The gambling industry was hard hit when strict restrictions were imposed on travel and entertainment activities in response to the COVID-19 pandemic. However, the launch of online gambling has helped the industry significantly offset losses caused by the pandemic. Advanced technologies and convenience should help online gambling continue gaining popularity. Gambling revenue hit all-time highs in 2021, driven by digital-realm integrations and an increasing societal inclination toward legalized sports betting.
Along with the growing popularity of online gambling, a potential jump in travel and tourism and rising disposable income should drive a significant increase in the footprint of physical casinos. The American casino industry is currently worth more than $261 billion and provides 1.8 million jobs throughout the country.
