Future Market Insights, Inc. study

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NEWARK, DE /ACCESSWIRE/October 25, 2022/ The US casino tourism market is estimated to reach US$23,655 million in 2022. According to the report, sales are expected to increase at a steady pace 3.4% CAGRthe stock market valuation reaching US$33,047 million by 2032.

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

The way casino games are provided in the United States varies widely. There are only two places in the world that have true “full-service” entertainment centers: Nevada and Atlantic City, New Jersey. By the late 1990s, 3,000 or more hotel rooms were needed for these resorts in Las Vegas, in addition to having distinctive and often spectacular architecture, numerous entertainment options, indoor recreation opportunities and outdoor spaces, plenty of dining and shopping options, and, of course, “state-of-the-art” gaming options.

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Over time, Las Vegas casinos continued to grow and established themselves as popular getaways for public figures and the privileged. By the turn of the 21st century, the majority of hotels had expanded their accommodation capacity and added upscale dining and shopping options to handle the constant flow of guests.

To take advantage of windfall gains, other states eventually copied Mississippi, New York, Illinois, and Illinois. Today, the gaming industry has grown tremendously to become one of the top revenue generators in the United States.

“Las Vegas being the hotspot for gambling in the world, which offers multiple activities as well as casinos, will drive the US casino tourism market to greater heights,” says an IMF analyst.

Key points to remember:

  • Based on game type, American Roulette is expected to represent a dominant share of players in the market through 2032.
  • In terms of age bracket, demand in the 35-50 age bracket will continue to gain momentum until 2032.
  • Nearly 35 million tourists visit the United States for the casinos each year.
  • According to the type of tourists, international tourists will continue to grow during the forecast period.

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Impact of COVID-19

In March 2020, the COVID-19 outbreak forced the closure of all casinos in the United States, preventing approximately 616,000 casino employees from going to work. The two-month shutdown of the gambling industry that followed directly impacted 564 gaming communities across the country and resulted in a loss of $105 billion in economic activity and more than $2 billion lost gambling taxes for states alone.

By the end of 2020, COVID-related shutdowns had cost U.S. commercial casinos a total of 45,600 business days, or 27% of the year. The industry also saw a 31% decline in revenue compared to 2019. Since 2021, the gaming resurgence has been on the rise, with commercial gaming revenue in the first quarter of 2021 hitting an all-time high.

Who wins?

The major players in the US 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 US casino tourism market, showcasing historical demand data (2017-2021) and forecast statistics for the period 2022-2032. The study discloses compelling insights into the US 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 exuberants, lottery goers, unengaged audience) Age group (18-25, 25-35, 35-50, 50-65 and 65+) Tourist Type (Domestic and International) Consumer Orientation (Men and Women) Tour Type (Independent Traveler, Package Traveler and Tour Group) – Forecast to 2022 – 2032.

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Contents

1. Summary

1.1. US Market Outlook
1.1.1. Who travels?
1.1.2. How much are they spending?
1.1.3. Direct contribution of tourism to GDP
1.1.4. Direct contribution of tourism to employment
1.2. Analysis of the evolution of tourism
1.3. MFI analysis and recommendations

2. Presentation of the market

2.1. Total expenditure (millions of US dollars) and forecast (2022-2032)
2.2. Number of travelers (Mn) and forecast (2022-2032)
2.3. Projected annual growth in total expenditure (2022-2032)
2.4. Projected annual growth in the number of travelers

3. Global Tourism Industry Analysis

3.1. Overview of the tourism industry
3.1.1. Contribution of travel and tourism industry to global GDP
3.1.1.1. Professional expenses vs leisure expenses
3.1.1.2. Domestic vs Foreign
3.1.1.3. Direct, indirect and induced
3.1.2. Contribution of the travel sector to overall global employment
3.1.3. Travel and tourism growth rate

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