Gambling Revenue on the Rise

Revenue from the world wide casino gambling industry is expected to rise from $82.2 billion in 2005 to $125 billion by 2010, an 8.8 percent annual rise. The new estimate released this week by consultant PricewaterhouseCoopers LLP, is an in depth estimate into the strength of the global casino gambling industry.

As new casinos open in the Chinese area of Macau, other Asian and Asia Pacific countries are adding new casinos in Singapore and other areas to compete for the rising population of gamblers and gambling tourists. The region will grow faster than any other casino gambling region, at 14 percent annual growth and surpassing revenue from Europe, the Middle East and Africa combined by 2010. The estimate claims that in the next five years the regions annual gambling revenue will hit $23 billion.

However the largest casino gambling region in the world is predicted to remain strong. The United States is predicted to see a gambling revenue rise of 6.9 percent each year, from $53.4 billion last year to $74.5 billion in 2010.

Although the region will be missing out on revenue from online casino gambling, there are billions of dollars being invested into new casinos across the nation. In Nevada alone the states casino gambling revenue is expected to jump 8.2 percent annually, from $11.7 billion in 2005 to $17.3 billion in 2010. This predicted growth will bring Nevada from 21 percent on the countries total gambling revenue, to 23 percent of the total US market.

Native American Tribal casinos are also seeing an increase of their place in the US casino gambling market, from 42 percent to 43 percent. Last year tribal casinos brought in $22.7 billion, and the survey predicted the revenues to total $32.5 billion by 2010.

Atlantic City, New Jersey, the United State's second largest gambling city, is expected to see a smaller rise in revenue, from $5 billion last year to only $5.8 billion in 2010. As slots parlors and casinos open in nearby states, the cities casino gambling revenues are expected to move from 9 percent of the total US market, to only 7 percent.

The biggest move in the market will undoubtedly be the online casino gambling industry, where revenue from online bets are expected to double in the next five years from $5.1 billion to $11.4 billion. The online casino industry is seeing thousands of new customers each day, and as more countries continue to legalize online casino gambling, the industry is only predicted to get stronger.