The Gross Value Added (GVA) of gambling and betting activities in the US saw some fluctuations from 2013 to 2023. Starting at $20.03 billion in 2013, it displayed mixed year-on-year variations. Significant dips were noted in 2017 and especially in 2020, the latter likely due to the pandemic. An impressive rebound occurred in 2021 with a 44.78% growth. By 2023, the GVA stood at $21.16 billion, reflecting a modest 4.11% growth from 2022, with a 1.59% five-year CAGR, hinting at moderate recovery post-pandemic.
Looking ahead, the forecasted GVA values point to a steady increase, with a projected 5.94% growth over the next five years and a 1.16% forecasted CAGR by 2028. Key future trends to watch for include the expansion of online gambling, changes in regulatory frameworks, and the influence of emerging technologies such as blockchain and virtual reality on the betting landscape.
