According to the latest estimates, in mid-2020, the market size of the global casinos and online gambling industry reached a total of 227 billion U.S. dollars.
How big is the gambling industry in the US?
The American Gaming Association, an industry trade group, states that gaming in the U.S. is a $240 billion industry, employing 1.7 million people in 40 states. In 2016, gaming taxes contributed $8.85 billion in state and local tax revenues.
How big is the legal gambling industry?
The global sports betting industry reached a market size of 203 billion U.S. dollars in 2020. Within this industry, there were approximately 197 thousand employees in a total of almost 31 thousand businesses. Many countries participate in legal sports betting, one of the more recent being the United States in 2019.
What is the casino industry worth?
In 2020, the casino industry revenue (including online gambling) reached $227 billion. Stats show that around ten million Americans are gambling addicts. The average UK gambler is 55-64 years old. Casino industry trends show the online gambling market was worth $53.7 billion in 2019.
How big is the online casino industry?
Global casino and online gambling industry market size 2011-2021. The casino and online gambling sector worldwide was estimated at roughly 262 billion U.S. dollars in 2019, reflecting an increase of over 13 million U.S. dollars from the previous year.
How much does the average person lose gambling?
The gambling industry in the U.S. is estimated to be $110 billion in 2020 and growing. What might be news is that as many as 23 million Americans go into debt because of gambling and the average loss is estimated to be around $55,000.
How much money is lost to gambling every year?
The same report tallied our national gambling losses at just under $25 billion – $24.88 billion to be exact. Per person that’s more than $1,260 lost to gambling every year, and a 5% increase on the figures from 2016-17.