Bright future for the global casino market
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Global Industry Analysts Incorporated expects the world's online and land-based casino industry to be worth more than $150 billion by the end of 2026. The global casino market is currently valued in the region of $129.2 billion.
The entire casino industry of the United States is worth about $72 billion. The Asia-Pacific sector is likely to have surpassed the $34.6 billion mark by 2026 thanks to a compound annual growth rate of 4.5%. Canada and Europe are to see their sectors swell in value every year by at least 3% and 3.3%.
Land-based gambling machines should enjoy a compound annual growth rate of 4.1% to be worth $77.4 billion by the end of 2026. Slot games are to benefit from the ease of government regulations. Coronavirus pandemic will probably take the compound yearly growth of gaming table entertainment down to 3.5% between now and the decade.
In its report, Global Industry Analysts Incorporated highlights the growth in innovative technologies as being crucial to ‘shaping the dynamics of the global casino industry’. Virtual reality, artificial intelligence and 5G mobile telecommunications networks are major factors that should contribute to improvements in performance, customization and flexibility.
