US Reports Record-Breaking Gaming Revenue in 2022Īccording to an article by Forbes, published on January 13, 2023, Americans betted a staggering amount of money in 2022. The growth of the segment can be attributed to the integration of technology in casino gaming and advances in gaming software. Commercial casinos offer an enhanced entertainment experience for customers and attract a broader clientele, from VIPs to casual players. It has grown tremendously since then and is expected to retain its growth over the forecasted period.

The segment was worth $20.42 billion in 2017. The commercial segment is expected to grow at a substantial rate over the forecasted period. Segment-wise, the market is categorized into commercial, tribal, i-gaming, and limited stakes.

Online casino gaming is a major trend in the industry that is contributing to market growth, driven by enhanced security of online platforms. Another major factor fueling the growth in the market is the rise in dual-income households, leading to higher per capita disposable income, and hence increasing the affordability of luxury items. The growth can be attributed to the increase in the spending capabilities of customers. According to a report by Technavio, the US casino market is expected to grow by $11.42 billion at a CAGR of 4% from 2023 to 2027.

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