The Chips Are Down: Hotel Casinos to Decline 2.9 Percent
The first event of this year’s World Series of Poker Circuit is just days away at Harrah’s Tunica Casino in Mississippi, yet the fate of the gaming industry is grim according to IBISWorld, the nation’s most respected independent publisher of industry research.
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- Consumer spending at Illinois casinos decline; smoking ban cited
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Interesting gambling facts:
- Legal gambling operations in Washington reported $1.7 billion in net receipts in 2005: 61 percent was reported by tribal casinos, 10 percent came from the state lottery. 2 percent of responders in a February state survey said they placed bets online.
- Gaming is now the States' favorite pastime. More individuals gamble than the combined total of those attending movies, sports, music events, theme parks and live entertainment.
- The most significant forms of illegal gambling in the United States are numbers, betting with bookmakers or bookies, and sports pools or sports cards.
- U.S. News and World Report did a comparison of crime rates in cities with gambling versus those that do not. The crime rates were significantly higher in the places that allowed gambling.
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