Casino Hotels in the US: Market Size, Businesses & Forecast 2026

The Casino Hotels industry in the US consists of establishments providing short-term lodging in hotel facilities with an active casino on the premises. The sector is moving toward comprehensive multi-channel entertainment, combining land-based resort experiences with expanding digital gaming verticals. Driven by robust consumer spending and regional expansions, traditional gaming alone generated a record $50.94 billion in revenue in 2025, according to the American Gaming Association, highlighting the industry's sustained post-pandemic momentum.

Industry snapshot

Key public data points

Historical & forecast

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What does the Casino Hotels in the US industry cover?

This industry encompasses full-service traveler accommodation establishments that feature an on-premise casino providing table wagering games, slot machines, and sports betting facilities. These properties operate as integrated resorts, blending lodging with extensive ancillary services to capture broad consumer leisure budgets.

• •Classified explicitly under NAICS code 721120 for Casino Hotels.
• •Amenities typically feature food and beverage services, live entertainment, valet parking, swimming pools, and conference facilities.
• •Excludes establishments offering limited gaming devices without a full-scale casino infrastructure, which fall under standard hotels and motels.

Who operates in the industry and how is it structured?

The US market features a mix of massive, highly concentrated commercial gaming hubs alongside heavily regulated tribal gaming operations and expanding regional commercial properties. While physical footprint expansions are tightly controlled by state-level licensing caps, operators have consolidated to manage capital-intensive resort assets.

• •The Las Vegas Strip remains the largest commercial market in the United States, generating $8.64 billion in revenue in 2025.
• •Atlantic City, New Jersey, stands as the second-largest commercial market with $2.90 billion generated in 2025.
• •Geographic diversification has accelerated with major new casino openings and expansions boosting midwestern hubs like the Chicagoland market.

What drives demand in the industry?

Demand is heavily dependent on macroeconomic indicators such as real disposable income, consumer confidence, and leisure travel expenditures. The industry also benefits significantly from corporate conventions, group events, and international tourism flows into primary destination markets.

• •Real spending on consumer services grew by an estimated 1.6% in late 2025 and is projected to expand by 2.1% in 2026, bolstering hospitality demand.
• •Growth in real disposable income, tracked at 1.5% in late 2025 and forecast at 2.2% for 2026, directly feeds discretionary gaming volumes.
• •Business travel and casino hotel event activity act as key stabilizers for mid-week room occupancy and food and beverage revenues.

Who are the notable companies in the industry?

Competition within the US casino hotel sector is fierce, led by dominant hospitality and entertainment conglomerates that manage multi-billion dollar real estate portfolios. Operators compete intensely on the basis of loyalty programs, property luxury tiers, celebrity culinary partnerships, and entertainment lineups.

• •MGM Resorts International operates premier iconic locations on the Las Vegas Strip and regional assets like MGM National Harbor.
• •Caesars Entertainment, Inc. maintains an expansive national footprint of casino resort properties and linked loyalty databases.
• •Wynn Resorts, Limited targets the ultra-luxury hospitality segment with marquee properties in Las Vegas and Boston.
• •PENN Entertainment, Inc. operates a widely diversified portfolio of regional casino and hotel properties across multiple states.

What are the recent trends and outlook?

The industry is experiencing a powerful shift toward omnichannel gaming, as traditional brick-and-mortar operators launch or partner with digital platforms. Executive sentiment has turned highly positive regarding near-term revenue growth and balance sheet improvements as post-inflationary pressures begin to ease.

• •Commercial sports betting operations reached an all-time high of $16.89 billion in revenue in 2025, up 22.6% year-over-year.
• •Internet gaming (iGaming) surged 27.6% to reach $10.74 billion across legal states in 2025.
• •A net positive 26% of gaming executives in late 2025 anticipated an improved future business situation, the highest optimism reading since 2022.

How is the industry regulated?

Casino hotels operate under some of the strictest regulatory frameworks in the United States, dictated by individual state gaming control boards and tribal compacts. Compliance mandates cover rigorous licensing procedures, anti-money laundering protocols, responsible gaming provisions, and substantial tax contributions.

• •State-regulated commercial gaming generated a record $18.09 billion in direct gaming tax revenues in 2025.
• •Enforcement actions intensified in 2025, with 16 states executing crackdowns on unregulated prediction market platforms.
• •Five states, California, Connecticut, Montana, New Jersey, and New York, enacted specific legislation in 2025 to ban lookalike sweepstakes gaming platforms.

Government, statistical and trade sources used for this Claight analysis.

• US Census Bureau NAICS 2022 ·
• US Bureau of Labor Statistics OEWS May 2023 ·
• American Gaming Association Commercial Gaming Revenue Tracker 2025 ·
• American Gaming Association State of the States 2026 ·
• American Gaming Association Gaming Industry Outlook Fall 2025