Gambling Industry in the U.S. - Statistics & Facts

Gambling Industry in the U.S. - Statistics & Facts

Statistics and facts about the Gambling Industry in the U.S.

Gambling is the wagering of something of value, usually money, on the outcome of an event or game. As an activity heavily criticized by some, gambling still faces many legal restrictions in the United States. Nevertheless, the industry makes a total contribution of around 137.5 billion U.S. dollars to the U.S. economy annually and directly employs more than 730 thousand people. Worldwide, the gross gambling yield (GGY) of the gambling market was forecasted to grow annually to reach 511 billion U.S. dollars in 2019.

Las Vegas Sands was the largest casino company in the world in 2015, with revenues of around 11.7 billion U.S. dollars. As its name implies, the company is based in one of the world’s casino and gambling capitals, Las Vegas. According to a spring 2015 survey by market research company Nielsen Scarborough, over 77 million Americans had visited a casino in the past 12 months. In another survey, 42 percent of those visiting casinos said that they budgeted more than 100 U.S. dollars for a day of casino gambling.

Visiting casinos is not the only way to gamble. Another growing segment of the gambling industry is online. The global market size of online gambling was forecasted to reach over 56 billion U.S. dollars in 2018, growing by around 20 billion U.S. dollars in just five years. The largest share of this industry segment is made up of casino gambling and sports betting.

Photo: / nsyncstudio

Show more   

Recommended statistics about “Gambling Industry in the U.S.”
Recommended Studies
  • The complete topic in one convenient package
  • Instant access and download
  • Great time-saver
Recent "Gambling Industry in the U.S." Infographic
Gambling Industry in the U.S. Infographic - Americans Lose 119 Billion Through Gambling
You may also be interested in...