Expanding Online, Mobile Gambling Options to Underlie Revenue Gains

 

US nominal personal consumption expenditures (PCE) on gambling are forecast to rise 2.3% per year through 2026, according to Gambling: United States, a report recently released by Freedonia Focus Reports. Spending in real (inflation-adjusted) terms is expected to rise 1.1% annually. Advances will stem from increases in population and disposable personal income, as well as a continued rebound from pandemic-related declines. Further, the COVID-19 pandemic drove an increase in participation in online forms of gambling. It is likely this trend will continue to some degree, particularly as mobile gambling apps and websites become more pervasive. At the same time, increasingly permissive laws at the federal, state, and local levels will support consumer participation in gambling. However, restrictions are expected to persist in many areas.

US gambling establishment revenues in nominal terms are forecast to see annual increases of 3.6% through 2026. Underlying these advances will be growth in disposable personal income and the increasing availability of local and online gambling outlets. In addition, gambling establishments will continue to enhance their other service offerings, such as dining, entertainment, and lodging, as a means of boosting revenue. However, competitive pressure from other entertainment providers will continue to challenge the industry.

These and other key insights are featured in Gambling: United States. This report forecasts to 2022 and 2026 US personal consumption expenditures (PCE) on gambling in both nominal and real (inflation-adjusted) US dollars. This report also forecasts US revenues for gambling establishments in US dollars to 2022 and 2026. Total spending in nominal and real terms is segmented in terms of:

  • casino
  • lottery
  • pari-mutuel

Total revenues are segmented by establishment type as follows:

  • casino hotels
  • standalone casinos
  • racetracks
  • other gambling establishments, such as bingo parlors, card rooms, and coin-operated gambling concessions

To illustrate historical trends, total personal consumption expenditures, total revenue, and the various segments are provided in annual series from 2011 to 2021.

The scope of this report encompasses firms that derive a significant share of their revenues from gambling services, including private firms that provide lottery services in contract with public entities. Licensed internet gambling operations are also included. Firms that focus on operating, servicing, or supplying coin-operated, non-gambling amusement devices are excluded from the scope of this report.

This report includes the results of a proprietary national online consumer survey of US adults (age 18+). This Freedonia Focus Reports National Survey has a sample size of approximately 2000, screened for response quality, and representative of the US population on the demographic measures of age, gender, geographic region, race/ethnicity, household income, and the presence/absence of children in the household.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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