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US Market Monitor
Through the first ten months of 2025, total domestic gaming revenue increased by $5.2bn year-over-year, or 8.5%. We highlight the significant growth across the iGaming and sports betting segments and, to a lesser extent, the growth in the VGT distributed gaming and commercial casino segments. Despite the significant growth in iGaming and sports betting, the YoY commercial casino increase of $1.4bn represented over 27% of the $5.2bn.
The overall domestic gaming market and its segments continue to trend up as a whole, despite a few markets that have experienced declines through October 2025.
Are We Out of the Woods?
Through much of 2022 and 2023, the US economy lived in perpetual fear of a recession that never came. Now, nearly one-quarter into 2024, economists are singing a different tune: a recent NABE report expects the US economy to grow 2.2% this year (figure adjusted for inflation), US household and government spending is expected to remain resilient, and economists have more than doubled their estimates for the number of jobs that will be gained during 2024. With such optimistic outlooks for 2024, how does the gaming industry best position itself for the future?
GGHM Expertise
GGHM Partner Cory Morowitz recently published an article in Global Gaming Business that discusses the life cycle of casinos, highlighting their growth, maturity, and decline phases. Some of the key aspects the article covers include how increased competition, new gaming formats, and market changes have disrupted the industry, and to remain relevant, casinos must assess market dynamics, competitive positioning, and their life cycle stage before investing in new capex.
To view the entire article, click on the link below.