According to a PriceWaterhouseCoopers study, worldwide legal gambling revenues are set to reach $100 billion by the end of the decade.
Study in LVRJ
It is estimated that Nevada casinos will win almost $16 billion of that total.
Categories: Business of Gaming
Are there any major international centers of gambling, outside the U.S.? It looks like we represent the lion's share of the gambing market.
Macao, China and Singapore are set to be the next huge gambling centers.
There is gambling in Europe and South Africa, even South America.
And don't forget Australia
I saw some of the blurbs in the article ... I guess my more specific question was: Are there any other *cities* which embrace gambling in such a major way?
Macao would be the closest.
If the worldwide market is 100 billion then clearly non-us locations represent the lion's share. Vegas is by far the biggest at 6.8 billion but that leaves 93% of the (decade-end) market unaccounted for...
The UK is significant, especially in bookmaking and with the world's largest betting exchange, Betfair.com. The latter alone generates well over 1 billion in revenues, though I'm not sure how meaningful revenue comparisons are since profit margins vary enormously. State-run lotteries (which are almost always monopolies in Europe though they increasingly face indirect competition from the internet) pay out 50% of revenues and net perhaps 48% (2% covering costs) whereas a place like BetFair has a payout ratio more like 98%...
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