‘Appetite’ for gambling growing despite worries about inflation
Commercial casinos won $15.17 billion from gamblers in July, August and September this year. The previous record was $14.81 billion set in the second quarter of this years. Land-based slots and table games generated a record $12.27 billion in third quarter. Sports betting also set a quarterly revenue record of $1.68 billion. The industry is on track to have its best year ever in 2022. Seven new sports betting markets were added since Sept. 2021. David Schwartz, a gambling historian at the University of Nevada Las Vegas, says people are still willing to lay their money down at casinos.
‘Appetite’ for gambling growing despite worries about inflation.