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 240 billion U.S. dollars to the U.S. economy annually and directly employs more than 700 thousand people. Worldwide, the gross win of the gambling market was forecasted to reach approximately 400 billion U.S. dollars in 2015, more than a third coming from casino gambling.

Las Vegas Sands was the largest casino company in the world in 2013, with revenues of almost 14 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 2014 survey by market research company Nielsen Scarborough, nearly 80 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 41.4 billion U.S. dollars in 2015, tripling in size in just ten years. The largest share of this industry segment is made up of casino gambling and sports betting.

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