US personal consumption expenditures on gambling are forecast to grow 2.2 per cent per year through to 2022, according to Gambling: United States, a report recently released by Freedonia Focus Reports.
Spending in real (inflation-adjusted) terms will rise nearly one per cent annually. Advances will stem from expansion in online gambling, as well as increasingly permissive gambling laws that will support consumer participation. Growth in population and disposable personal income will further drive advances.
Personal spending on casino gambling, the leading type, is expected to see healthy increases in both nominal and real terms though to 2022. Gains will stem in part from the continued proliferation of casinos in many states, which will make gambling more locally accessible to consumers.
