North America Casino Gaming Equipment Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Product Type, Installation and Region

North America Casino Gaming Equipment Market Overview:

 

Gaming machines & instruments used for gambling & guaranteeing visibility in casino operations are referred to as casino gaming equipment. Some of the most regularly used casino gaming based on all these items roulette wheels, gaming tables, shuffle machines, player tracking systems, slot machines, video poker machines, & online poker. Poker, big six-wheel, baccarat, blackjack, craps, & five-card draws are all played on these machines. Profitability, convenience, safety, and cost-effectiveness are all improved by the equipment. They're also used to analyse player activity and verify the authenticity of phony & genuine money notes. As a result, malls, casinos, & gaming arenas all have casino gaming equipment.

 

To get more Insights: Request Free Sample Report

 

Market Trends for Casino Gaming Equipment:

 

The commercial casino business is booming over the world, giving the market a bright future. Additionally, the business is benefiting from a shift in consumer preference from traditional casino tables to electronic gaming tables. These electronic gaming tables simulate a live stadium environment, control game speed, require small wagers, and protect players from betting fraud. As a result, accessible access to internet casinos that can be accessed via mobile phones is also adding to the market's growth.

 

Furthermore, many technological breakthroughs, like the growing adoption of virtual reality (VR), artificial intelligence (AI), and the Internet of Things (IoT) technologies in intelligent casinos, are propelling the industry forward. These technologies help to ensure the transparency of gaming activities while also providing the player with an immersive experience. They also assist in the analysis of player-related data and the identification of indicators of unhealthy gambling habits in elevated players. Other reasons, such as the legalization & cultural acceptance of gambling and casinos in numerous nations, as well as rising consumer spending power, are expected to drive growth forward.

 

During the forecast timeframe, the worldwide casino gaming equipment market is projected to expand at a quick rate. Government laws on casinos have become more lax in some nations. Because of the large income & growing popularity of gambling, Canada, for example, has approved casinos. This is projected to be a major driver of the market for casino gaming equipment. Other factors propelling the casino gaming equipment industry include an increase in the middle class population and an increase in disposable money. Smart gaming & digital gaming technologies have been used by casino gaming equipment manufacturers. They've looked into and built popular games like Angry Birds & Call of Duty. Casino gaming is seen as a quick and easy way to make money, yet it is prohibited or illegal in many countries. The casino gaming equipment business is being hampered by the implementation of numerous rules in the manufacture and operation of these machines. Changes in consumer gambling behaviors and commercial strategies, such as gambling mobile applications, are expected to have a negative impact on the casino gaming equipment market.

 

U.S Online Gambling Market:

On a worldwide scale, including the U.S, the COVID-19 epidemic had a significant influence on the gaming industry. This resulted in the closure of casinos, lottery outlets, and gambling venues (including such gambling lounges, taverns, breweries, hotels, bingo halls, and horse racing), as well as the suspension of sporting events with betting systems. As a result, there has been a trend in the market from offline to online gaming. Several providers have gone digital in response to the closure of many gaming facilities. Many players have increased their online gaming options, and bingo providers have relocated their operations online, all of which has benefited the business. With more states introducing laws, online gambling in the U.S is likely to grow, resulting in more downloads of different online casino games & potentially more revenue streams inside the total online gambling business. Companies are creating agreements to handle the surge in demand for these online casino platforms and give customers with a better online casino experience following the impending launch of online gambling in the state of Pennsylvania in the year 2019.

 

In the U.S, New Jersey is currently the biggest market for regulated internet gambling. Over a dozen authorized & regulated online casino and poker companies compete for a market worth more than USD 225 Mn per year. In the state, there are a number of casinos and online sports betting apps. According to data supplied by the Division of Gaming Enforcement (DGE), the top three online casinos in New Jersey generated the following revenues in June 2019: The Golden Nugget/Betfair made a USD 13.6 Mn profit, the Resorts AC made a USD 6.39 Mn profit, and the Borgata/Party made a USD 5.66 Mn profit.

