The casino industry is a multi-billion dollar industry that is constantly growing and evolving. From the number of casinos in operation to the amount of money wagered, the statistics associated with the casino industry are fascinating.
In this blog post, we will take a look at some of the most interesting casino industry statistics and explore what they mean for the industry. We will also discuss how these statistics can be used to better understand the casino industry and how it is changing. So, let’s dive in and take a look at the casino industry statistics.
Casino Industry: The Most Important Statistics
Around 1.6 billion people worldwide gamble, with 4.2 billion gambling at least once a year, and the US online gambling market generating $306.5 billion in 2018.
The casinos and gambling market is estimated to grow at a CAGR of 8.13% between 2022 and 2027, with a forecasted increase of USD 90.22 billion.
Casino Industry Statistics Overview
The global casino and online gambling industry consists of gambling facilities that offer gambling possibilities and services to customers, resulting in a market size of 262 billion U.S. dollars and 1.6 million workers employed at 6.6 thousand establishments worldwide in 2021.
The commercial casino industry has seen significant growth over the last few decades, with the market size of the casino and online gambling industry worldwide reaching 231 billion U.S. dollars in 2021.
Macao, the world’s casino capital, had 42 casinos and generated 10.3 billion U.S. dollars from gaming and gambling in 2021.
This demonstrates the growth of the casino industry and the economic impact of gambling activities, particularly in Macao. It also highlights the potential of the casino industry to generate revenue and create jobs in many parts of the world.
Around 1.6 billion people worldwide gamble, with 4.2 billion gambling at least once a year, and the US online gambling market generating $306.5 billion in 2018.
Sports betting is a lucrative and growing global market, with the total amount wagered worldwide amounting to 194.63 billion U.S. dollars in 2021.
The lockdown caused a huge drop in revenue for land-based casinos in Macao (93.2%), Nevada (53.38%), and Las Vegas (39.57%). This had a corresponding effect on casino stocks, with Playtech PLC’s stock price dropping by 75.8%.
The betting industry in the United States has been affected by the coronavirus (COVID-19) pandemic, with 47% of respondents in the United States betting less often.
Despite this, the global market size of the online gambling and betting industry is expected to rise from 61.5 billion U.S. dollars in 2021 to 114.4 billion by 2028.
Thus, the industry is still growing despite the pandemic, and that the industry is becoming increasingly digitalized.
The global online gambling market size was valued at USD 63.53 billion in 2022 and is expected to grow at a CAGR of 11.7% from 2023 to 2030 due to increasing internet penetration, rise in the use of mobile phones, cultural and legalization approval, easy access to online gambling, celebrity endorsements, and corporate sponsorships.
This growth is important for the casino industry as it provides additional opportunities for revenue growth and expansion.
The casinos and gambling market is estimated to grow at a CAGR of 8.13% between 2022 and 2027, with a forecasted increase of USD 90.22 billion.
Commercial gaming revenue in 2022 increased 13.9% over 2021 and 38.5% over 2019, reaching a record high of $60.42 billion in the fourth quarter.
This shows that despite the broader economic environment, the casino industry has been able to remain resilient and profitable. This is also a positive sign for the industry and suggests that it is well-positioned to continue to grow in the future.
The Las Vegas Strip is still the biggest gambling destination in the US, bringing in over $7 billion in gross gaming revenue last year, with Atlantic City and the Chicagoland area coming in second and third respectively.
Therefore, in-person gambling is still the main driver of revenue growth, rather than mobile sports betting and iGaming.
Supplementary Statistics
The global casino market is expected to reach $525 billion by 2023, growing at a CAGR of 4%.
This is a clear indication that the casino industry is a viable investment opportunity, and that it is likely to continue to expand in the coming years. This statistic is an important piece of information for anyone interested in the casino industry, as it provides insight into the current and future state of the market.
In 2019, the total revenue of the casino industry in the United States was approximately $79.42 billion.
It highlights the fact that the industry is thriving and continues to be a major contributor to the US economy. It also serves as a reminder of the potential for growth and expansion within the industry, as well as the potential for increased revenue and profits.
Las Vegas Strip casinos generated a revenue of roughly $6.58 billion in 2019.
