US casino market revenues to reach $93B by 2020

Rosy days ahead for the casino gaming market in the United States.

A new study by market research firm Technavio forecast that the U.S. casino market will see a moderate growth rate over the next four years, culminating in revenues that could reach at least $93 billion by 2020.

“The tourism industry in the country has recovered since the end of the economic recession, growing at a CAGR of over 7 percent until 2015,” said Faizan Akthar, Technavio’s lead market research analyst for media and entertainment, in a statement.

Akthar said casinos in the United States have already started adopting alternate methods to increase their customer base and look beyond the country for expansion. According to the analyst, casinos are collaborating with luxury hotels to offer entertainment options, placing slot machines at restaurants, bars and other attractions that are within reach of potential customers.