The lockdown caused a huge drop in revenue for land-based casinos in Macao (93.2%), Nevada (53.38%), and Las Vegas (39.57%). Sports betting is a lucrative and growing global market, with the total amount wagered worldwide amounting to 194.63 billion U.S. It also highlights the potential of the casino industry to generate revenue and create jobs in many parts of the world. This demonstrates the growth of the casino industry and the economic impact of gambling activities, particularly in Macao. 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 and 1.6 million workers employed at 6.6 thousand establishments worldwide in 2021. 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. The casinos and gambling market is estimated to grow at a CAGR of 8.13% between 20, with a forecasted increase of USD 90.22 billion. dollars from gaming and gambling in 2021.Īround 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. Macao, the world’s casino capital, had 42 casinos and generated 10.3 billion U.S.
