Live casino revenue in the United States is going higher, and it’s driving up the price of casino games.
But the real news is that the casino industry is now a bit more profitable.
Here’s a look at how casino revenue and gaming revenue are growing and falling.
Casino revenue is up and up.
Last year, the United State reported $4.5 billion in casino revenue, up from $4 billion in 2016.
Casino revenues were up 8.6 percent from 2016, and revenue grew 11.7 percent year-over-year.
In 2020, revenue is expected to be $4,921 billion, up 6.7 million from the prior year.
Gaming revenue is down, but up a bit.
In 2018, the gaming industry generated $3.6 billion in revenue, down 2.3 percent from the previous year.
In 2019, it generated $4 million, down 3.2 percent from last year.
But in 2020, the industry generated an additional $2.9 billion, which is the same amount as last year’s increase.
That’s good news for casino players.
Gaming revenues were $2,988 billion in 2018, up $3 billion from the $2 billion increase in 2017.
But there’s also good news.
Casino gaming revenues are forecast to grow by more than $100 million in 2020.
And that’s even with the decline in the real estate market and a drop in gambling revenue.
The total gaming revenue for 2020 is projected to be about $17.7 billion, or roughly $2 a person.
And the total gaming gaming revenue in 2020 is expected for the United Kingdom, $21.5, which will bring total gaming revenues to about $32.2 billion, about $8.2 more than in 2020 alone.
But not everyone is happy with that figure.
“The $16 billion or so [revenue] is not enough to sustain this industry in its current form,” said Robert Gersh, the former chief executive of Las Vegas Sands.
“I would prefer to see casino revenues go up to about a billion dollars a year.”
Some critics of the casino expansion have questioned whether it is worth the increased taxes and other fees.
“This is the largest tax increase in the history of the state of Michigan, and I’m not going to support it,” said Ann Linton, who is president of the Michigan Gaming Association.
“And we’re talking about a very large tax increase.”
Gaming revenue growth in Michigan and Ohio has been slow.
In the last few years, casinos have been expanding, and in 2017, they added about 6,000 slot machines.
But this year, that number has fallen back to about 5,000.
Casino expansion is slowing down in the states that border Michigan.
Michigan is growing the number of slot machines, but they are getting smaller, and they are not generating as much revenue as they used to.
“In some states like Ohio and Michigan, the casinos have grown more slowly than other states, which has been the case in other states,” said Gersi, of the Las Vegas-based Las Vegas Research Group.
In 2017, Michigan had about 1,500 slots, and the state had a revenue of $8 million.
In 2021, it had 1,400 slots, with revenue of about $7.2 million.
“But with the expansion of slot machine and poker machines in the last year, we are seeing a lot more slot machines than we have in the past,” Gers said.
In addition, Ohio has seen a rise in gambling revenues in recent years.
In 2016, Ohio had about $6.2 in casino gaming revenue, and generated about $1.2 per slot.
In this year’s fiscal year, casino revenue was up 9.5 percent to $3,857 million.
That is a more than 40 percent increase, with the increase coming even though slot machine revenue has fallen by nearly half since the recession.
But some critics of casino expansion say it is not fair.
“It is a money grab, and if it is to be financed by tax increases, then it’s time for the governor to get out of the way,” said James C. Condon, an attorney with the Michigan Campaign for Government Accountability.
“We have a lot of state employees that are making millions in the casinos, and that money is being used to fund public education, public infrastructure, social programs.
We don’t want that money being spent on gambling.”
And, of course, casinos can be a lot less fun than they used the years before the recession, and gambling revenue is still going up.
“If you look at the casino numbers, the revenue has been up.
But it’s going up at a slower rate than before the Great Recession,” said Michael V. Katz, the chief executive officer of the Gaming Association of America.
“Gambling has been a major driver of our economy for decades.
But we’re seeing that decline now.”