Global Casinos & Online Gambling - Market Research Report (2014-2029)
New York, United States
Last Updated: April 2024
Q8721-GLRevenue
$305.8bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
2m
Businesses
5,098
Wages
$XX.Xbn
Global Casinos & Online Gambling industry analysis
Global casinos and online gambling businesses are still reeling from the aftereffects of the pandemic, with some rebounding swifter than others, depending on their country of operation and specialization. Sinking tourism rates, especially in 2020, left many casinos in dire straits, even if they could remain open in some capacity. Many have since reopened, welcoming eager tourists, but some, like those in Macau, continued experiencing operational delays related to the pandemic. As a result, though revenue began rebounding as early as 2021, revenue has grown at a CAGR of 0.5% over the past five years, reaching an estimated $305.8 billion in 2024, when revenue is expected to rise 4.7%.
Trends and Insights
- The pandemic wreaked havoc on international tourism, spelling trouble for global casinos. While some reeled from plummeting visitation rates, especially in areas where pandemic-era restrictions persisted, others experienced a swift rebound in both visitors and revenue as the pandemic eased.
- Working-age adults are the target market for casinos. Adults between 30 and 60 spend the most at casinos, as they tend to have greater financial stability and the means to travel and spend compared with other demographics.
- Regulation is key. Countries with newly legalized gambling operations tend to attract great numbers of prospective casino owners, but those with a history of a welcoming regulatory environment dominate by numbers.
- Most competition occurs on a national and regional basis. Few casinos or online gambling companies have significant international reach, so most competition occurs between localized businesses. Certain areas of countries tend to attract large concentrations of casinos.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $305.8bn in 2024.
Trends and Insights
Visitation rates continue to lag for many big-name casinos
- Even temporary closures of a few weeks can wreak havoc on casinos' revenue gains. Many Las Vegas-located casinos closed for a short period in 2020 but reported massive losses. The Las Vegas Strip has changed in recent years as casinos seek to attract more visitors. For instance, the 67-year old Tropicana Las Vegas hotel-casino will be replaced with a new Bally casino and Oakland Athletics stadium.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Technological developments will drive online gambling growth
- Online gambling offers prospective entrants a relatively inexpensive way to enter the fray when compared with traditional casinos but the race to develop the best platforms will be costly.
Biggest companies in the Global Casinos & Online Gambling
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
MGM Resorts International | 15,345.3 | 5,599.7 | 36.5 | |
Caesars Entertainment Corporation | 12,152.5 | N/A | N/A | |
Las Vegas Sands Corporation | 4,755.3 | N/A | N/A |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Conventional casino gaming services, Gaming tables and Online legal casino gaming services. Conventional casino gaming services is the largest segment of the Global Casinos & Online Gambling.
Trends and Insights
Gaming tables are still casinos' bread and butter
- Gaming tables include a slew of traditional, physical casino games overseen by a dealer or employee, like roulette, craps, baccarat, blackjack, varieties of poker and more.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Global Sports Betting & Lotteries
Complementors
- Global Hotels & Resorts
- Global Airlines
- Global Tourism
International industries
- Non-Hotel Casinos in the US
- Lotteries & Native American Casinos in the US
- Gambling in Canada
- Casinos in Australia
- Horse and Sports Betting in Australia
Table of Contents
About this industry
Industry definition
The Global Casinos and Online Gambling industry consists of gambling facilities that offer table wagering games and other gambling activities, such as slot machines. These establishments often provide food, beverage and lodging services. The industry also includes legal online gaming on casino-type games.
What's included in this industry?
Conventional casino gaming servicesOperating gaming tablesOnline legal casino gaming servicesAccommodation servicesFood and beverages servicesCompanies
MGM Resorts InternationalCaesars Entertainment CorporationLas Vegas Sands CorporationPurchase this report to view all 4 major companies in this industry.
Related Terms
TABLESRACINOTICKET IN/TICKET OUT (TITO)VIPPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The pandemic wreaked havoc on international tourism, spelling trouble for global casinos. While some reeled from plummeting visitation rates, especially in areas where pandem...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Working-age adults are the target market for casinos. Adults between 30 and 60 spend the most at casinos, as they tend to have greater financial stability and the means to tr...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Regulation is key. Countries with newly legalized gambling operations tend to attract great numbers of prospective casino owners, but those with a history of a welcoming regu...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2024
- Share of population compared to output in each region in 2024
- Data tables
- Share of global output by region in 2024
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Most competition occurs on a national and regional basis. Few casinos or online gambling companies have significant international reach, so most competition occurs between lo...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Caesars gained an upper hand in the online gaming market. By partnering with the NFL, NHL, MBA, NBA, ESPN and others, and starting its own online gambling app, Caesars expand...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of MGM Resorts International's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Caesars Entertainment Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Las Vegas Sands Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for MGM Resorts International, and factors influencing its performance in the industry
- Description and key data for Caesars Entertainment Corporation, and factors influencing its performance in the industry
- Description and key data for Las Vegas Sands Corporation, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Few governments provide direct assistance for casinos and online gambling companies. However, some countries make obtaining permits and licenses easier than others, which may...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
A slew of miscellaneous fees captures a sizeable chunk of revenue. Other costs range from regulatory fees to legal costs and transportation expenditures and are enough to dri...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Casinos & Online Gambling industry in Global in 2024?
The market size of the Global Casinos & Online Gambling industry in Global is $305.8bn in 2024.
How many businesses are there in the Global Casinos & Online Gambling industry in 2024?
There are 5,098 businesses in the Global Casinos & Online Gambling industry in Global, which has grown at a CAGR of 5.2 % between 2019 and 2024.
Has the Global Casinos & Online Gambling industry in Global grown or declined over the past 5 years?
The market size of the Global Casinos & Online Gambling industry in Global has been growing at a CAGR of 0.5 % between 2019 and 2024.
What is the forecast growth of the Global Casinos & Online Gambling industry in Global over the next 5 years?
Over the next five years, the Global Casinos & Online Gambling industry in Global is expected to grow.
What are the biggest companies in the Global Casinos & Online Gambling market in Global?
The biggest companies operating in the Global Casinos & Online Gambling market in Global are MGM Resorts International, Caesars Entertainment Corporation and Las Vegas Sands Corporation
What does the Global Casinos & Online Gambling in Global include?
Conventional casino gaming services and Operating gaming tables are part of the Global Casinos & Online Gambling industry.
Which companies have the highest market share in the Global Casinos & Online Gambling in Global?
The company holding the most market share in Global is MGM Resorts International.
How competitive is the Global Casinos & Online Gambling industry in Global?
The level of competition is high and increasing in the Global Casinos & Online Gambling industry in Global.
