5 Largest Countries Based On Casino Revenue
$6,000 Welcome Bonus
Casinos are one of the oldest and most exciting past times for many, all over the world. That’s why the casino industry has remained so profitable over the years. Here are five of the largest countries out there, based on their casino revenue.
1) USA
It’s no surprise that the USA has one of the biggest casino revenues in the world. They are home to some of the most well-known operators of casino is, such as MGM Resorts and Caesars Entertainment. They are also home to key gambling spots, Las Vegas and Atlantic City.
Gambling has become a cornerstone of the economy, bringing in a large amount of taxes and creating jobs. That Atlantic City casino’s alone brought in $467 million USD in taxes in 2023.
In 2023, US casinos alone made $66.5 billion USD in profits. This includes the profits made from slots, table games, and more. Sports betting has also seen significant growth in the country as well, having made $10.92 billion USD in 2023.
2) Ireland
Gambling is a key part of Irish culture, with the legalization of the practice happening relatively recently in its history. As you can expect, casinos are highly popular here, and huge profits have been made in the country.
There aren’t land-based casinos though, as these are actually not legal currently. Instead, casino gaming is usually done on online casinos seen on sites like Betfree, as well as other gambling avenues such as betting shops, lotteries and so on.
When it comes to land-based gambling in Ireland, their revenue hit 1.7 billion EUR in 2019. Revenue took a slight hit thanks to the COVID pandemic, but it has come out of the situation intact. A lot of this is thanks to offshore gambling, especially offshore casinos. These have made around 7.5 billion EUR in recent years.
A lot of this is attributed to the availability of online casinos during lockdowns. In fact, slots have shown an annual increase of 25% just between 2019 to 2020.
3) Japan
Japan may not be the first country when you think of casino gambling, but it is quickly becoming a popular entertainment past time for many residents there. The first casino to ever be built in the country is currently being developed in Osaka, with an opening date of 2029. This will include gambling halls with shopping centres, hotels, conference centres and more.
With new legislation in place, they are hoping the opening of this casino will draw in more tourism to the area. It is projected that the casino will generate JPY 520 billion in revenue for the country.
Even with the opening of this new casino, gambling in Japan still has a complex status. Online gambling is technically illegal within the country, although Japanese players can still enjoy online casino’s from other countries.
4) Norway
Norway has strict regulations on gambling, but still is able to generate large amounts of profits. In 2023, the revenue reached approximately 45 billion NOK, or $4.3 billion USD. Most of this profit comes from the state run operations, as there are only two legal operators within the country. Norsk Tipping handles lotteries, sports betting and games, while Norsk Rikstoto handler horse racing betting.
As gambling is handled by state run organizations, the taxes and profits are used to support community projects. That way, gambling will benefit their society as a whole.
While online gambling is restricted, Norwegian players still use international casinos to enjoy their favourite casino games. This is thanks to a high standard of living, as well as high salaries that allow them to spend on entertainment, including casino games.
5) Singapore
For many casinos fans, they regard Singapore as the Asian Las Vegas. This is thanks to to mega casinos that bring in a huge amount of profit to the country. Marina Bay Sands made a total of $1.77 billion USD in the first half of 2023, and Resorts World Sentosa made $1.1 billion in the same time frame. Overall, the tea resorts have generated $5.25 billion USD in revenue towards the Singapore economy.
While regulations on casinos are strict in the country, these resorts are helping bring in a huge amount of tourism from other countries. This is especially true with Chinese tourists, who are now able to visit again thanks to the reopening of the borders. Because of this, these casinos are expected to continue expanding and generating more profits in the coming years.
Online gambling is very strictly regulated here too, with local online gambling banned. However, international sites are still accessible, and offer casino gaming experiences for players online.
These are five countries with some of the largest casino revenues out there right now. You can see that the casino industry is on the rise currently, with profits expected to continue growing in the coming years.
