| | |  | Last Updated: Tuesday, June 19, 2007 |  | | | The Future of American Gambling
- Monday, 26 Jun 2006
The predictions about the future of gambling in the United States range from extreme doomsday-ists who guarantee that gambling will be eradicated from the country within a year, to extreme optimists who claim that gambling will increase at a rate of 50% annually. Somewhere between these two poles, you have established companies such as PricewaterhouseCoopers who predict that the future of the industry in the United States looks promising and is expected to rise at a steady rate each year.
PricewaterhouseCoopers recently put out a report regarding the future gambling trends in the world. While Asia was at the top of the list, with an expected rise of 14% each year, the United States’ position did not look bad at all, to say the least. Gambling in the U.S. is expected to rise by approximately 7% annually and is still considered the biggest gambling market in the world. The company predicts that, translated into numbers, this means that numbers will increase from $53.4-billion last year, to $74.5-billion by 2010.
The main contributors to this growth in American gambling are from various segments of the market. Nevada has invested millions of dollars in new gambling casinos and this is expected to make a strong impact on the industry. Other contributors, such as tribal casinos and slot parlors also shape the market and ensure that the future of American gambling looks rosy.
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