This statistic is a valuable insight into the current state of the casino industry, and it is an important piece of information for anyone interested in the industry.
Macau had an annual gross gaming revenue of $35.6 billion in 2020.
The staggering statistic of Macau’s annual gross gaming revenue of $35.6 billion in 2020 is a testament to the immense success of the casino industry in the region. It is a clear indication of the immense potential of the casino industry and the immense profits it can generate. This statistic is a reminder of the immense potential of the casino industry and the immense profits it can generate. It is a reminder of the importance of the casino industry in the global economy and its potential to generate significant revenue.
In 2019, the total gaming revenue of Atlantic City casinos reached $3.29 billion.
It shows that despite the challenges of the past decade, the casinos in Atlantic City have managed to remain profitable and continue to be a major contributor to the local economy. This statistic is a reminder of the importance of the casino industry in the region and its potential for continued growth.
The largest casino in the world by floor space is the WinStar World Casino and Resort in Oklahoma, with 600,000 square feet.
This highlights the immense scale of the industry, and the potential for growth and success within it. It also serves as a reminder of the potential for casinos to become major tourist attractions, as the WinStar World Casino and Resort has become.
The online gambling market is estimated to reach a value of $92.9 billion by 2023.
The industry is growing rapidly and is expected to reach a staggering value of $92.9 billion by 2023. This is a clear indication that the casino industry is a lucrative and profitable venture, and one that is worth investing in.
There are 2,857 casinos worldwide as of 2021.
Casinos are a major part of the global economy, with thousands of establishments around the world. This statistic is a reminder of the immense impact that casinos have on the economy, and the importance of understanding the industry’s trends and developments.
The United States had the most casinos in 2021 with 1,966.
This speaks to the immense popularity of gambling in the country, and the sheer number of casinos that have been established to meet the demand. It also serves as a reminder of the economic impact that casinos have on the US economy, as they provide jobs and generate revenue for local communities.
The average casino gambler spends $68.92 per visit.
It addresses the amount of money that is being spent by the average gambler on each visit, and thus provides insight into the overall profitability of the casino industry. It also serves as a reminder of the potential risks associated with gambling, as it highlights the amount of money that can be lost in a single visit.
In 2019, casino gambling accounted for 25.8% of Nevada’s total annual revenue.
This is a testament to the immense impact that casino gambling has had on Nevada’s economy. It highlights the importance of the casino industry to the state’s financial well-being, and serves as a reminder of the importance of the industry to the state’s overall success.
The global market for casino management systems is expected to reach $13.7 billion by 2025.
It is an exciting prospect for those interested in the casino industry, as it suggests that the industry is on the cusp of a major growth spurt.
In Canada, the casino industry generated CAD$9.229 billion in revenue in 2017.
Conclusion
In conclusion, the casino industry is a rapidly growing sector of the economy. It is estimated that the global casino industry will reach $130 billion by 2022. The industry is also expected to experience a compound annual growth rate of 7.2% over the next five years.
This growth is driven by the increasing popularity of online gambling, the expansion of land-based casinos, and the introduction of new technology. As the industry continues to grow, it is important to keep track of the latest casino industry statistics to ensure that businesses remain competitive.
References
https://www.statista.com/statistics/1177376/global-casinos-online-gambling-industry/
https://www.statista.com/topics/1053/casinos/
https://www.casino.org/features/gambling-statistics/
https://www.statista.com/topics/1740/sports-betting/#topicOverview
https://finance.yahoo.com/news/effects-covid-19-gambling-industry-104140384.html?fr=sycsrp_catchall
https://www.statista.com/topics/1740/sports-betting/#topicOverview
https://www.grandviewresearch.com/industry-analysis/online-gambling-market
https://www.technavio.com/report/casinos-and-gambling-market-industry-analysis
https://www.forbes.com/sites/willyakowicz/2022/02/15/us-gambling-revenue-hit-record-53-billion-in-2021/?sh=6848e6d67f50
https://www.statista.com
https://www.worldcasinodirectory.com
https://www.nccreports.com
https://www.technavio.com
https://www.winstar.com
https://www.businesswire.com
https://www.pressofatlanticcity.com
https://www.adroitmarketresearch.com
