The US gaming market will grow by $11.42billion in the next four years, progressing at a CAGR of approximately 4%, according to a new study.
Market researcher ResearchAndMarkets.com on Monday released the study, titled,“Casino Gaming Market in US 2021-2025” in which the group provides analysis and forecasts of trends, growth drivers and challenges related to the US gaming market.
The study concludes the distinctly fast growth of the US gaming market is driven by customers’ ability to spend often and a gradual easing of government regulations.
The report separates analysis by type and platform. The four types discussed being commercial, tribal, limited stake and online gaming. Those then are separated by platform: traditional (land-based) or online.
In this regard, the study highlights online gaming as a key sector of growth driving US expansion.
The study also cited a number of brands as key factors in the growth of the gaming industry, including, BetAmerica, Boyd Gaming Corp, Caesars Entertainment Corp, Las Vegas Sands Corp, MGM Resorts International, Wynn Resorts and Penn National Gaming Inc, among others.
As well as the importance of online, the study highlights customers’ growing ability to spend in different ways as another key driver of market growth.
An analyst from the research team said: “The latest trend gaining momentum in the market is the increase in penetration of online casino gaming.”
In a statement regarding the research methods used to produce the study, the group added: “The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.”
