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Internet wagering is the industrys top performer

Discussion in 'Casino Industry Discussion' started by Ian_go, Dec 6, 2006.

    Dec 6, 2006
  1. Ian_go

    Ian_go Dormant account

    keeping the peace
    (sorry for the screwy subject line, getting it fixed now - Ian)

    Internet wagering has emerged as the gambling industry’s top performer according to a report by Christiansen Capital Advisors. Compiled for International Gaming & Wagering Business, the report showed that Americans gambled away $83.6 billion dollars in 2005, up 6.1 percent over the previous year. In fact, if legalized gambling revenues were combined then they would rank as the nation’s 11th-richest company. But some sectors of the U.S. gambling economy are doing better than others. Commercial and tribal casino revenues increased 6.8 percent combined on last year to $53.5 billion. This represents close to 65 percent of the U.S. total gambling expenditure. Lottery revenues increased 5.79 percent to $22.8 billion. While traditional lottery games such as scratch tickets grew by 4.8 percent, revenues from video lottery terminals grew by a substantial 11.8 percent.

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    Last edited: Dec 6, 2006

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