New research shows the casino market has almost tripled since 2001

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The global casino market has nearly tripled in size over the past two decades according to new vertical research.

The global casino market has nearly tripled in size over the past two decades according to new vertical research.

Figures compiled by Catena Media show that the combined land-based and online casino industry was worth $130 billion in 2019, compared to a gross gaming return of $50 billion in 2001.

The growth of online gambling has played a crucial role in this growth, and Catena Research predicts that the financial size of online gambling will double from $45.8 billion in 2017 to $94.4 billion in 2024. Online earnings climbed to 14.0% of total earnings in 2020 from just 6.6% in 2008.

The casino has risen to prominence in gambling over the past two decades, accounting for around a quarter of the market in recent years. In 2007, it accounted for 20% of total gambling, but this figure jumped to 26% in 2014 and was estimated at 25% in 2021. Meanwhile, poker has fallen from 19% in 2007 to just 7% in 2021. 2021.

The study also shows that four of the top five performing casino groups in the world are American with Las Vegas Sands topping the list with $13.8 billion in revenue in 2018. MGM Resorts and Caesar’s Entertainment are followed by Galaxy Entertainment and Wynn Resorts of Hong Kong.

The largest in terms of size is the massive WinStar World Casino in Oklahoma which, at 600,000 square feet, is more than three times the size of Las Vegas’ largest venue, the MGM Grand. The Venetian Macao is second on the list, ahead of Macao’s City of Dreams.

Joevrem Curmi, Catena Media SEO Product Specialist, said: “We wanted to take a deep dive into the whole casino industry to look back at how all elements of the industry have grown and changed over the past 20 years, as well as how the landscape might evolve in the years to come.

“The results are fascinating and although the world is facing serious challenges at the moment, the outlook is positive for land-based and online casinos as we move forward into the mid-21st century.”

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