Global Casino Tourism Market Overview
Casino Tourism Market Size was estimated at 54.67 (USD Billion) in 2022. The Casino Tourism Industry is expected to grow from 56.74(USD Billion) in 2023 to 79.22 (USD Billion) by 2032. The Casino Tourism Market CAGR (growth rate) is expected to be around 3.78% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Casino Tourism Market Trends Highlighted
Expansion of the Casino Tourism Market is an occurrence that is being driven by factors such as government legalizing gambling, rising incomes and changing tastes in favor of destination casinos. The success of this market can be attributed to the growth of online gambling, mobile gambling, and the rise of facilities that combine gambling with a resort and other activities. The casino tourism industry has potential for expansion, particularly in regions that have not yet been considered, such as by venturing into innovative game design. A recent trend is towards games that enable immersion of the gamer, such as reality-based video games, as well as dealing with problems of addictive gambling through various means.
Casino Tourism Market Drivers
Rising Disposable Income and Increased Tourism Spending
The casino tourism market is rapidly increasing, with many prospects of further demand. Modern luxury and the overall increasing disposable income people have, especially in emerging markets, lead to the overall growth of people seeking luxury resort vacations in casinos. The increasing tourism industry overall has an especially profound impact on the increasing growth of the casino tourism market. The Casino Tourism Market Industry is estimated to grow from 56.74 billion dollars in 2023 to 79.22 billion dollars in 2032 with an overall 3.78% CAGR.Overall, the increasing popularity of worldwide travel and people's disposable income leads to the growth of the casino tourism market and the subsequent increase in casinos overall. There is a growing trend of casino tourism in many regions worldwide, and the Asia Pacific region will see the most growth in the years to come. This is mostly due to the increased number of casinos being developed in the Asia Pacific region and the associated popularity of such tourism in the region.
Technological Advancements and the Emergence of Online Casinos
The market for casino tourism is also fuelled by the intensity of progression associated with the existing modern technologies. At present, the rise of online casinos has made it possible for people to gamble while they are in their homes. These innovative developments have led to a significant increase in profits for casino owners as their client pool has been expanded. In addition, more recent technologies, such as the internet and virtual reality, make the visiting of casinos more appealing, drawing more people into their facilities.
Government Regulations and the Legalization of Gambling
Casino tourism is a term used to plan leisure travel for a tourist who is involved in gambling activities. There has been significant growth in the casino tourism market worldwide for the past several years. Currently, many countries have legalized gambling. More and more people accept gambling and feel comfortable visiting casinos and playing casino games as it is regulated by the government, and therefore, gambling facilities are safe and fair.
Casino Tourism Market Segment Insights
Casino Tourism Market Casino Type Insights
The Casino Tourism Market is categorized by casino type into land-based casinos, cruise ship casinos, and online casinos. The land-based casinos segment dominated in 2023, making up for over 80% of the revenue. This segment will register steady growth during the forecast period, owing to the rising popularity of the casino resorts and the increasing number of gaming options offered by the existing casinos. The land-based casinos segment will be followed by the cruise ship casino segment. The growth will be driven by the rising number of cruise passengers and the expansion in the casino size witnessed by several cruise ships.The online casinos segment will be the fastest growing, thanks to the convenience and accessibility provided by it. The revenue for this segment will reach USD 12.5 billion by 2024 and will grow at a CAGR of 12.3% during the forecast period. The Mobetize Corp. states that such growth is attributable to the increasing adoption of mobile gaming, along with the legalization of online gambling in many jurisdictions. However, the land-based casinos segment is expected to remain the largest. This can be attributed to the unique experience provided by gambling at a casino and the social component linked with it.The cruise ship casinos segment has smaller growth prospects because of the limited availability of casinos on cruise ships. The overall market trend will witness steady growth during the forecast period, driven by the growing popularity of gambling tourism and the associated expansion of gambling offers.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Casino Tourism Market Target Audience Insights
The target audience for casino tourism is diverse, encompassing individuals seeking entertainment, relaxation, and luxury experiences. High-net-worth individuals, with their substantial disposable income, are a key segment contributing significantly to the Casino Tourism Market revenue. Mass market tourists seeking affordable entertainment options represent a large portion of the market, driving growth in emerging destinations. Business travelers attending conferences and events in casino destinations also contribute to market growth.The segmentation of the target audience allows casino operators to tailor their offerings and marketing strategies to meet the specific needs and preferences of each group, maximizing revenue and enhancing customer satisfaction.
