US Gambling keeps on rising.
December 18th, 2006
Americans gambled more money last year than ever before.
In 2005, wagering in the U.S. topped $83.6 billion dollars, a 6.1 percent over 2004, according to an industry report.
Some sectors of the gambling economy are doing better than others …
Commercial and tribal casino revenues rose a combined 6.8% last year to $53.5 billion, almost 64% of the nation’s total gambling dollars. While commercial gambling was up a modest 4%, the still-expanding tribal casino industry grew 11.4% to $21.6 billion.
Lottery revenues increased 5.79 percent to $22.8 billion. While traditional lottery games such as scratch-off tickets grew 4.8%, revenues from video lottery terminals grew 11.8%.
Legal bookmaking, card rooms and charitable bingo revenues grew a combined 1.9 percent to $1.5 billion. Books and card rooms, pushed by the growing popularity of live poker, each enjoyed double-digit growth. Bingo revenues declined 3.1%, to $825 million.
Internet gambling emerged as the industry’s top performer with 42.2% growth, with $5.9 billion taken from American cyber-gamblers last year.
Entry Filed under: Bookie News & Bonuses,General Banter,Sports Betting,Sports News & Results
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