Almost Every State Legalising Casinos while Casino Tourism Generating Employment will Uplift the U.S. Casino Tourism Market: Future Market Insights, Inc. Study

Accesswire

25 October 2022

NEWARK, DE / ACCESSWIRE / October 25, 2022 / The U.S. Casino Tourism Market is estimated to reach US$ 23,655 Mn in 2022. As per the report, sales are forecast to increase at a robust 3.4% CAGR, with the market valuation reaching US$ 33,047 Mn by 2032.

From 1931 until 1978, all states in the US except for Nevada outlawed casino gambling. From 1978 to 1989, only Nevada and New Jersey allowed it. But by the late 1990s, there were more than 25 states that offered casinos. Casinos of all kinds, including those on riverboats, in former mining towns, in urban and suburban areas, and on Indian Territory, were legal.

The manner that casino games are provided in the United States vary greatly. There are just two places in the world that have true "full service" destination resort casino hotel entertainment centres: Nevada and Atlantic City, New Jersey. By the end of the 1990s, 3,000 hotel rooms or more were required for such resorts in Las Vegas, in addition to having distinctive-and frequently spectacular-architecture, extensive entertainment options, indoor and outdoor recreational opportunities, extensive dining and shopping options, and, of course, "state of the art" gaming options.

Over time, Las Vegas' casinos continued to grow and established themselves as popular getaways for public figures and the privileged. At the beginning of the twenty-first century, the majority of hotels had enlarged their room capacity and added upscale dining and shopping options in order to handle the steady stream of guests.

To take advantage of the exceptional earnings, other states eventually copied Mississippi, New York, Illinois, and Illinois. Today, the gaming industry has expanded tremendously to become one of the top income generators in the USA.

"Las Vegas being the prime location of gambling throughout the world which offers multiple activities along with casinos will lead the U.S. Casino Tourism Market to greater heights" Says an FMI analyst.

Key Takeaways:

Based on Game type, American Roulette is predicted to account for a dominant share of Gamblers in the market through 2032.
In terms of age group, demand in the age group 35-50 years will continue gaining traction through 2032.
Nearly 35 million tourist visit U.S. for casinos every year.
Based on type of tourist, International tourists will continue to grow in the forecasted period.

Impact of COVID-19

In March 2020, the COVID-19 epidemic forced the closure of every casino in the United States, preventing an estimated 616,000 casino workers from going to work. The ensuing two-month shutdown of the gambling sector had a direct impact on 564 gaming communities across the nation and resulted in a loss of $105 billion in economic activity and more than $2 billion in lost gaming taxes alone for the states.

By the end of 2020, COVID-related closures had cost U.S. commercial casinos a total of 45,600 business days, or 27% of the year. The sector also experienced a 31% drop in revenue from 2019. Since 2021, the resurgence of gaming has been rising, with revenue from commercial gaming in the first quarter of 2021 matching its all-time high.

Who is winning?

Leading players in U.S. Casino Tourism Market are Casino Gold Tours, Casinota, Preferred Casino Tours, Travel Leaders, Grueninger Travel, Reney Tours, Bob Kelly Tours, Island Resort and Casino, Turning Stone, Star Casino, Casinos of Winnipeg, Tour Radar among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the U.S. Casino Tourism Market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on U.S. Casino Tourism Market by Game Type (3 Card Poker, American Roulette, Blackjack, Casino Stud Poker, Dice, Punto Banco, and Others) Casino Type (Commercial, Tribal, Limited Stakes, and I-gaming) End Users (Gambling Enthusiasts, Social Exuberant, Dabblers, Lottery Loyalists, Unengaged Audience) Age Group (18-25 Years, 25-35 Years, 35-50 Years, 50-65 Years and 65 Years and Above) Tourist Type (Domestic and International) Consumer Orientation (Men and Women) Tour Type (Independent Traveller, Package Traveller and Tour Group) - Forecast to 2022 - 2032.

Table of Content

1. Executive Summary

1.1. US Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations

2. Market Introduction

2.1. Total Spending (US$ Mn) and Forecast (2022-2032)
2.2. Number of Travelers (Mn) and Forecast (2022-2032)
2.3. Total Spending Y-o-Y Growth Projections (2022-2032)
2.4. Number of Travelers Y-o-Y Growth Projections

3. Global Tourism Industry Analysis

3.1. Tourism Industry Overview
3.1.1. Travel & Tourism Industry Contribution To Global GDP
3.1.1.1. Business Spending v/s Leisure Spending
3.1.1.2. Domestic v/s Foreign
3.1.1.3. Direct, Indirect, and Induced
3.1.2. Travel Sector Contribution To Global Overall Employment
3.1.3. Travel & Tourism Growth Rate

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