 

Live Casino Gaining Popularity in the Country:

 

Due to the country's strict rules, the live casino sector is still in its infancy. Software companies including as Ezugi & Evolution Gaming, on the other hand, have been awarded licenses to offer live dealer games in New Jersey. As a result, global businesses are heavily investing and entering this industry in order to expand their geographic reach and consumer base. For example, Evolution Gaming built its first live casino studio in Vancouver in January 2018. The studio in New Jersey has ten tables with different games such as American Roulette, Blackjack, Baccarat, and Slingshot Roulette.

 

In addition, Evolution Gaming has agreements with Ocean Resort Casino, Hard Rock Hotel & Casino Atlantic City, 888casino, and PokerStars Casino New Jersey, among others. Apart from important players, software companies are pursuing mergers and acquisitions as a crucial strategy for achieving consolidation and optimizing their services. Evolution gaming, for example, bought Ezugi, a live dealer gaming provider, in January 2019. Ignition Casino, BetOnline, MyBookie, Bovada, 5Dimes, and The BoVegas Casino are just a few of the well-known operators that offer live casino games.

 

Impact of COVID-19 on the North America Casino Gaming Equipment Market:

 

The electronic & semiconductor sectors, like many others, were severely harmed by COVID-19. In just a few weeks, this unprecedented occurrence has impacted approximately 230 nations, forcing the shutdown of production and transportation activity both inside and between countries. This has had a direct impact on the sector's overall growth. COVID-19 is anticipated to have a global economic impact of more than USD 30 billion on the electronics manufacturing industries. Transportation limitations on key electronics manufacturing raw - materials providers have had a significant impact on the business. However, the growing market for semiconductors in a variety of industries will result in a rapid market rebound in the near future.

 

The fastest-growing market is Pennsylvania.

 

Pennsylvania is the fourth & largest state to make online gambling legal and regulated. Internet casinos, online poker, sports betting, and other activities are now legal under the new law. The Pennsylvania Gaming Control Board regulates casino gaming (including slots and casino table games like roulette and blackjack), poker, sports/horse race betting, and fantasy betting, while the Pennsylvania Lottery regulates lotteries. Furthermore, according to data given by the American Gaming Association, Pennsylvania casinos' total gross gaming income in 2017 was around USD 3226.92 million, which was the second-highest after Nevada. As a result of the state's supervision of online casinos, the number of downloads of various online casino games is predicted to rise, bringing more money to the total online gambling business. Following the anticipated launch of internet gambling in Pennsylvania in the year 2019, the companies are forging agreements in order to handle the surge in demand for these online casino platforms and give consumers with a better online casino-playing experience. However, Pennsylvania has high tax rates on online gaming. There are three different tax rates for online games: slots (54%), table games (34%), and poker (40%). (16 %).

 

The objective of the report is to present a comprehensive analysis of the North America Casino Gaming Equipment Market to the stakeholders in the industry. The report provides trends that are most dominant in the North America Casino Gaming Equipment Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the North America Casino Gaming Equipment Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the North America Casino Gaming Equipment Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the North America Casino Gaming Equipment Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America Casino Gaming Equipment Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the North America Casino Gaming Equipment Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Casino Gaming Equipment Market is aided by legal factors.

 

North America Casino Gaming Equipment Market Scope:

North America Casino Gaming Equipment Market
Market Size in 2023	USD 3.75 Bn.
Market Size in 2030	USD 5.28  Bn.
CAGR (2024-2030)	5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By  Product Type   Slot Machine Video Lottery Terminal Video Poker Machine
	By   Process   Caffeinated Decaffeinated
	By Installation Installed Inside Casino Installed Outside Casino
Country Scope	United States Canada Mexico

 

North America Casino Gaming Equipment Market Key Players:

• Novomatic
• Aristocrat Leisure
• Galaxy Entertainment
• Amatic Industries
• Ainsworth Game Technology Ltd.
• APEX Gaming Technology
• Everi Holdings Inc.
• Universal Entertainment
• Konami Gaming, Inc.
• Scientific Games Corporation
• Interblock
• TCSJOHNHUXLEY
• International Game Technology PLC
• Gaming Partners International Corporation
• Casino Technology
• ARUZE GAMING AMERICA, INC