Casino gaming equipment market in the US to grow exponentially by 2029

The provider of comprehensive market intelligence reports, advisory and consulting services, Arizton Advisory and Intelligence, uncovered details regarding a new report, focusing on the US casino gaming equipment market. Insights from the new report emerged last week, predicting significant growth within the US casino gaming equipment market. The sector, evaluated at approximately $2.9 billion as of 2023, is showing a 3.76% compound annual growth rate (CAGR), and is expected to hit $7.79 billion by 2029.

"Casino gaming equipment is a device and machinery used to operate various casino games. It includes various equipment, including slot machines, gaming tables, video lottery terminals, and video poker machines. Casino gaming equipment's primary function is to provide players with entertainment and generate revenue for the casino operators," reads the new report.

There are multiple factors that positively impact the growth of the sector. Among them are the growth of the hospitality and gaming industry, the increasing demand for bigger and better slot games. Another factor that is positively impacting the growth of the US casino gaming equipment sector is the increasing demand for live dealer games, as well as the growth of the online gambling industry.

Innovative technologies, including augmented reality (AR), virtual reality (VR) and artificial intelligence play an important role for the growth of the sector. While many brick-and-mortar and online casinos leverage such innovative solutions, the developers of casino gaming equipment also benefit from them.

High-definition touchscreens and displays, which are available for many of the modern casino games, deliver immersive experiences. Casinos across the globe have identified this demand and continue to deliver more engaging games that capture their attention and ensure exceptional entertainment.

Currently, casino gaming equipment developers power the offering of land-based casinos, betting outlets, hotels, cruise and riverboat casinos, as well as other establishments. Besides the increase in demand, another factor contributes to the growth of the sector and this is the need for replacement of gambling machines.

Arizton's new report highlighted a long list of casino gaming equipment providers that are going to play an important role in the growth of the vertical. Everi Holdings, International Game Technology (IGT), Light & Wonder and Aristocrat Leisure, among others, are a part of the key vendors listed in the recent report.

On the other hand, other prominent vendors that will play an important role in the growth of the US casino gaming equipment market include Novomatic, Aruze Gaming America, Inspired Entertainment, Zitro Games, Merkur Gaming, and many others.

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