In the United States, 2011 saw an increased in the amount of money spent on gambling. It turns out to have been the first year in quite some time that the country’s gambling market saw an overall increase in revenue.
Nevada saw a large increase over the course of 2011 with a 2.8% rise to $10.7 billion. Las Vegas, the country’s gambling capital, finally saw a resurgence last year, as American residents showed up in droves to resume their gambling activities in the City of Sin. In previous years, the city suffered as a result of the global recession – but Las Vegas is finally getting back on its feet.
However, Nevada’s increase in revenue is nowhere near as profitable as Pennsylvania’s. The state saw a rise of over 20% over the course of the year bringing its revenue up to $3 billion. While this isn’t the state that normally springs to mind when you think of gambling in America, it has turned out of be one of the fastest growing markets in the country.
New Jersey, on the other hand, is known for its gambling market. However, the state saw a decrease over the course of the past year. Revenue fell by over 6% to $3.3 billion. The state is now looking at new ways to improve its bottom line, including online gambling and land-based casino expansions.