1. Global market trends and growth
a. Market Size and Growth Rate
The global casino and online gambling industry will reach a market size of $262 billion in 2022, with a projected compound annual growth rate (CAGR) of 8.13% between 2023 and 2027. The online gambling market alone is expected to grow at a CAGR of 11.7%.
b. Regional Performance
Macau, known as the casino capital of the world, generated $10.3 billion from gaming and gambling in 2021. The US online gambling market generated $306.5 billion in 2018, and the Las Vegas Strip remains the largest gambling destination in the US.