Share 
State of Play
- An analyst note finds Aristocrat Leisure and Light & Wonder continuing to capture the lion’s share of top-performing slot machines in US casinos.
- This concentration matters for players and operators because those firms’ hit titles drive placement, recurring lease fees, and cross-platform reach.
An analyst tracking US casino floors found that two suppliers – Aristocrat Leisure and Light & Wonder – accounted for about 83% of top-performing leased units through December 2025, with Aristocrat alone making up roughly 62% of those prime positions.
US land-based gross gaming revenue has been holding up and growing faster than inflation into late 2025, encouraging operators to refresh slot floors and prioritize titles that reliably drive play. Suppliers that sell or lease machines and collect recurring fees from game libraries benefit most from this environment.
Light & Wonder also has a digital advantage, holding roughly 14% of online slots GGR and publicly targeting a 20% installed-base share by FY2028, underscoring a strategy that combines land-based placement with iGaming expansion.
Light & Wonder Could Continue to grow online
For casino operators, steady GGR growth means budgets for floor updates remain available, but spend will skew toward studios with proven hits, so expect placement and promotion to favor Aristocrat and Light & Wonder titles.
That dynamic raises the bar for smaller suppliers, who may struggle to win the prime leased spots that generate recurring revenue.
Online, Light & Wonder’s push to increase its iGaming footprint could mean more of its top land-based titles ported to apps and casino sites, expanding reach and engagement. Financially, suppliers with recurring-fee models stand to benefit from persistent play, while operators will keep balancing player demand, floor economics, and machine ROI.
Based on reporting by Finimize.
