Casino Industry Pre and Post Pandemic
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Before March 2020, people could go out for a night at the casino and enjoy themselves.
There is a lot of pent-up demand for gambling in person. People were able to save money during the pandemic and are eager to spend it at a casino. The COVID-19 vaccine has made people feel safer when travelling and when gambling. 2021 will be one of the best years for the casino industry.
The United States federal ban on sports betting was lifted in 2018. By 2020, sports gambling was legal in 21 states. Popular sportsbetting apps saw an 81% increase in revenue from 2019 to 2020.
Sports and online betting are growing, but they still only make up 15% of gross gaming revenue in the United States. In-person gambling at casinos is still driving the gambling industry's recovery after the slump it endured during the COVID-19 pandemic. Younger gamblers are partially responsible for the recovery of the industry both online and at brick and mortar establishments.
The gambling boom of 2021 managed to break all previously-set records of the industry. Online gambling is here to stay and will likely continue to grow. However, the excitement and atmosphere of being inside a casino will draw us back.
