Expand online and mobile gaming options to underpin revenue gains
The recovery from the decline of the pandemic will boost growth in the short term
CLEVELAND, August 5, 2022 /PRNewswire/ — Nominal U.S. personal consumption expenditure (PCE) on gambling is projected to grow 2.3% annually through 2026, according to Gambling: United States, a report recently published by Freedonia Focus Reports. Expenditure in real terms (adjusted for inflation) is expected to increase by 1.1% per year. Progress will come from rising population and personal disposable income, as well as a continued rebound from pandemic-related declines. Additionally, the COVID-19 pandemic has led to an increase in participation in online forms of gambling. It is likely that this trend will continue to some extent, especially as gaming apps and mobile websites become more prevalent. 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.
U.S. gambling establishment revenues in nominal terms are projected to see annual increases of 3.6% through 2026. local and online sales. In addition, gambling establishments will continue to improve their other service offerings, such as catering, entertainment and accommodation, in order to increase their revenue. However, competitive pressure from other entertainment providers will continue to challenge the industry.
This and other key information is presented in Gambling: United States. This report forecasts through 2022 and 2026 US personal consumption expenditure (PCE) for gambling in nominal and real US dollars (adjusted for inflation). This report also forecasts US gambling establishment revenues in US dollars through 2022 and 2026. Total expenditures in nominal and real terms are segmented in terms of:
- casino
- lottery
- mutual bet
Total revenues are segmented by type of establishment as follows:
- casino hotels
- standalone casinos
- race tracks
- other gaming establishments, such as bingo halls, card rooms, and coin-operated gaming concessions
To illustrate historical trends, total personal consumption expenditure, total income and different segments are provided in annual series from 2011 to 2021.
The scope of this report encompasses companies that derive a significant portion of their revenue from gambling services, including private companies that provide lottery services under contract with public entities. Licensed internet gambling operations are also included. Companies that focus on the operation, maintenance or supply of non-gambling and coin-operated amusement devices are excluded from the scope of this report.
This report includes the results of an exclusive national survey of US consumers (ages 18 and older). This national survey by Freedonia Focus Reports has a sample size of approximately 2,000 people, selected for the quality of responses and representative of the U.S. population on demographic measures of age, gender, geographic region, race/ethnicity, household income and presence/absence of children in the household.
More information on the report is available at:
https://www.freedoniafocusreports.com/Gambling-United-States-FF95040/?progid=91541
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus reports, providing up-to-date, unbiased analysis on a wide variety of markets and industries. Published in 20 to 30 pages, the Focus report’s coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional consumer goods reports can be purchased from Freedonia Focus Reports or MarketResearch.com.
The analysis is intended to guide the busy reader through relevant topics in quick succession, including:
- total historical market size and industry production
- segmentation by products and markets
- identification of market drivers, restraints and key indicators
- outlook segment by segment in 5-year forecasts
- supply base survey
- suggested resources for further study
Press contacts:
Corinne Gangloff
+1 440.842.2400
[email protected]
SOURCE The Freedonia Group
