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November 10, 2012

Projections of the Gaming Market

Filed under: Casino — Tags: , — OCE News @ 4:41 am

When looking at the various aspects of the American casinos along with the changing trends, many experts can give their opinion. Although the American casinos are very dependent on the country’s economic standings, the country’s economic standings are also very dependent on the casinos. When looking at the casino industry and thinking forward, many people in the industry are very optimistic about the future in all aspects of gaming.
New technology and finding ways to better utilize the Internet may help play a role in gambling but as for now, experts are seeing well into 2015 and making predictions based on current trends. As with any other marketing opportunity, these projections can fluctuate on a constant basis but the outlook seems to look good for the future of casino gambling.
In the United States, casino revenue is on the up rise. It is estimated that the casino gaming industry will see a rise in gross revenue profits of approximately five percent over the next three years. In 2010, the revenues brought in by American casinos stood at $57.5 billion. It is projected to expand to over $73 billion by 2015.
While analyzing the different casinos in the United States, there are a few different regional areas that may do better while other areas do worse. Predictions for Atlantic City, New Jersey are not looking too good according to casino industry experts and followers. In 2011, the industry brought in $3.3 billion in Atlantic City and by 2015, it is projected that the revenue will fall to $2.8 billion. In Las Vegas and in other areas in Nevada that have gambling casinos, the revenue for 2011 was $10.7 billion that year. By 2015, it is anticipated that Nevada casinos will see a decent growth in profits of $13 billion. Regional casinos that are sprinkled across the nation on riverboats or in other areas brought in $18 billion in 2011 and are projected to rake in over $24 billion by 2015. The other casinos, tribal casinos are also projected to do rather well in the future. In 2011, the tribal casinos across the United States totaled a $27.5 billion profit and should anticipate an increase to $33.4 billion by 2015.
When looking at the whole bigger picture, Nevada is considered the casino gaming capital. The jump in the projected revenue from 2011 to 2015 would be around one-fifth of the whole gaming market in the United States. That jump is very critical and ambitious. That is the casino gambling projection as a whole and it could be broken down even further by game. Overall, the outlook for the gambling industry in the United States is looking pretty good. Atlantic City is the only area where it may be flailing a bit but with new marketing campaigns that have been launched in the area, it could at least level out.
While no one can actually forecast the potential that the casino industry has in the next few years, the experts are at least optimistic. It will not make or break the industry but could add for additional changes in the future and the implementation of new technologies that may breakthrough.

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