Other substitute forms of gambling competing with casinos include: sports betting, online betting apps, lotteries, and fantasy sports. Competition came from not only from market saturation of direct competition due to the rapid expansion of legalized casino gambling across most jurisdictions, but indirect competition from other forms of gambling and entertainment.
This past decade we saw the continued effects of competition on the casino industry. Given the rapid changes within the gaming industry, what challenges will this upcoming decade hold for the gaming industry? In addition to greater investments in the non-traditional casino, amenities have shifted the way the industry attracts patrons. To combat a more competitive environment, casinos have looked to technological advancements, more specifically data-mining capabilities and mobile gaming apps.
This past decade the gaming industry experienced the cumulative effects of competition. With the 2010s decade in our rearview mirror, the gaming industry experienced considerable changes. The Future of the Gaming Industry: Challenges the Next Decade Holds for Casinos