Industry Analysis & Industry Trends
The Casino Hotels industry has been a mixed bag over the past five years as a raft of new casinos have been built in states not traditionally associated with gambling. There have been both winners and losers; however, new competition in surrounding states has been the death knell for casino hotels that have traditionally faced little competition and drawn visitors from out of state. In the coming years, the industry will benefit from an improving economy and the growing societal acceptance of gambling. The industry will continue to diversify away from its traditional stronghold of Nevada and New Jersey to new states that seek casinos for the easy tax revenue stream that gambling provides... purchase to read more
Industry Report - Industry Locations Chapter
Although gambling is legal under US federal law, states are free to regulate or prohibit the practice within its borders. Nevada and Louisiana are the only states where casino gambling is legal statewide. All other states restrict casinos to small geographic areas or to American Indian reservations. For this reason, the industry's geographic distribution is highly depended on state regulations.
Over 50.0% of casino hotels in the United States are located in Nevada, primarily in Las Vegas, and 28.5% of commercial gaming revenue is earned in Nevada, according to the UNLV Center for Gaming Research. Las Vegas is the unofficial home of gaming and typically earns the lion's share of US revenue... purchase to read more