Casino tourism has proven very useful for economies around the world. It can truly provide a healthy economic injection to any major city and area.
But how does casino tourism successfully boost an area’s economy? And how much does it contribute to it?
This article will focus on the American economy and the impact of casino tourism on the country’s finances. However, before diving straight into an analysis of the economic benefits of casino tourism, it is important to define what casino tourism actually is.
What is casino tourism?
Casino tourism is a form of tourism similar to food tourism or cultural tourism. It means that visitors are traveling to a place with the intention of taking part in a specific type of activity.
For example, with cultural tourism, visitors will be motivated by the idea of learning, visiting heritage sites, and experiencing the local culture. Cultural activities will be at the core of their visit and will influence the travel destination they select.
With casino tourism, tourists will look to visit areas or cities where casino activities are legal and therefore common and accessible.
One of the most famous cities in the world for casino tourism is Las Vegas with its famous gambling venues, excellent casino activities and entertaining gaming events.
Why is casino tourism on the rise?
Casino tourism is on the rise with more tourists choosing destinations based on their casino activities. But why are individuals choosing this type of tourism?
Here are some of the top reasons behind the popularity of this form of tourism.
- Meeting other people who share similar interests.
Gamers who love or are interested in casino activities are enjoying meeting other people with similar interests abroad. By choosing a destination based on their personal interests, visitors end up meeting other individuals with similar hobbies and passions.
They sometimes form lifetime relationships and friendships with individuals they met abroad who also chose casino tourism.
- Casino activities, travel, and other activities
Casino tourism does not necessarily exclude other forms of tourism. That means that tourists who travel to one place for its casino activities can also take that opportunity to visit cultural sites nearby or take part in some food tourism.
These different types of tourism are not mutually exclusive.
This is one of the main reasons behind the success of casino tourism. It allows individuals to merge travel and hobbies.
Cities like Las Vegas, understand this aspect of casino tourism.
Many hotels include world-renowned casinos, spas and Michelin-starred restaurants. They also offer guided tours, in-venue concerts by famous musicians who are completing their residency at the hotel…
These activities are meant to appeal to all types of tourists so that individuals who come for casino tourism can bring their family and friends who are interested in food tourism, cultural tourism, and more.
- A range of gaming activities to choose from
One of the biggest reasons behind the popularity of casino tourism is the growing success of gaming activities. The gaming industry is growing year after year and conquering new markets very quickly.
This growth has led new players to try out games like poker, blackjack, slots and roulette. The majority of gamers are discovering these games online and playing on their mobile devices.
However, many of them are now looking to have a land-based casino experience. This is one of the main reasons behind the growth of casino tourism.
How much does casino tourism provide to the American economy?
As explained above, casino tourism is on the rise. This means that more visitors are coming to regions of the U.S where gambling is legal.
Some of the most popular places for tourists interested in casino tourism to visit are:
- Las Vegas
- Atlantic City
Those visiting or living in the U.S who are interested in casino tourism should visit the cities listed above.
As for the impact that casino tourism has had on the economy. Here are some of its main consequences:
- casino tourism has created thousands of jobs in the country.
- casino tourism has attracted both local and foreign investors.
- casino tourism is bringing in millions of dollars each year to the country through taxes.
But how much has casino tourism actually brought in? Well, according to Future Market Insights, casino tourism market brought in about $23,655 million dollars in 2022.
It is estimated to grow over the next decade and bring in $33,047 million dollars in 2032.
In other words, casino tourism brings in millions of dollars each year.
This article began by defining casino tourism before exploring some of the reasons behind the growing popularity of this type of tourism.
Then, the article discussed the impact that casino tourism has on the American economy and concluded that this type of tourism is very financially beneficial for the country as it brings in millions of dollars each year.
This type of tourism is also expected to grow over the coming years.