But casino gambling spending growth is more robust. High inflation in recent years through 2023 hasn’t stopped two decades of fairly steady growth in spending on lottery and casino gambling, except for a sharp dip for casinos at the height of the pandemic restrictions. Altogether, these trends hint at deeper insights into what drives gambling behaviors, and casino gaming and the lottery have different qualities that help explain why playing the lotto doesn’t capture nearly as much of gamblers’ money.ĪTS.io used Bureau of Economic Analysis spending data to capture the differences in gambling patterns among American casino-goers and lottery participants. Part of the overall growth is attributable to the rise in these new forms of gambling, including casino-operated mobile gambling applications and lottery-based electronic skill games that resemble slot machines. Internet gaming also took off in 2023 in the states where the practice is legal. By late 2023, people could bet on sports online and/or at retail locations in about three-quarters of all states. Spending on sports betting continued to grow at a record-breaking pace in 2023 as more states legalized it after the U.S.

What’s more, sports fans have embraced betting outlets promoted in inescapable TV ads featuring big-name actors and athletes.

People are getting out to casinos to bet more money alongside other gamblers on slot machines, poker, and other games.

How much money does casinos make