Casino Gaming Equipment Market

Casino Gaming Equipment Market Size:

The global casino gaming equipment market size reached USD 12.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 15.3 Billion by 2033, exhibiting a growth rate (CAGR) of 2.41% during 2025-2033. The market is driven by expanding global tourism, rising disposable incomes, ongoing advancements in gaming technology, the legalization of gambling in various regions, the popularity of online casinos, and the escalating demand for innovative gaming machines and immersive gaming experiences.

Casino Gaming Equipment Market Analysis:

• Major Market Drivers: The casino gaming equipment market growth drivers include the surge in global tourism and the rising disposable incomes of consumers, leading to increased spending on entertainment. Legalization and regulation of gambling in various regions have significantly contributed to market growth, allowing casinos to operate openly and attract more patrons. Advancements in gaming technology, such as virtual reality (VR) and augmented reality (AR), have enhanced the gaming experience, drawing in tech-savvy players. Additionally, the increasing popularity of online casinos has boosted demand for sophisticated gaming equipment, as casinos aim to provide seamless and immersive gaming experiences both online and offline.
• Key Market Trends: Key trends in the casino gaming equipment market include the integration of advanced technologies such as VR, AR, and artificial intelligence (AI) into gaming machines to enhance player engagement and experience. The shift toward cashless gaming systems and digital payments is gaining traction, providing convenience and security for players. There is also a notable trend towards personalization and customization of gaming experiences, with casinos leveraging big data analytics to tailor offerings to individual preferences. Moreover, the rise of esports betting and skill-based gaming machines is transforming the traditional gaming landscape, appealing to a younger, tech-savvy audience.
• Geographical Trends: North America represent the largest segment in the casino gaming equipment market, driven by the high concentration of casinos and gaming establishments in the United States and Canada. The region benefits from favorable regulatory frameworks, a robust tourism industry, and significant investments in casino infrastructure. The popularity of Las Vegas and Atlantic City as premier gaming destinations further bolsters market growth. Additionally, the rise of tribal casinos and the expansion of online gambling platforms have contributed to North America's dominance. This casino gaming equipment industry overview highlights how North America's unique combination of regulatory support, technological innovation, and significant market investments create a thriving environment for the casino gaming equipment sector, ensuring its continued growth and global leadership.
• Competitive Landscape: Some of the major market players in the casino gaming equipment industry include Abbiati Casino Equipment S.r.l., AGS LLC, Aristocrat Leisure Limited, Cammegh, Euro Games Technology OOD, Everi Holdings Inc., Incredible Technologies Inc., International Game Technology PLC, Jackpot Digital Inc., Konami Holdings Corporation, Novomatic, Scientific Games Corporation, TCS John Huxley Ltd. (Victoria Holdings Ltd.), etc., among many others.
• Challenges and Opportunities: The casino gaming equipment market faces several challenges, including stringent regulatory policies in certain regions, which can hinder market expansion. The high cost of advanced gaming equipment and frequent technological upgrades also pose financial challenges for casino operators. However, these challenges present opportunities for innovation and growth. The increasing demand for mobile and online gaming platforms opens new revenue streams. Moreover, the integration of AI and machine learning in gaming equipment offers opportunities to enhance player experiences and operational efficiencies. Expanding into emerging markets with relaxed gambling regulations presents significant growth potential for industry players.
   

Casino Gaming Equipment Market Trends:

Growth in iGaming and Online Casino Revenue

One significant trend in the casino gaming equipment market is the substantial growth in iGaming and online casino revenues. The increased accessibility of internet-based gambling platforms has spurred significant revenue gains. Additionally, as stated by the New Jersey Division of Gaming Enforcement, the iGaming revenue in New Jersey for May 2024 showed a strong performance, contributing to the state's overall gaming revenue increases. This growth is driven by advances in gaming technology, improved user experience, and expanded market reach through mobile and online platforms. As the technology and regulations surrounding online gaming continue to evolve, it is anticipated that this segment will maintain robust growth, offering more opportunities for operators to invest in cutting-edge gaming equipment to attract and retain customers. This insight is supported by the casino gaming equipment market research report, which highlights the significant impact of digital transformation and regulatory advancements on market dynamics, predicting sustained growth in the iGaming sector as operators continue to leverage technological innovations.

