2023-2029 US Casino Gaming Equipment Market Report: AR/VR advancements, enhanced slot machines, and AI in online gambling drive market growth

Quick Intro

The comprehensive “U.S. Casino Gaming Equipment Market – Focused Insights 2024-2029” report, now available on Sweepscasinosusa, offers an in-depth analysis of the market, which stood at USD 2.90 billion in 2023. Projected to expand at a CAGR of 3.76% between 2023 and 2029, this growth is propelled by several key factors.

Key Growth Drivers

The market is witnessing substantial growth due to advancements in gaming technology and changing consumer preferences. Notable drivers include:

  • The introduction of larger, more advanced slot machines.
  • Increasing demand for live dealer games.
  • Rapid adoption of AR and VR technologies enhancing the gambling experience.
  • A surge in the popularity of online gambling platforms.
  • Integration of AI technologies to personalize the gaming experience.
  • Rising demand for electronic gaming tables featuring high-definition displays and touchscreens for an immersive experience.
  • Expansion of the hospitality industry contributing to casino growth.
  • Enhanced involvement from vendors in market innovation.
  • Increasing consumer demand for luxurious, feature-rich casinos.

Market Highlights and Trends

Electronic gaming tables are gaining popularity, thanks to their immersive technology, driving significant market growth. The replacement segment, particularly, stands out as a major growth area, with expectations for substantial expansion in the coming years.

Leading market players like Ainsworth Game Technology, Aristocrat Leisure, and International Game Technology, among others, demonstrate strong market penetration, while vendors such as ANGEL GROUP CO., LTD and Aruze Gaming America, Inc. mark their significant presence in the industry.

The report also notes the swift adoption of advanced technologies by standalone casinos, including augmented and virtual reality, to enhance the gaming experience.

Demographic Trends and Customization

With 30% of the US adult population visiting casinos in 2022, there's a clear trend towards younger audiences engaging in casino gaming. This demographic shift is pushing casinos to seek out innovative gaming equipment to attract and retain this audience.

Moreover, the trend of chip customization is on the rise, reflecting casinos' efforts to enhance brand recognition and player experience through unique designs and logos.

Conclusion

The “U.S. Casino Gaming Equipment Market – Focused Insights 2024-2029” report underscores a period of significant growth and transformation within the industry, driven by technological advancements and evolving consumer preferences. As the market continues to expand, stakeholders are poised to capitalize on the emerging opportunities presented by these developments.

Source: https://finance.yahoo.com/news/united-states-casino-gaming-equipment-104200978.html