Gambling Destinations That Have Lost The Most Revenue from Casino Closures

Casinos are the backbone of entertainment economies around the world. Ranging far beyond Las Vegas - Japan, Singapore, and Canada are also home to hundreds of thriving venues that haul in extortionate amounts of revenue. With the gradual roll-out of legal sports betting and commercial gambling, taxes on the industry are now being used to fund essential state-wide education and health programmes across the United States and beyond.
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In 2020, lockdown has had devastating implications for casino cities and states heavily reliant on revenue from gambling. In Macau, China, the industry constitutes 50% of overall annual revenue, and in Japan, gamblers spend over $200 billion annually on pinball machines. To put that into context: that’s 30 times more than the amount spent in casinos across Las Vegas every year. Overall, revenue has plummeted throughout lockdown, and the industry has seen a huge shift to online gambling as an accessible alternative. As such, live dealer casinos online have never been more popular.

This unique study ranks 58 destinations worldwide according to the amount of revenue they lose for every day of state-wide casino closures. The study ranks the top destinations in the United States, the top destinations in the EU, as well as popular destinations such as Canada, Singapore, and Macau to offer a worldwide summary. While US states – most notably Nevada, New Jersey, and Pennsylvania – all rank in the top 10 with the most income lost per day of closure, Great Britain, in 15th place, also loses a staggering $5 million for every single day its casinos are closed.

The following tables reveal the amount of revenue the top gambling destinations lose for every day of closure.

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Methodology

This study aimed to uncover the impact of lockdown on cities and states heavily dependent on revenue from casinos¹. All states in the United States and the EU were included in the study, along with the top five gambling destinations worldwide with the highest revenue. The countries of Czech Republic, Lithuania, Liechtenstein, and the US state Arkansas were omitted due to lack of data.

Each destination’s annual revenue from casinos was obtained from Statistica, The European Casino Association, and PWC, among other reliable sources. To calculate the revenue lost per day of closures, the total annual gambling revenue for each destination was divided by the number of days each destination was under lockdown.

¹ Definition of casino as per study methodology: A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports.

Please note: In some instances, city-names have been chosen in the ranking such as Pachinko market (Japan) as well as Macau (China). This is because all forms of gambling were prohibited in Japan until quite recently, although there were several loopholes that meant certain activities did take place. Pachinko, for example, was not classified as a crime because of cultural and historical significance.

Sources used: Click here to find the full methodology as well as all sources that were used for this study.

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