluting slot dominance as immersive technology penetrates new demographics.
Note: Segment shares of all individual segments available upon report purchase
By Facility Format: Integrated Resorts Reshape Industry Economics
Integrated resort casinos delivered 44.75% of the casino gambling market share in 2024 by weaving gaming floors into mixed-use amenities from Michelin-star dining and convention halls to theme-park rides and luxury malls. These properties distribute revenue across diverse lines, tempering exposure to gaming-tax volatility. Cruise ship casinos, although smaller in absolute size, post the fastest 8.38% CAGR thanks to regulatory arbitrage in international waters and captive passenger economics. Riverboat and racino venues, though regionally entrenched, confront aging infrastructure and competition from newly built land-based resorts. Standalone urban casinos hold local patron bases but struggle to match the experiential depth of integrated rivals, accelerating capex cycles that strain balance sheets.
Cruise operators such as Royal Caribbean introduced non-smoking casino zones and upgraded slot densities to appeal to both health-conscious and premium guests. Their ability to reposition ships seasonally lets them trail demand peaks across hemispheres, a strategic flexibility absent in landlocked counterparts. Onshore, integrated resorts reinforce market gravity by anchoring air routes, prompting airline-hotel-casino joint promotions that enhance occupancy in shoulder seasons. The result is a virtuous loop in which resort scale attracts events, events fill rooms, and room occupancy feeds gaming floors, yielding superior asset turnover. Operators that master this loop secure pricing power, making integrated resort assets the marquee growth vector within the casino gambling market.
Note: Segment shares of all individual segments available upon report purchase
By Ownership Structure: Tribal Gaming Gains Momentum
Commercial enterprises retained 59.47% of the casino gambling market share in 2024, leveraging public-market funding and multinational footprints to drive flagship property builds. Yet tribal/indigenous entities clock the highest 7.76% CAGR, capitalizing on sovereign status to pioneer mobile sports betting and cashless payments ahead of regulatory clearance in commercial jurisdictions. Hard Rock’s USD 600 million Tejon project in California shows how tribal partnerships align land rights with global brand know-how, amplifying guest pull. State-run venues, once dominant in Europe, are constrained by public-sector capital budgets and civil-service procurement timelines that lag private competitors.
Sovereign immunity lets tribal operators fast-track innovative loyalty programs untethered from conventional banking networks, thereby gathering first-party data at scale. These insights empower dynamic comping strategies that increase trip frequency among high-value patrons. Because tribal properties often reside on tax-exempt land, they can redirect savings into amenity expansions, tilting share gains in their favor within the casino gambling market. Additional legal recognitions, such as US federal approval for new tribal compacts, widen the pipeline for greenfield developments, cementing tribal gaming as a structural growth pillar through 2030.
Geography Analysis
Asia-Pacific maintains its position as the largest regional market with 34.74% share in 2024, driven by Macau's post-pandemic recovery and emerging integrated resort developments across Southeast Asia. The region's growth dynamics reflect China's gradual tourism normalization, with mainland visitor arrivals to Macau approaching pre-2019 levels while spending patterns shift toward premium mass gaming over traditional VIP credit-based play. Japan's integrated resort framework advances through regulatory approval processes, with Osaka's USD 7.4 billion (JPY 1.1 trillion) project representing the region's most significant market expansion opportunity. South Korea's foreigner-only casinos benefit from renewed Chinese tourism and favourable exchange rates that make Korean destinations more attractive than traditional Macau alternatives. The Philippines continues expanding its Entertainment City concept beyond Manila Bay, while Vietnam and Thailand evaluate regulatory frameworks that could unlock substantial market opportunities through the forecast period.
The Middle East & Africa, growing at a 6.93% CAGR, emerges as the frontier arena for resort-grade investments. Abu Dhabi and Dubai weigh gambling legislation in quest of diversified tourist receipts, signalling the GCC’s readiness to emulate Las Vegas-style entertainment clusters. South Africa maintains continental leadership, yet Nigeria’s expanding middle class is nurturing localized gaming hubs tied to hotel developments. Countries with heritage tourism assets, such as Egypt, may ratify controlled gaming zones to monetize visitor nights, potentially adding another lane of acceleration for the casino gambling market. North America and Europe exhibit steady, technology-led progression rather than explosive volume jumps. In North America, sports-betting combined efforts and tribal expansion replenish growth vectors for mature states, while Canada debates single-event wagering open-license frameworks. Europe’s fragmented compliance ecosystem forces operators to master multi-jurisdiction licensing, but upcoming online-casino legalization in France could contribute EUR 748 million-1.5 billion in annual tax inflows, staunching illegal offshore play. These incremental openings keep the casino gambling market on a disciplined upward glide path, anchored more in yield optimization than in breathtaking expansion.
Competitive Landscape
The casino gambling market shows moderate fragmentation, with the top five operators controlling a significant share, signalling strong opportunities for consolidation. Smaller regional operators are under pressure due to rising capital requirements for integrated resort development and technological upgrades. Leading firms like Las Vegas Sands and MGM Resorts International use their expertise in integrated resorts to expand in emerging APAC markets. Meanwhile, Caesars Entertainment focuses on strengthening its domestic footprint through loyalty program enhancements and the growth of sports betting. The competitive landscape increasingly favours companies that offer comprehensive entertainment experiences, creating entry barriers for new players and pushing smaller operators toward niche strategies or acquisition.
