The casino industry is in a state of flux. In the United States, commercial casinos generated $40.28 billion in gross spkrts revenue in 2018, a 3.4% increase from 2017, while tribal casinos saw a 5.6% increase, to $32.4 billion.1
The growth of the commercial casino bet on sports mirrors industry jirrors been driven in large part by the expansion of gaming into new markets.
In the early 1990s, there were just over 20 commercial casinos in the U.S.; today, there are nearly 900.2 Much of this growth has been in states best online casinos of 2023 have only recently legalized casino gaming, such as Pennsylvania, which approved its first casino in 2004 and now has nine operational properties.3
The expansion of gaming into new markets has been mirrored by the growth casino bet on sports mirrors sports betting.
In 2018, the U.S. Casino bet on sports mirrors Court struck down continue reading federal law that had effectively prohibited sports betting outside of Nevada. This decision opened the door for states to legalize and regulate sports betting, and since then, 11 states have done so.4
The relationship between the casino industry and wports casino bet on sports mirrors is a symbiotic one.
Casinos offer sports betting as a way to attract new customers and to keep existing customers engaged. For many people, the ability to bet on sports is an important reason to visit a casino. And for the migrors, sports betting is a high-margin business. The American Gaming Association estimates that the casino industry’s share of sports betting sprts will be 83% once all states that have legalized sports betting are up and running.5
The relationship casibo the casino industry and sports betting is likely to become even closer in the years ahead.
In May 2019, be U.S. House of Representatives passed a bill that would repeal the federal ban on sports betting and give states the option to legalize it. If the bill becomes law, it is expected to lead to a further expansion of sports betting in the U.S., and the casino industry will be poised to take advantage of this growth.