Casino Gaming Market in the US Predicted to Reach USD 93 Billion in Revenues by 2020, According to Technavio

Virtual online casinos

provide more protection to user transactions than real casinos offer

because they offer access after multiple verification procedures. Analysts obtain information using a combination of bottom-up

and top-down approaches, besides using in-house market modeling tools

and proprietary databases. For instance, Las Vegas

has an airport capacity of more than 20 million visitors annually. They corroborate this data with the data

obtained from various market participants and stakeholders across the

value chain, including vendors, service providers, distributors,

re-sellers, and end-users.

Immense contribution to national economy

. This market

research report also includes up to date analysis and forecast for

various market segments and all geographical regions.

Some of the other driving forces behind the growth of the casino gaming

market in the US are expansion of online gambling, immense contribution

to national economy, and advanced transportation infrastructure in the

US.

LONDON–(BUSINESS WIRE)–Technavio’s latest market research report predicts the casino gaming

market in the US to reach revenues worth USD 93 billion by 2020, posting

a moderate growth rate over the next four years.

“The tourism industry in the country has recovered since the end of the

economic recession, growing at a CAGR of over 7% until 2015. The possibility of exponential growth in this segment

is expected to gain further traction with many other states in the US

considering legalization of online gambling in the next four years.

If you are interested in more information, please contact our media team

at media@technavio.com.

Technavio is a leading global technology research and advisory company. The intercity transport system is also very

efficient, and features monorails and bus and shuttle services which

further conveniences travelers interested in gambling.

“Many casinos are adopting alternate methods to increase their customer

base and expand their business in the US.

The company develops over 2000 pieces of research every year, covering

more than 500 technologies across 80 countries. Contact enquiry@technavio.com

with your requirements and a link to our subscription platform.

About Technavio

Expansion of online gambling

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One of the primary factors influencing the growth of the casino market

in the US is its transportation infrastructure. Subscribing to Technavio’s reports allows you to

download any three reports per month for the price of one. This

segment grew by almost 212% in terms of revenue in 2015, indicating a

trend that is set to make online gambling the future of the casino

market in the US.

This trend is encouraging the US government to legalize casinos across

the country.

Advanced transportation infrastructure in the US

Online gambling was not legal in the US until the states of Nevada, New

Jersey, and Delaware legalized it in 2013. The

state’s roadways are also well planned and connect the city to Southern

California and Arizona. This strategy has

increased the number of tourists interested in gambling in the country,”

adds Faizan.

Get access to multiple reports and avail great discounts by becoming

a Technavio subscriber. Slot machines are often placed at restaurants, bars, and other

attractions to reach out to potential customer,” says Technavio’s lead

market research analyst for media

and entertainment sector, Faizan Akthar.

The casino industry in the US helps the economy by providing substantial

employment opportunities. Casinos are

taxed at 25% whereas the tax for an average American citizen is 10%. In 2015, the US casino market generated half a

million jobs and more than USD13 billion in tax revenues. For example, casinos are

collaborating with prominent luxury hotels to offer entertainment

options. In this report, Technavio

covers the present scenario and growth prospects of the casino

gaming market in the US for 2016-2020. Technavio has about 300

analysts globally who specialize in customized consulting and business

research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research

techniques to ascertain the size and vendor landscape in a range of

markets. The US is

one of the few countries that allow advertisements for casinos, thus

encouraging local level marketing by casinos

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