Rise of Sports Betting and Associated Equipment

Sports betting has emerged as a major trend, significantly influencing the casino gaming equipment market. With many states legalizing sports wagering, casinos have rapidly adapted by installing advanced sports betting terminals and systems. According to the Pennsylvania Department of Revenue, in January 2024, sports wagering revenue in Pennsylvania saw a remarkable 78.15% increase from the previous year, amounting to $69,924,036 compared to $39,250,402 in January 2023. This surge underscores the demand for sophisticated betting systems and the continuous upgrade of betting terminals to handle increased traffic and provide enhanced betting experiences. The expansion of sports betting is expected to drive further investment in high-quality, reliable gaming equipment to support this growing market segment.

Integration of Advanced Gaming Technologies

The integration of advanced technologies such as artificial intelligence (AI), virtual reality (VR), and blockchain into gaming equipment is another prominent trend. These technologies are revolutionizing the gaming experience by offering more immersive, secure, and personalized experiences. For example, the Maryland State Lottery & Gaming Control Agency highlights the implementation of AI for regulatory compliance and player protection, ensuring fair play and enhancing operational efficiency. Additionally, VR technology is being increasingly adopted to create realistic gaming environments, attracting a new generation of gamers. As these technologies become more prevalent, they are expected to significantly influence the design and functionality of future gaming equipment, making tech integration a critical factor in the market's evolution. The casino gaming equipment market business opportunities are expanding as these technological advancements drive demand for innovative products that enhance player engagement and operational capabilities. This trend underscores the importance of continuous investment in technology to remain competitive and meet the evolving preferences of tech-savvy players.

Casino Gaming Equipment Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product type, installation, mode of operation, and end user.

Breakup by Product Type:

• Slot Machines
• Video Lottery Terminal
• Video Poker Machines
• Others
   

Slot machines account for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product type. This includes slot machines, video lottery terminal, video poker machines, and others. According to the report, slot machines represented the largest segment.

Slot machines dominate the casino gaming equipment market primarily due to their high revenue generation and widespread popularity among players. As the largest product segment, slot machines benefit from their simple gameplay, appealing themes, and potential for large payouts, attracting a broad audience. For instance, in Pennsylvania, slot machines generated substantial revenue, with March 2024 figures showing $227,891,331 in total slot revenue, a slight increase from the previous year. This consistent revenue stream underscores their pivotal role in the market. Moreover, advancements in technology have enhanced the appeal of slot machines through interactive displays, progressive jackpots, and themed experiences, further boosting their market share. As casinos continue to invest in newer, more engaging slot machines, this segment is poised to maintain its dominance in the casino gaming equipment market, driven by both player demand and technological innovation.

Breakup by Installation:

• Installed Inside Casino
• Installed Outside Casino
   

Installed inside casino holds the largest share of the industry

A detailed breakup and analysis of the market based on the installation have also been provided in the report. This includes installed inside casino and installed outside casino. According to the report, installed inside casino accounted for the largest market share.

The installed inside casino segment is the largest in the casino gaming equipment market due to several factors. Primarily, the revenue generated from equipment installed within casinos significantly surpasses other installation types. For instance, in Connecticut, slot machines installed in tribal casinos, such as Mohegan Sun and Foxwoods, generated cumulative slot revenue of over $1.2 billion in fiscal year 2023. This figure highlights the substantial contribution of in-casino installations to overall market revenue. The immersive and regulated environment of casinos also enhances the appeal of these installations. Casinos provide a controlled atmosphere where gaming equipment can be utilized to its full potential, offering an engaging experience through advanced technology and themed settings. Additionally, the continuous foot traffic within casinos ensures high utilization rates of installed gaming equipment, driving consistent revenue streams. As casinos invest in newer, more sophisticated equipment to attract and retain customers, the "installed inside casino" segment is expected to maintain its dominant position in the market.

Breakup by Mode of Operation:

• Floor Mounted
• Portable
   

Floor mounted represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the mode of operation. This includes floor mounted and portable. According to the report, floor mounted represented the largest segment.

