The gaming industry is growing every year, and the latest data shows that the sector will reach maximum potential by 2025. The gaming industry includes gambling, Casinos, slots, online casinos, etc.
When we think about the gaming and casino entertainment, Las Vegas and Australia come into the mind. Precisely those two territories, Las Vegas and Australia, were taken into account while learning the past data and making future forecasts for growth.
Australia will have maximum potential by 2025
What’s so special in Australia? Well, this country is very casino-friendly with a legal framework. Let’s start with a historical overview. Australia is one of the first countries that created a gambling-friendly legislation system. Country officials decided to keep up with progress and adapt to every technological development.
Over time, Australia started adapting to online casinos. Lawmakers created the best space for online casinos and gaming platforms. Most of the revenue to the country’s budget comes from online Australian pokies. Those platforms are not dominating locally but also globally.
As we know, Australians are also betting way too much per capita. If we take a look at the money spent in 2018 and the population of Australia, we will understand that statistically, each person spends more than $1 000 per year on gaming platforms.
What countries should learn from Las Vegas?
Las Vegas is the mecca of the casino and gambling industry. The city of Las Vegas has an enormous impact on Nevada’s budget and yearly revenue. According to official data, Las Vegas, along with other cities or states, have paid up to 10 billion dollars as tax. Nevada itself has enormous potential for casino tourism, and state officials use destination Las Vegas entirely.
Las Vegas tourism is now translated into business opportunities. State officials decided to make Las Vegas for everyone and not only for gamblers. As of today, Las Vegas has up to 150 000 hotel rooms, and stat is growing every year by 10%.
At the same time, the Airport of Las Vegas is ranked 8th in the world because of a busy schedule. Also, we should note that the average stay in Las Vegas is around five days.
Australian and US casinos are paying a significant amount of money as taxes. If any country decides to follow the footsteps of Las Vegas, Melbourne, or Sydney, they should treat the gaming sector as the most critical entertainment stuff. Australia and Vegas officials took casino entertainment to another level, and as of now, it’s hard to compete with them.