Gambling Industry in the US 2022 – Statistics & Facts

Gambling is an industry that is growing rapidly in the United States. In fact, it is expected to generate $146 billion by 2023. This growth is due to a number of factors including the legalization of gambling in some states and the proliferation of mobile betting apps.

In this blog post, we will explore some of the statistics and facts about the gambling industry in the US. We will also highlight some ways that you can make money as a gambling advocate.

The worth of the Gambling Industry in the US

The gambling industry in the United States is worth $53 billion and is projected to grow by 3% over the next five years. The number of casino resorts in the US has increased by 13% since the last decade, while revenues from gaming have increased by 10%. In Nevada, which has the most casinos, revenue from gaming was 18% of total state revenue in 2021.

Gambling addiction is a problem in the US, but it’s not uniformly distributed. There are far more people who gamble recreationally than there are people who gamble compulsively or irresponsibly. The percentage of Americans who report having gambled in the past month is about 34%, but for those who gamble compulsively or irresponsibly, it’s about 2%.

Blackjack is the most popular game

img source: theunionjournal.com

Casinos, poker, and bingo are just a few of the popular betting games found in U.S. casinos and land-based casinos abroad. Blackjack is the most popular form of gambling in the US according to Statista – accounting for over 45% of all casino gaming revenue in the past years. It’s no wonder; blackjack is one of the most widely known and enjoyed casino games available.

The basic rules of blackjack are simple: players must place bets on either a 21 or 18 count, with anything above that counted as a “natural” (a total of 21). The goal is to get as close to 21 as possible without going over while avoiding losing any chips. If a player gets dealt an Ace, they automatically win – even if their original bet was for less than 20.

While there are dozens of variations of blackjack, the most common versions played in U.S. casinos use standard 52-card decks with 2 through 10 ranked face down and Ace face up. To play, each player sets aside some number of chips (usually around 25), then takes turns playing cards until someone busts – which means they lose all their chips and must leave the table.

How much money does the average American gamble?

img source: wikimedia.org

The gambling industry in the United States is worth an estimated $53billion, with more than 229 million people gambling annually. Americans spend an average of $1,236 per year on gambling. The majority of this money (87 percent) is spent on casino and lottery tickets.

Gambling is a popular pastime in America, and there are several reasons why. First, gambling is legal in most states, so people can gamble without fear of repercussions. Second, gambling is a fun and easy way to spend time – even if you don’t have much money to invest, you can still try your luck at the casino or race track.

Finally, casinos and racing tracks offer a variety of different games and opportunities for entertainment, so people of all ages can find something to enjoy, from actually going to a casino, to visiting online places like slothunter-de.com

Which state has the most casinos?

img source: cnn.com

Nevada is the state in America with the most casinos. The state has over 30 casinos, ranging from small, mom-and-pop shops to some of the biggest and most famous in the world. Nevada is also home to the world’s second-largest resort, Las Vegas.

Casinos have been a part of Nevada’s economy for years, and they continue to be a major player in the state’s economy. In 2013, casinos generated $24.9 billion for the state’s GDP – more than any other industry. Casinos also create nearly 60,000 jobs in Nevada each year.

Las Vegas is by far the biggest beneficiary of casinos in Nevada. The city receives more than three-quarters of all casino revenue generated in the state. Other major cities in Nevada that benefit from casinos include Reno and Carson City.

 Jobs in the gambling industry

The gambling industry employs 2.1 million people in the United States. This number is made up of casino and gaming employees, as well as those employed in related industries, like food service and construction. The largest employer of gambling industry employees is Nevada, with over 200,000 workers.

Arizona is second with over 150,000 workers. In terms of revenue generated by the industry, casinos in Nevada generate the most money, followed by casinos in Oregon.

Sports betting in America

img source: onlinecasinobluebook.com

Americans have been avid sports bettors for many years now and the market has grown steadily since then. In fact, according to Statista, Americans spent an estimated $8.4 billion on sports betting in 2020. This is a 20% increase from 2019 and it shows no signs of stopping anytime soon.

There are several reasons why this is happening. First of all, there’s a growing interest in gambling among American adults, particularly those who are younger than 35 years old.

Additionally, the legalization of sports betting in various states has made it easier for people to place wagers on their favorite teams and athletes. And lastly, technological advancements have allowed punters to make bets through mobile devices and online platforms.

Despite all these benefits, there are also some risks associated with sports betting. For example, people may lose money if they get unlucky when placing bets or if their team loses a game that they had expected to win. Additionally, organized crime groups can use sports betting as a way to launder money and finance criminal activities.

So, while the market for sports betting continues to grow in America, it’s important to be aware of the risks involved so that you don’t become one of its victims.

Conclusion

The gambling industry in the United States is expected to rake in total revenue of $88.4 billion by 2023. The growth of casino gaming, both land-based and online, is primarily responsible for this forecasted increase.

According to a report from Gambling Impact Review (GIR), more than two-thirds (69%) of American adults gamble at least once a month – primarily playing poker, slot machines, and blackjack. Additionally, Americans spend an estimated $92 billion annually on legal U.S.-based sports betting.