The United States Casino Market - 1043 Words

The United States casino market is constantly growing. With over 1,511 casinos in the United States the total revenue brought in was over 73 billion dollars. The top 3 areas with the most gaming revenue were the Las Vegas Strip (6.207Bil), Atlantic City (3.052Bil), and Chicagoland (2.243Bil). The market grew up by 15 billion dollars between the years of 2012-2015 (statistica.com). In the future the market alone is expected to grow at a CAGR (Compound Annual Growth Rate) of 5% from the years 2016-2020 in the United States (businesswire.com). Over 350,000 jobs are offered by Casinos in the United States. Regardless of the amount of jobs offered, the industry has both pros and cons to the way it operates. The money to build casino often comes†¦show more content†¦Broken down It follows as 34% goes to the state tax, 4% goes to the local share assessment, 5% economic and tourism fund, and 12% race horse development fund. Casinos tend to bring in the wrong crowd to towns that surround it and affect its social costs and benefits. Inside of a casino is a very social entertaining area. â€Å"There are many harsh lessons to be learned from the gambling experience, but the harshest one of all is the difference between having Fun and being Smart.† Hunter S. Thompson. The Casinos will always win, even if a person is to win millions. It provides an inside look into Slot machines, card tables, alcohol and greed all accompany the inside of the buildings. A trip to a casino could cause a person to become addicted to gambling and even worse, become an alcoholic from the amount of time they spend inside of it. An example would be to look at the city of Las Vegas and will show how too many casinos have affected the city. The gross gaming revenue recorded in the city in the year of 2012 was 6.2 billion. Once considered the casino capital of the world, most recently the revenue calculated from 2014-1015 had de creased by 1.4% (reviewjournal.com). The loss may seem disturbing and fretful but in all actuality it is not harming to the casino industry but is very worrisome. Many travel from all over the world travel to Nevada not only for the scenery, but for the dream of making it rich. The nickname for the city of Las VegasShow MoreRelatedOnline Gambling Enforcement Act Of 20061203 Words   |  5 Pages Back in 1996, the explosion of online casino gambling swept the world. The United States had been a large part of this, and many gamblers had turned to online casinos for all of their gaming. For many years, these casinos continued to be played unabated. Unfortunately, back in 2006, legislation was passed that made it slightly difficult for online casinos to continue to operate. 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