There is no doubt that Asia Pacific is the largest casino gambling market. It is followed by North America and the Middle East. Although online casino gambling is still relatively new, it is expected to gain traction in the future, especially in emerging markets. One of the ways that the market is growing is by incorporating branded slot games. These are licensed online casino games based on popular brands and characters. They have helped attract casual gamblers and generate increased traffic to the casino.
China, for example, has one of the world’s largest casino gambling markets. Macau’s casino industry generated almost $38 billion in revenue in 2018. Las Vegas’s revenue was estimated at $6 billion. Japan, on the other hand, recently legalized casino gambling in its country. Japan’s gaming revenue is estimated at $8 billion for 2018.
The casino gambling market is segmented by type, geography, and end user. In terms of revenue, the APAC region will lead the market with 38% CAGR during the forecast period. Increased establishment of casinos and sports betting in the region are contributing to APAC’s growth. Meanwhile, the US will be the largest market with a share of 28% of the commercial casino market. The growth rate in the US will be accelerated by the presence of online casinos in neighboring countries.
In terms of number, the U.S. is the world’s largest gambling market. Its casinos generated nearly $45 billion in revenue last year. The United States, meanwhile, is the largest gambling hub with more than 6,000 land-based casinos. Gambling in the US has been the most popular form of entertainment for decades, and many Americans consider Las Vegas and Atlantic City to be gambling havens. Aristocrat shares have increased by 15 percent in the past year, while the benchmark S&P/ASX 200 index has only gained three percent.
While casinos in Nevada are the largest casino gambling market, Pennsylvania fell to third in February. New Jersey is still the leader. In FY 2020/2021, Pennsylvania’s sportsbooks generated a record $440.6 million in revenue. The online sportsbooks in the state account for 90% of the revenue generated in the state. Meanwhile, the online sportsbooks in New Jersey and Atlantic City are leading the pack in June. In fact, they are expected to grow at a steady pace.
Sports betting has increased the casino gambling market in several states. Delaware began sports betting last year, but gambling winnings decreased by 2%. Pennsylvania opened its first sportsbook in November. There are efforts on Capitol Hill to slow the proliferation of online casino gaming, but the market is expected to grow in the coming years. These initiatives could lead to a $50 billion profit for casino states. When combined with other types of gambling, sports betting could significantly boost the casino gambling industry in America.
Macau is another major gambling destination. The city is home to two casinos, including the world’s most expensive standalone casino. It also has the largest oceanarium. Meanwhile, Russia has 4 legal gambling zones. Yatarnaya and Altay in Kaliningrad are located in the Kaliningrad region. Rostov is home to Azov-city and Primorie in the Primory region. In the United States, Las Vegas is the center of the gambling industry.
