despite all of the concerns about the cost of living and inflation casinos had a banner year last year the American gaming Association says the industry made 66.5 billion dollars off of people who were trying their luck that's 10% more than in 2022 which was also a record year slots were the most profitable for the industry with $35.5 billion dollar table games were right behind winning more than10 billion from gamblers locally in 202 3 MGM National Harbor Casino was the second highest performin
g Casino in the country outside of Nevada it made $ 896 million and sent 352 million to the state's coffers all of Maryland's casinos racked up a total of $2 billion in Revenue last year sending 848 million to the state part of the just over $1.5 billion dollar total from gaming when you include the lottery Virginia which by the end of the year had three casinos earned some $550 million in fiscal 2023 and a new kit on the Block legalized sports betting also one big for the industry Nationwide sp
orts betting brought in $10.9 billion in Revenue Americans wagered a total of $120 billion on Sports but DC bucked the upward Trend the American gaming Association says DC sports betting Revenue was down by 177% in 20123 from the previous year likely heard in part by DC's troubled sports betting app Gambit which is the district's sole mobile betting platform Derek Ward news4
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Lower income people have the highest rate of gambling. This just tells me that more people are getting poorer and turning to gambling to hit it big. That would also explain why there have been so many huge Powerball jackpots lately.
No gamble. No future.