Topic: US casinos set new record of revenue on 2022 - page 3. (Read 224 times)
Yup, it's noticeable from where I live since i've been seeing countless gambling ads than usual. I guess it's also because of the states that recently allowed online gambling, I only found that out due to the group that i'm following, and I was surprised by the number of promotions that are being offered by several fiat sportsbooks. Most crypto casinos will probably experience an increase but I think it won't be similar to what the US casinos are currently going through right now since crypto casinos have a different player base and only a few of them have a sister site that only focuses on US players.
Gambling is getting more popular, just at the US casinos produced almost 55 billion dollars in revenue during 2022, an amount which surpassed the previous record that was established last year, and since any trend going on the US is most likely taking place all over the world it seems safe to assume the same is happening at many other countries.
Have you noticed this as well where you live? Are cryptocurrency casinos experimenting the same kind of boom as fiat casinos?
Source: https://www.forbes.com/sites/willyakowicz/2023/01/13/us-set-gambling-record-in-2022-with-more-than-549-billion-in-revenue/
Have you noticed this as well where you live? Are cryptocurrency casinos experimenting the same kind of boom as fiat casinos?
Source: https://www.forbes.com/sites/willyakowicz/2023/01/13/us-set-gambling-record-in-2022-with-more-than-549-billion-in-revenue/
I am very surprised that gambling firms' revenue increased even in the face of global economic crises. I tried to get data on the revenue of casinos in my country for last year and they are not currently available. But research has shown that as citizens have access to mobile phones and Internet facilities it results in an increase in online betting which ultimately leads to more revenue. And last year more people had access to internet facilities in my country.
I do not doubt that last year was a profitable one for casinos in my country because this year more casino companies are being established, existing ones are signing lucrative promotion and endorsement deals with celebrities and other organizations, and more people are turning to gamble as a side hustle due to current economic challenges.
legendary
Activity: 1288
Merit: 1491
The first decentralized crypto betting platform
While I have no doubt that the gambling market is a growth market in itself, the regulatory issue will have something to do with it. Three states legalised sports betting in 2022.
I haven't found out about other types of gambling but it seems to me that the USA is in the process of legalising gambling in states where it is currently banned, and obviously that has an effect on the total.
I haven't found out about other types of gambling but it seems to me that the USA is in the process of legalising gambling in states where it is currently banned, and obviously that has an effect on the total.
This new record by the casinos in the US does not include crypto casinos. But even if crypto casino revenue is included, I think it doesn't make much difference because most crypto casinos are not licensed in the US. They are mostly based in Curacao. So the big revenue of large crypto casinos like Sportsbet, Stake, and many more cannot be included in US casino revenue computation.
Where I live, I haven't observed any noticeable growth in casinos. The casinos here are the same old casinos, no additions, no extensions.
Where I live, I haven't observed any noticeable growth in casinos. The casinos here are the same old casinos, no additions, no extensions.
I guess this is another piece of evidence that gambling does not necessarily goes down during rough economical periods of time. Or are we supposed to assume it is coincidence this record of revenue happened while the United States is dealing with high inflation?
I wonder if there is any study on this matter, the relation between inflation and casino revenue. Anyways, thanks for bringing this up.
I wonder if there is any study on this matter, the relation between inflation and casino revenue. Anyways, thanks for bringing this up.
Gambling is getting more popular, just at the US casinos produced almost 55 billion dollars in revenue during 2022, an amount which surpassed the previous record that was established last year, and since any trend going on the US is most likely taking place all over the world it seems safe to assume the same is happening at many other countries.
Have you noticed this as well where you live? Are cryptocurrency casinos experimenting the same kind of boom as fiat casinos?
Source: https://www.forbes.com/sites/willyakowicz/2023/01/13/us-set-gambling-record-in-2022-with-more-than-549-billion-in-revenue/
Have you noticed this as well where you live? Are cryptocurrency casinos experimenting the same kind of boom as fiat casinos?
Source: https://www.forbes.com/sites/willyakowicz/2023/01/13/us-set-gambling-record-in-2022-with-more-than-549-billion-in-revenue/
Jump to: