The gambling industry has been growing steadily in recent years, helped along by loosening restrictions on online gambling in many markets such as using cryptocurrency deposits. This year has been difficult for the industry. Regional casinos were ordered to close due to COVID-19 restrictions. Despite these challenges, gambling has shown steady growth. Many players shifted their activity to online platforms.

However, many people turned to online gambling to get their fix, so in some ways, the gambling dollars simply shifted a bit. Let’s take a look at some of the key trends in the gambling industry.

Statistics about the gambling industry

According to data from Statista, the gambling industry contributes about $137.5 billion to the U.S. economy every year and employs over 730,000 people. Globally, the total gross gaming yield of the gambling market was at $450 billion in 2018, and it was expected to grow to $495 billion in 2019.

Casinos held 25% of the global gambling market. In the U.S., casino gaming revenue reached $79.42 billion in 2018. The global online gambling market was $58.9 billion that same year.

The top casino companies worldwide in 2019, based on revenue, included Las Vegas Sands, MGM Resorts, and Caesars Entertainment. Other major players were Galaxy Entertainment, Wynn Resorts, Meico – Crown Entertainment, Penn National Gaming, SJM Holdings, Boyd Gaming, and Genting.

Trends and forecasts for 2020 and beyond

CalvinAyre looked at the trends and forecasts for the gambling industry in 2020 through 2025. The industry continues to grow despite the pandemic. The rate of return on investments has been quite high. After reaching $495 billion last year, gross gaming yield is expected to rise again this year. This is despite the challenges the industry faces.

According to CalvinAyre, several factors will drive this growth. These include the development of IT technologies worldwide and the growth of developing economies. Additionally, the global population is seeing income increases. Many countries are also easing restrictions on gambling.

In North America, there are more gambling establishments than on any other continent, according to CalvinAyre. This reflects the steady growth in gambling across the region. Three U.S. states have gambling establishments, while three other states have pari-mutuel facilities hosting dog racing, horse racing, or modern racinos which include video poker terminals or slot machines. In all, North America has over 1,000 commercial gambling establishments in the U.S., Mexico, and Canada.

Whether you take an active role in the gambling industry, you’re thinking about investing, or you have some other interest in the industry, the statistics all show it is healthy and growing.