The floor mounted segment is the largest by mode of operation in the casino gaming equipment market, largely due to its prominence and versatility within the casino environment. Floor-mounted machines, such as slot machines and electronic gaming tables, dominate casino floors, offering a wide array of gaming options to patrons. These machines are designed for high visibility and accessibility, contributing to their widespread use and popularity. In Pennsylvania, slot machines, predominantly floor-mounted, generated a substantial $227,891,331 in total revenue for March 2024, slightly up from the previous year. This impressive figure underscores the significant role that floor-mounted machines play in the overall revenue of casinos. Additionally, floor-mounted machines are often equipped with the latest gaming technology and ergonomic designs, enhancing the player experience and encouraging prolonged use. Their fixed placement allows for easy access, efficient space utilization, and optimal arrangement within the casino layout, maximizing player engagement and operational efficiency.

Breakup by End User:

• Casinos
• Malls
• Leisure Centers
• Others
   

Casinos exhibits a clear dominance in the market 

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes casinos, malls, leisure centers, and others. According to the report, casinos accounted for the largest market share.

The casinos segment is the largest by end user in the casino gaming equipment market, driven by the significant revenue these establishments generate and their continuous demand for state-of-the-art gaming technology. Casinos rely heavily on gaming equipment such as slot machines, gaming tables, and electronic gaming systems to attract and retain customers, ensuring a steady stream of revenue. Additionally, in Nevada, statewide gaming revenue in March 2024 totaled $1.29 billion, with slot machine revenue alone accounting for $874.5 million. This statistic highlights the crucial role casinos play in driving the market for gaming equipment. Casinos' investment in cutting-edge technology to enhance the gaming experience further fuels this demand. They continually upgrade their gaming floors with the latest equipment to maintain competitiveness and comply with evolving regulatory standards. The immersive environment provided by casinos, coupled with high foot traffic and the potential for significant returns on investment, solidifies their position as the largest end-user segment in the casino gaming equipment market.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America leads the market, accounting for the largest casino gaming equipment market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest regional market for casino gaming equipment.

North America represents the largest region in the casino gaming equipment market due to its well-established casino industry, significant technological advancements, and favorable regulatory environment. The region boasts numerous high-revenue-generating casinos, particularly in the United States and Canada, which continually invest in the latest gaming equipment to attract and retain customers. As per the Pennsylvania Gaming Control Board (PGCB), the total gaming revenue in the United States was approximately $60 billion in 2023, with Nevada alone generating over $14 billion from its casinos. This substantial revenue escalates the casino gaming equipment demand in North America. Additionally, the region's advanced technological infrastructure supports the development and implementation of cutting-edge gaming technologies, such as virtual reality (VR) and artificial intelligence (AI), enhancing the gaming experience and driving market growth. The regulatory environment in North America also plays a crucial role, with supportive policies that encourage investment in the gaming industry and ensure a steady demand for high-quality gaming equipment.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the casino gaming equipment industry include Abbiati Casino Equipment S.r.l., AGS LLC, Aristocrat Leisure Limited, Cammegh, Euro Games Technology OOD, Everi Holdings Inc., Incredible Technologies Inc., International Game Technology PLC, Jackpot Digital Inc., Konami Holdings Corporation, Novomatic, Scientific Games Corporation, TCS John Huxley Ltd. (Victoria Holdings Ltd.), etc.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• The casino gaming equipment market outlook is highly competitive, with major players driving innovation and market growth. Companies like Aristocrat Leisure Limited and International Game Technology PLC lead the market with extensive product portfolios and significant R&D investments. Aristocrat Leisure reported a substantial increase in revenue to AUD 4.4 billion in 2023, driven by its popular slot machines and digital gaming solutions. Adding to this, In July 2023, Aristocrat Limited released the first visuals of the new NFL-themed slot machines with the reveal of NFL Super Bowl Jackpots. The game will bring the largest sports brand in the U.S. to casino floors across the country at the start of the 2023 NFL season. International Game Technology PLC, known for its advanced gaming systems and lottery solutions, reported a revenue of USD 4.2 billion in the same period. These companies, along with others like Everi Holdings Inc., which focuses on casino loyalty and financial technology solutions, contribute to a dynamic and rapidly evolving competitive landscape.

Casino Gaming Equipment Market News:

• In July 2023, Aristocrat Limited released the first visuals of the new NFL-themed slot machines with the reveal of NFL Super Bowl Jackpots. This development is a significant addition to the casino gaming equipment market dynamics, as it integrates the largest sports brand in the U.S. into casino floors across the country at the start of the 2023 NFL season.

Casino Gaming Equipment Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the casino gaming equipment market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global casino gaming equipment market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the casino gaming equipment industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.