The Social Casino Industry – An Overview

Despite being a relatively nascent business, the Social Casino industry generated over $5.3bn of revenues in 2019, according to our estimates, and we forecast a 5-year growth CAGR (2019-24e) of 6%.

The sector has experienced large-scale M&A over the past few years, and this is something that we expect to continue as the industry continues to consolidate. Using recent buy-out valuation metrics, we estimate that the value of the industry in terms of total enterprise value is between $15bn – $20bn.