Slot Machines Market Overview
Product Overview and Scope of Slot Machines Market
A slot machine is operated by inserting coins into a slot and by pulling down on a long handle. It features a set of spinning reels with various symbols on them. Players or individuals insert coins or tokens into the machine and then pull a lever or press a button to activate the reels. The earliest slot machine technology was created with mechanical reels powered by random number generators. In recent years, computer technology became more advanced, and computerized video slots have changed the slot-playing experience for a better experience. Gaming and gambling activities have become richer and more diverse with complex game themes.
The slot machines have become popular in casinos all over the world. In many parts of the world, they have become even more popular than table games such as poker and blackjack. Not only are they fun and entertaining, but they offer the opportunity for big jackpots on small wagers without any skill. Slot machines offer a variety of themes and features to enhance gameplay and engage players. Some machines have bonus rounds, free spins, wild symbols, and other special features that can increase potential winnings. The payouts can vary depending on the specific machine and the combination of symbols achieved.
Slot Machines Market – Global Industry Analysis
Market Drivers
- Increasing number of casinos across worldwide
The casino industry refers to the area of the economy that includes businesses whose main business is the provision of gambling and gaming activities. Casinos are places where people can engage in a variety of gambling activities, including playing slot machines, playing table games, betting on sporting events, and other games of chance. Casino gambling has experienced dramatic growth across the world during the past few years. This is due to the factors such as increasing demand for entertainment, economic impact and job creation, technological development, regulatory changes, tourism & destination development, and changing attitudes towards gambling.
According to the American Gaming Association, the US broke gambling revenue records in 2022, bringing in more than USD 54.9 billion. In the first 11 months of 2022, the nation's casinos and mobile gaming platforms generated a record USD 54.93 billion. Data gathered from state regulators by the American Gaming Association show that 2022 has already surpassed the USD 53.04 billion record by 13.5% with one month yet to go. Specifically, the two types of gambling that brought in the most revenue were slot machines and tables. In the United States, slot machines and table games brought in USD 43.79 billion, a 6.7% increase over the same 11-month period in 2021. Slot machines offer an entertaining and immersive gaming experience. They feature captivating themes, engaging graphics, and audio-visual effects that enhance the player's entertainment and enjoyment. The appeal of the gaming experience drives the demand for slot machines as a popular form of entertainment.
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Number of slot machines worldwide-2021, by region |
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Source: Cognitive Market Research |
- Ease of government regulations
- Expansion of online gambling
Global Slot Machines Revenue by Regions (2018-2023)
Global Slot Machines Revenue and Market Share (%) by regions (2018-2023)
Global Slot Machines Revenue (USD Billion) by regions (2018-2023)
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2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
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North America |
XX |
XX |
XX |
XX |
XX |
XX |
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Europe |
XX |
XX |
XX |
XX |
XX |
XX |
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Asia Pacific |
XX |
XX |
XX |
XX |
XX |
XX |
|
Latin America |
XX |
XX |
XX |
XX |
XX |
XX |
|
Middle East & Africa |
XX |
XX |
XX |
XX |
XX |
XX |
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Total |
XX |
XX |
XX |
XX |
6.05 |
XX |
Global Slot machines market was valued at USD 6.05 Billion in 2022 and is expected to grow at a CAGR of 12.9% over the forecast period, from 2023 to 2030.
Global Slot Machines Market Scope
By Type
- Traditional Slot Machines
- Video Slot Machines
- Multi-denomination Slot Machines
- Fruit Machines
- Other
By Technology
- Reels
- Video Slot
- Computerization
- Random Number Generators
- Linked Machines
- Fraud
- Others
By End Use
- Casino
- Others
Company List
- Everi Holdings Inc.,
- Ainsworth Game Technology,
- Universal Entertainment Corporation,
- Konami Gaming Inc.,
- Gaming Partners International Corporation,
- Aristocrat Leisure Limited,
- ASTRO Gaming, Inc.
- Scientific Games Corporation,
- Galaxy Entertainment Group,
- International Game Technology PLC (IGT),
- Aristocrat Leisure Limited
- Ainsworth Game Technology
- Multimedia Games Inc.
- Others
Slot Machine Market, By End Use
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Slot Machine Market, By End Use (2022) |
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Source: Cognitive Market Research |
In 2022, the casino segment dominated the slot machine market and contributed to the largest revenue share of 62.13%. The increasing popularity of gambling activities among players has resulted in a growing number of casinos worldwide. In casinos, players can find a wide selection of slot machines with different themes, features, and denominations. Some casinos have entire sections dedicated to slot machines. When playing slot machines in a casino, players insert money, tokens, or tickets into the machine and then spin the reels by pulling a lever or pressing a button. The outcome of the spin is determined by a random number generator (RNG), ensuring fairness and unpredictability. Casinos offer a range of slot machine options to cater to different preferences and budgets.
Global Slot Machines Manufacturers Profiles/Analysis
Everi Holdings Inc.
Everi Holdings Inc. Company Basic Information, and Sales Area
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Description |
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Company Name |
Everi Holdings Inc. |
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Website |
www.everi.com |
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Established Date |
1998 |
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Headquartered |
United States |
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Market Position/History |
Everi Holdings Inc. was founded in 1998 as a Global Cash Access Holdings, Inc., and is headquartered in Spring Valley, Nevada, United States. It was established as a joint venture of three payment processing companies: BA Merchant Services, First Data, and USA Processing Inc. In December 2014, Global Cash Access expanded into the slot machine business by purchasing Texas-based slot maker Multimedia Games. In the next year, the company changed its name to Everi Holdings. In year 2022, Everi acquired the Australia-based company, ecash Holdings Pty Ltd. In the same year, 2022, Everi Holdings acquired the mobile technology and e-commerce platform, Venuetize Inc. |
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Sales Area |
Worldwide |
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Manufacturing Location |
United States |
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Ticker |
NYSE: EVRI |
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No. of Employees |
1,550 employees |
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Competitors |
Ainsworth Game Technology, Universal Entertainment Corporation, International Game Technology PLC (IGT), etc. |
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CEO |
Michael D. Rumbolz |
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Ownership Type |
Public |
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Contact Address |
7250 S Tenaya Way Suite 100 Las Vegas, NV 89113 Tel: (702) 855-3000 |
Business Segment/ Overview:
Everi Holdings Inc. is a US-based company engaged in designing, developing, and manufacturing casino games, as well as providing cash access and customer relationship marketing technologies to the gaming industry. Everi delivers products and services to gaming properties worldwide. The company operates its business through two segments that include the games segment and the FinTech segment. The company provides products such as Everi full-service kiosks and cash club, cashClub wallet, and Everi Compliance AML.
Business Strategy
Everi Holdings Inc has engaged in the advancement of technology to increase the productivity of the company. For instance, the company launched mobile app technology at nine Muscogee (creek) nation casinos. Furthermore, the company has been involved in strategic inorganic development such as collaboration, acquisition, and partnership to increase the customer base of the company. for instance, the company acquired assets of video king, a leading integrated electronic bingo gaming device and systems provider.
