- The Electronic Table Games industry is predicted to grow to a value of $4.59 billion by 2027.
- 69.30% of the Electronic Table Games market is from Casinos.
- APAC countries held 39.5% of the Electronic Table Games market.
LAS VEGAS – A new study suggests that the Electronic Table Games market could potentially hit $4.59 billion by the year 2027.
In 2019, the global Electronic Table Games industry held a value of $2.98 billion USD, but recent estimates suggest that by 2027, the market could achieve a value of $4.59 billion.
This would be a 54% increase in only eight years.
This is according to an analysis from Reports and Data, wherein they elaborate that the growth will come alongside the global increase in disposable income.
The reports claims that the 2020-2027 market will accelerate at a Compound Annual Growth Rate (CAGR) of 5.94%.
And according to the reports, it’s also more cost-effective for Casinos to adopt these game machines.
“Adoption of Electronic Gaming Tables leads to optimization of the costs incurred by casino operators and increases the payout and the number of times the game is played in an hour,” claims the report.
Market Share Growth
Last year, APAC countries held a market share of 39.5% with the rest divided between Europe, and the least amount going to the United States.
The contribution that Electronic Table Games presents towards the gross gaming revenues of these regions is expected to grow across, as different cultures become more accepting of gambling and gaming as a pastime.
69.30% of the Electronic Table Games market is taken by Casinos, due mainly to the increasing demand for more advanced types of gaming within those casinos.
This is great news for fans of these game types, and online gaming fans in general. As the market and demand grows, so too will accessibility to these Electronic Table Games.