Casino Tourism Market Purpose of Visit Insights
The purpose of visit segment plays a crucial role in understanding the diverse needs and preferences of casino tourists. Among the key segments, 'Gaming and Entertainment' accounts for the largest share of the Casino Tourism Market revenue, driven by the allure of table games, slot machines, and other casino offerings. This segment caters to tourists seeking excitement, thrill, and the chance to win big. The 'Socializing and Networking' segment holds a significant share, as casinos provide an ambiance conducive to socializing, meeting new people, and networking opportunities.Lastly, the 'Relaxation and Leisure' segment comprises tourists seeking a tranquil escape, enjoying amenities such as spas, fine dining, and entertainment shows. These segments collectively contribute to the growth and segmentation of the Casino Tourism Market.
Casino Tourism Market Gaming Preference Insights
Gaming Preference Segment Insights and Overview The gaming preference segment plays a crucial role in shaping the Casino Tourism Market revenue. In 2023, the table games sub-segment, encompassing roulette and blackjack, held a significant market share of around 35%. Slot machines, known for their engaging gameplay, followed closely with a market share of 30%. Video poker and sports betting also contribute to the market growth, attracting a loyal customer base. The increasing popularity of online and mobile casino platforms has further fueled the growth of this segment, expanding the accessibility of casino games to a wider audience.As per Casino Tourism Market data, the segment is projected to witness a steady growth rate in the coming years, driven by the rising popularity of immersive gaming experiences and the expansion of casino tourism in emerging markets.
Casino Tourism Market Regional Insights
The regional segmentation of the Casino Tourism Market offers insights into the market's geographic distribution and growth potential. North America holds a significant share of the market, driven by the presence of established casino destinations such as Las Vegas and Atlantic City. Europe follows closely, with major casino hubs in cities like London, Paris, and Macau. The APAC region is witnessing rapid growth, particularly in countries like China, Singapore, and Australia. South America and MEA are emerging markets with untapped potential for casino tourism.This growth is attributed to factors such as rising disposable income, increasing tourism, and the expansion of the gaming industry.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Casino Tourism Market Key Players And Competitive Insights
Major players in the industry are expanding their presence by investing in new casinos and resorts. Leading players in the market are also investing in technology to enhance the customer experience and attract new customers.Development in the market is driven by the increasing popularity of gambling and the growth of the tourism industry. The competitive landscape of the market is expected to remain competitive in the coming years, with new players entering the market and leading players expanding their operations.
Las Vegas Sands is a major player in the market with a presence. The company operates casinos and resorts in Las Vegas, Macau, Singapore, and Pennsylvania. Las Vegas Sands is known for its high-end resorts and casinos that offer a wide variety of gaming options, dining, and entertainment. The company is also a significant player in the online gambling market. Wynn Resorts is another leading player with a presence. The company operates casinos and resorts in Las Vegas, Macau, and Massachusetts. Wynn Resorts offers high-end resorts and casinos with a luxurious gambling experience. The company is also a significant player in the online gambling market.
The major companies in the market compete on the basis of customer experience, brand image, and the quality of their resorts and casinos. Some of the major players in the market include Accor SA, America Attractons LLC, Caesars Entertainment Corp, Carnival Corp., Catalina Island Co., Crown Ltd., InterContinental Hotels.
