“We got to see where that discretionary income goes and where it stays,” adds Bussmann. The worry now is that economic pressures could cut into discretionary spending. “It’s going to continue to percolate and the industry will be in a good position for 2023, regardless of what happens with the economy.” MORE FROM FORBES Will Macau Ever Be The World's Casino Capital Again? By Will Yakowiczīussmann says he expects a small slow down in 2023 due to economic headwinds but he believes the public’s views about gambling have evolved and it’s now seen as a form of entertainment, not a vice. “Not only has the industry bounced back from the pandemic but the industry has expanded,” says Bussmann.

Sportsbooks across the state generated $1.4 billion off those wagers.īrendan Bussmann, the managing partner of B Global, a consulting firm focused on gaming and hospitality, says it’s a good sign that the industry racked up two years of record-setting revenue after getting crushed by the pandemic in 2020. In the Empire State, bettors wagered a total of $16.7 billion through mobile app during the market’s first year in operation, according to the New York State Gaming Commission. New York, meanwhile, has become the country’s largest sports betting market. The Silver State has also been on a remarkable winning streak as gamblers have spent more than $1 billion a month for 21 consecutive months. Through the first 11 months of 2022, casinos in Nevada generated $13.5 billion in gaming revenue, up 10.2% over 2021, according to the Nevada Gaming Control Board.

In Nevada, the country’s epicenter of gambling, the state’s casinos already broke last year’s historic revenue record of $13.4 billion by November.

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