From 2013 to 2023, the Gambling Tourism Output in the US shows a general upward trend with some fluctuations. The value in 2023 stands at $58.39 billion. The sector experienced significant growth from 2015 to 2019, averaging CAGR around 3%. However, the COVID-19 pandemic caused a sharp decline of 15.32% in 2020. The recovery in subsequent years displayed robust growth, with a notable 13.19% increase in 2022 and a moderate 1.8% rise in 2023. The average annual growth (CAGR) over the past five years is 1.95%.
Looking ahead, from 2024 to 2028, forecasted data suggests a steady but moderate growth trend with an average annual growth rate (CAGR) of 1.42%, totaling a forecast 5-year growth rate of 7.31%. Future trends to watch for include potential impacts from regulatory changes, technology advancements in gambling and tourism, and shifts in consumer preferences towards experiential travel.