Key Companies in the Casino Tourism Market Include
- SJM Holdings Limited
- Caesars Entertainment Corporation
- Las Vegas Sands Corp.
- Suncity Group Holdings Limited
- Macau Legend Development Limited
- Crown Resorts Limited
- Venetian Macau
- City of Dreams Macau
- Melco Resorts Entertainment Limited
- Marina Bay Sands
- Genting Berhad
- Galaxy Entertainment Group Limited
- MGM Resorts International
- Wynn Resorts, Limited
- NagaCorp Ltd.
Casino Tourism Market Industry Developments
The Casino Tourism Market is projected to reach USD 79.22 billion by 2032, exhibiting a CAGR of 3.78% during the forecast period. Technological advancements, such as the integration of virtual and augmented reality in gaming experiences, are driving market growth. The increasing popularity of online gambling and the expansion of casino resorts in emerging markets are also contributing to the market's expansion. Notably, in 2023, the market was valued at USD 56.74 billion.Recent developments in the market include the legalization of sports betting in several US states, leading to a surge in casino tourism revenue. Additionally, the opening of new casino resorts in Macau and Singapore is expected to further boost the market's growth in the Asia-Pacific region.
Casino Tourism Market Segmentation Insights
- Casino Tourism Market Casino Type Outlook
- Land-Based Casinos
- Cruise Ship Casinos
- Online Casinos
- Casino Tourism Market Target Audience Outlook
- High-Net-Worth Individuals
- Mass Market Tourists
- Business Travelers
- Casino Tourism Market Purpose of Visit Outlook
- Gaming and Entertainment
- Socializing and Networking
- Relaxation and Leisure
- Casino Tourism Market Gaming Preference Outlook
- Table Games (e.g., roulette, blackjack)
- Slot Machines
- Video Poker
- Sports Betting
- Casino Tourism Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
54.67(USD Billion) |
| Market Size 2023 |
56.74(USD Billion) |
| Market Size 2032 |
79.22(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.78% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
SJM Holdings Limited, Caesars Entertainment Corporation, Las Vegas Sands Corp., Suncity Group Holdings Limited, Macau Legend Development Limited, Crown Resorts Limited, Venetian Macau, City of Dreams Macau, Melco Resorts Entertainment Limited, Marina Bay Sands, Genting Berhad, Galaxy Entertainment Group Limited, MGM Resorts International, Wynn Resorts, Limited, NagaCorp Ltd. |
| Segments Covered |
Casino Type, Target Audience, Purpose of Visit, Gaming Preference, Regional |
| Key Market Opportunities |
Expansion into Emerging Markets Legalization in New Jurisdictions Integration with Entertainment and Hospitality Rise of Online Casino Tourism Growing Millennial and Gen Z Market |
| Key Market Dynamics |
Increased disposable income, growing popularity of integrated resorts, proliferation of online gaming, expanding middle class evolving regulatory landscape |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Casino Tourism Market is expected to be valued at USD 56.74 billion in 2023.
The Casino Tourism Market is expected to be valued at USD 79.22 billion in 2032.
The Casino Tourism Market is expected to grow at a CAGR of 3.78% from 2024 to 2032.
North America is expected to hold the largest share of the Casino Tourism Market in 2023.
The Asia-Pacific region is expected to grow at the highest CAGR in the Casino Tourism Market from 2024 to 2032.
The key factors driving the growth of the Casino Tourism Market include the increasing popularity of gambling, the growing number of casinos, and the increasing disposable income of consumers.
The key competitors in the Casino Tourism Market include MGM Resorts International, Las Vegas Sands, and Wynn Resorts.
The major applications of the Casino Tourism Market include gaming, entertainment, and dining.
The COVID-19 pandemic had a negative impact on the Casino Tourism Market, as casinos were closed for a period of time and travel restrictions were imposed.
The Casino Tourism Market is expected to recover post-COVID-19, as casinos have reopened and travel restrictions have been lifted.
