The number of visitors to casinos is one measure of a gambling industry’s success. This article will cover the numbers behind the casino revenue in Europe, the Asia Pacific region, and the United States. While we won’t get into the details of Macau’s revenue, we’ll look at the figures for the United States and Europe. To get a general idea, casino revenue is worth $261 billion globally, but the US alone has the highest number of visitors per capita.
Table of Contents
Macau’s casino revenue
The local government has spent years trying to convince gaming resort operators to invest in non-gambling activities, but the revenue from gambling is far higher than from any other activity. New rules for casinos propose the appointment of government representatives to the boards of the casinos, who would “supervise” operations. While these measures are unlikely to have a material impact on the gambling sector, they may affect the business model of gaming resorts and betting sites not on gamstop.
During the month of October, gaming revenues at the Macau casinos plunged 40% from a year earlier. This was significantly below analysts’ estimates of a 2% rise. The drop was not enough to stem the decline. In February, March, and April, the gaming revenues declined by a total of 68%. In October, gaming revenues fell even more, by more than 80 percent from pre-pandemic levels.
Asia Pacific region’s casino revenue
The Asia Pacific region comprises six states in East Asia and eleven in Southeast Asia. The gaming industry has diversified significantly in the past two decades, with Southeast Asia playing a key role in the global casino industry. While the region has suffered from the global financial crisis, the growth of technology and new media have helped the region overcome its challenges and become a global cultural capital. There are several reasons for this development.
The Asian market has experienced many challenges. In the past decade, it has attracted more visitors from non-Western countries such as China. In China, the casino industry has grown rapidly since the city-state liberalized its industry in 2002. Since then, casinos have expanded rapidly throughout Southeast Asia and Northeast Asia. However, the emergence of Asian casinos has also led to a rise in crime and disorder in the region.
Europe’s casino revenue
The growth of online gambling is expected to contribute to the overall growth in Europe’s casino revenue. This industry is expected to account for 41% of the gambling industry in the near future. A few years ago, online gambling was deemed oversaturated in Europe. But, it has continued to grow in traditionally rich regions. In the coming years, it is expected to surpass traditional gambling by almost 10%. The infographic below shows how the European market will look in 2021.
As of 2019, gambling revenue in Germany was 14.3 billion euros. This figure is expected to increase to 3.3 billion euros by 2024. In the first half of 2020, the German government approved gambling regulations that legalized online casinos and poker. The regulations go into effect on July 1st. online casino operators can now provide poker, slots, and sports betting to German players. And with these regulations, Europe is on its way to becoming a global leader in the online gambling industry.
United States casino revenue
According to a recent study, the United States’ casino revenue increased by 22 percent in the second quarter of 2021. In fact, 22 out of 25 states currently have casinos, and 19 of them recorded more revenue in the first half of 2021 than in the same period last year. Nevada topped the list with $3.46 billion in gambling revenue, followed by Pennsylvania and New Jersey, each bringing in $1.11 billion.
The COVID19 pandemic has greatly affected the United States’ online gambling market. Several consumers have been forced to save their money in order to meet basic needs, affecting the money supply chain and economic growth rate. Meanwhile, the global economic crisis has affected many other sectors, including the casino industry. The latest report from Global Industry Analysts Inc. provides fresh perspectives on the opportunities in the post-COVID-19 marketplace.