Technological innovation plays a key role in shaping competitive advantages within the industry. Operators investing in RFID analytics and cashless payment systems report 15–20% higher per-patron revenue compared to traditional, cash-based models. The recent IGT-Everi merger, valued at USD 6.2 billion and later acquired by Apollo Global Management for USD 6.3 billion, highlights private equity’s growing interest in gaming tech consolidation. This trend may significantly alter supplier dynamics across the industry. As tech evolves, emerging disruptors focus on mobile integration and skill-based games designed to attract younger, tech-savvy audiences.
Established operators continue to benefit from their scale and deep regulatory relationships, enabling them to maintain dominant positions in the face of new market entrants. White-space opportunities remain in jurisdictions where tribal operators benefit from favourable regulations or where international expansion requires forming local alliances. These strategic partnerships offer mutual benefits for both established firms and emerging players. In such markets, navigating complex regulatory environments becomes a key differentiator. Ultimately, long-term success will depend on balancing operational scale, technological innovation, and adaptability to shifting consumer preferences.
Casino Gambling Industry Leaders
-
Las Vegas Sands Corp.
-
MGM Resorts International
-
Caesars Entertainment Inc.
-
Galaxy Entertainment Group
-
Genting Berhad
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- January 2025: Koi Nation received federal approval for the USD 600 million Shiloh Resort & Casino project in Sonoma County, California, featuring 2,500 slot machines and 400-room hotel despite opposition from multiple tribal groups and state government.
- January 2025: Pascua Yaqui Tribe broke ground on a new Casino Del Sol location in Tucson with 172,000 square feet total space and 1,000 projected jobs, scheduled to open in 2026 following land trust approval under the Old Pascua Community Land Acquisition Act.
- December 2024: Grand Island Casino Resort in Nebraska prepared for early 2025 opening with 37,500 square foot casino floor, 750 slot machines, and 162-room hotel, recruiting 150-200 staff members.
- November 2024: Bally's Corporation received shareholder approval to acquire The Queen Casino & Entertainment Inc. for USD 500 million, adding four properties and expecting combined efforts to drive revenue growth.
Global Casino Gambling Market Report Scope
Customers gamble by playing games of chance, sometimes with an element of skill, such as craps, roulette, baccarat, blackjack, and video poker. Most games have mathematically determined odds that ensure the house has an advantage over the players. This report aims to provide a detailed analysis of the casino gambling market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. Also, it analyzes the key players and the competitive landscape.
The casino gambling market is segmented by type and geography. By type, the market is sub-segmented into live casino, baccarat, blackjack, poker, slots, and other types. By geography, the market is sub-segmented inro North America, Europe, Asia-pacific, Latin America, the Middle East and Africa.
The report offers market size and value (USD) during the forecast period for the above segments.
| Live Casino |
| Baccarat |
| Blackjack |
| Poker |
| Slots |
| Other Casino Games |
| Integrated Resort Casinos |
| Standalone Land-based Casinos |
| Riverboat Casinos |
| Cruise Ship Casinos |
| Racinos |
| Commercial |
| Tribal/Indigenous |
| State-run |
| North America | Canada |
| United States | |
| Mexico | |
| South America | Brazil |
| Peru | |
| Chile | |
| Argentina | |
| Rest of South America | |
| Europe | United Kingdom |
| Germany | |
| France | |
| Spain | |
| Italy | |
| BENELUX | |
| NORDICS | |
| Rest of Europe | |
| Asia-Pacific | India |
| China | |
| Japan | |
| Australia | |
| South Korea | |
| South East Asia | |
| Rest of Asia-Pacific | |
| Middle East & Africa | United Arab Emirates |
| Saudi Arabia | |
| South Africa | |
| Nigeria | |
| Rest of Middle East & Africa |
| By Game Type | Live Casino | |
| Baccarat | ||
| Blackjack | ||
| Poker | ||
| Slots | ||
| Other Casino Games | ||
| By Facility Format | Integrated Resort Casinos | |
| Standalone Land-based Casinos | ||
| Riverboat Casinos | ||
| Cruise Ship Casinos | ||
| Racinos | ||
| By Ownership Structure | Commercial | |
| Tribal/Indigenous | ||
| State-run | ||
| By Geography | North America | Canada |
| United States | ||
| Mexico | ||
| South America | Brazil | |
| Peru | ||
| Chile | ||
| Argentina | ||
| Rest of South America | ||
| Europe | United Kingdom | |
| Germany | ||
| France | ||
| Spain | ||
| Italy | ||
| BENELUX | ||
| NORDICS | ||
| Rest of Europe | ||
| Asia-Pacific | India | |
| China | ||
| Japan | ||
| Australia | ||
| South Korea | ||
| South East Asia | ||
| Rest of Asia-Pacific | ||
| Middle East & Africa | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa | ||
| Nigeria | ||
| Rest of Middle East & Africa | ||
Key Questions Answered in the Report
What is the current size and projected CAGR of the casino gambling market?
The casino gambling market size is USD 315.62 billion in 2025 and is forecast to grow at an 11.38% CAGR to reach USD 541.09 billion by 2030.
Which region holds the largest share in global casino gambling?
Asia-Pacific leads with 34.74% of the casino gambling market share in 2024, propelled by Macau’s recovery and new resort projects across Southeast Asia.
What game type is expanding fastest?
Live Casino is the fastest-growing game type, advancing at a 9.49% CAGR through 2030 due to rising demand for interactive, skill-oriented play.
How are integrated resorts influencing market economics?
Integrated Resort Casinos blend gaming with hotels, retail, and entertainment, capturing 44.75% market share in 2024 and insulating operators from gaming-tax volatility.
Why are cashless RFID systems important for casinos?
RFID-enabled cashless systems boost per-patron revenue by up to 25% and cut compliance costs by automating anti-money-laundering reporting, giving adopters a clear profit edge.
Page last updated on: