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
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
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 firstname.lastname@example.org
with your requirements and a link to our subscription platform.
Expansion of online gambling
Browse Related Reports:
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
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,”
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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