Insider Monkey
Best Casinos in Each of 30 Biggest Cities in the US
Meerub Anjum
12 min read

In This Article:

In this article, we will look into the best casinos in each of the 30 biggest US cities. If you want to skip our detailed analysis, you can go directly to the 5 Best Casinos in the Biggest Cities in the US.

US Casino Gaming Market: An Analysis

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. The growth can be attributed to the increase in the spending capabilities of customers. 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. Online casino gaming is a major trend in the industry that is contributing to market growth, driven by enhanced security of online platforms.

Segment-wise, the market is categorized into commercial, tribal, i-gaming, and limited stakes. The commercial segment is expected to grow at a substantial rate over the forecasted period. The segment was worth $20.42 billion in 2017. It has grown tremendously since then and is expected to retain its growth over the forecasted period. Commercial casinos offer an enhanced entertainment experience for customers and attract a broader clientele, from VIPs to casual players. The growth of the segment can be attributed to the integration of technology in casino gaming and advances in gaming software.

US Reports Record-Breaking Gaming Revenue in 2022

According to an article by Forbes, published on January 13, 2023, Americans betted a staggering amount of money in 2022. According to the American Gaming Association, the US casino and mobile gaming apps generated a record-breaking revenue of $54.93 billion in 11 months of 2022. The 2022 revenue has surpassed the $53.04 billion record of 2021, by 13.5%. In the US gambling market, slot machines and tables generated the highest revenue of $43.49 billion in 2022. The revenue reported was 6.7% more compared to the revenue in 2021 for the same duration.

New York has emerged as the country's largest sports betting market in 2022. A total of $16.7 billion in revenue was generated through mobile apps in the state, as reported by the New York Gaming Commission. Sportsbook generated a total of $1.4 billion in 2022. The hub of gambling in the country, Nevada surpassed last year's revenue of $13.4 billion by over 10.2%. The state reported that gamblers spent a total of $1 billion each month for 21 consecutive months.

Major Player in the US Casino and Gambling Market

Some of the major players in the US casino and gambling market include MGM Resorts International (NYSE:MGM), DraftKings Inc. (NASDAQ:DKNG), and PENN Entertainment, Inc. (NASDAQ:PENN).

Terms and Privacy Policy
Your Privacy Choices
Utah Privacy Notice

Recommended Stories