US casinos set new record of revenue on 2022

[Fortify]

Gambling is getting more popular, just at the US casinos produced almost 55 billion dollars in revenue during 2022, an amount which surpassed the previous record that was established last year, and since any trend going on the US is most likely taking place all over the world it seems safe to assume the same is happening at many other countries.

Have you noticed this as well where you live? Are cryptocurrency casinos experimenting the same kind of boom as fiat casinos?

From what I recall, betting used to be more more restricted across the USA until relatively recently when a lot of laws were relaxed and different states started competing to host these sort of companies. It's similar to cannabis laws in that way, there has been a surprising relaxation of the rules and there is a lot of money in taxes to be raised for the most accommodating local governments. It might hit a point where there is a bit of pushback but it seems like politicians and supreme court judges are concentrating on all the wrong things lately. Either way it looks like this trend will continue for a while and these US companies are likely going to start hoovering up overseas companies at some point with these huge funds available.

[Lanatsa]

Gambling is getting more popular, just at the US casinos produced almost 55 billion dollars in revenue during 2022, an amount which surpassed the previous record that was established last year, and since any trend going on the US is most likely taking place all over the world it seems safe to assume the same is happening at many other countries.

Have you noticed this as well where you live? Are cryptocurrency casinos experimenting the same kind of boom as fiat casinos?

Source: https://www.forbes.com/sites/willyakowicz/2023/01/13/us-set-gambling-record-in-2022-with-more-than-549-billion-in-revenue/

Gambling industry is no doubt one of the most progressive when it comes to development and increasing numbers year by year.On the time that it does have some significant decline is into that time where pandemic

happened.We aren't that blind not to see up on industries which had been mainly affected into those time but now that we are going back to normal then its no surprise that  gambling industry is coping up and now
breaking up some records.Same as goes on other industries as well on which it is really that progressing when it comes to revenue or something related to this.
Its no surprise actually when it comes to this matter.Speaking about places here on my country specially casinos then people are starting up to play there
when health protocols arent really that strict anymore.

[STT]

I wonder if there is any study on this matter, the relation between inflation and casino revenue. Anyways, thanks for bringing this up.

Inflation can be simply said to be the expansion of the monetary base which has certainly happened.   Any industry or company which does not see growth in its figures during that time is losing ground and value its quite certain to say.  I would hope to see 10% growth during the recent high inflation but it was required anyway as we know there are just more dollars available to circulate globally now.   BTC is a different dynamic but overall there are more people able and willing to trade and use BTC for gambling etc.

[crzy]

There’s also a surge to gambling adoption in my country, you can see a lot of advertisements online and especially in social media platform, I guess if they are true to their numbers they probably made a lot of profit last year as well. Gambling becomes more accessible online for both fiat and crypto, and if this market continues to grow probably the gambling industry will also grow more.

[usekevin]

Casino was popular among all the countries.In America the people are mostly had huge funds to use for their entertainment.It may be the foremost reason for the development of more casino based websites their.This record will be the impact of the complete development casino project to the United States.The foremost part of this one is the people play the casino for their entertainment.Instead of using it to earn money.Mostly the entertainment game must be view as Commercial entertainment platform.Some people use this as the Earning tool and create some wrong tactics and loss their all money again and again.The gambling websites become a more popular one after the uplifting the crypto currency to the people.Many crypto traders use their money to inverse in the gambling and their ultimate aim to do multiple of their crypto currency using the gambling and casino.

[FanEagle]

I think it's safe to say with crypto having/experiencing the same thing but with a lesser amount of audience I reckon since it's being limited by it's medium (crypto), but in general, it should be the same imo. Heck, it may have even offset some of its limits by most (if not all) crypto casinos being online, which is easily accessible by a lot of users. Crypto isn't as hard to get into as well compared to the past so really, the limit I said earlier could be called non-existent at this point (or in the near future).

I guess the promotions that casinos has had in the past year of being free (mostly) from the lockdown proved to be rather effective, and people are being more lax with how they spend money (regardless of the current economic situation I guess).

I can feel that crypto casinos are making more than that because cryptos have fewer restrictions due to their decentralized state. Being that said, cryptos have more audiences than the fiat casinos. The lockdowns or the pandemic rather have helped a lot for the online business to grow big and one of the most successful is the online gambling.

Now that there are no lockdowns anymore, I think it's expected that the revenue of the online casinos will now decline by some percent as people are now back on their good old routine. They are now busy and need to allocate money on a much important things than in gambling. It's not totally a sad news though.