Gambling is something that many people try at least once in their life, and many use gambling as a regular, fun activity to do with friends. For the most extreme out there, gambling can become an addiction that takes over a big part of their lives. It is important for individuals to find what type of gambling is too much for them, and then stick with it. That being said, a little bit of gambling here and there can be a fun way to let off steam and have a great time with friends.
Gambling is also a great way for companies to make money. Not only do companies make a lot of revenue off of gamblers, but state governments, in turn, can make a killing off of the taxes placed on casinos and lotteries. This revenue helps pay for school, roads, and other tax-related items. The casinos built in cities can also help bring in a whole slew of new tourists and visitors, making gambling establishments a boon to the tourism market.
There are cities out there that are undoubtedly associated with gambling. No one can think of Las Vegas without thinking of all of the bright lights and casinos. Many different factors can come into play in determining what makes a city a gambling haven. The number of casinos in the area is a major factor, as is proximity to people who are in the need of these casinos. As well, advertising and the association of gambling with a city can play into these revenues. Here is a list of the most profitable casino markets in America, and some of the reasons why they are so profitable.
10 #1: Las Vegas Strip, Nevada
9 #2: Atlantic City, New Jersey
8 #3: Chicago, Illinois
7 #4: Detroit, Michigan
Even though a major part of the economy is taking a downturn in Detroit, it looks like the gaming market is still thriving. The fall of the auto industry has really taken a toll on the city of Detroit lately. The casino options in Detroit can serve as a temporary relief from some of this pain and agony that these individuals have to go through on a daily basis.
6 #5: Connecticut
Connecticut has a large casino market that is largely fueled by travelers from surrounding states such as New York, Rhode Island, and Massachusetts. This state has many different casinos to choose from, and is close enough to New York that a very fun series of events can be planned for a vacation or weekend trip.
5 #6: Philadelphia, Pennsylvania
Philadelphia is a historic town that many love to come and visit. Many may not know, but it is a great place for gambling as well. Philadelphia is home to some high class casinos, like the Harrah, Parx Casino, and Sugar House Casino. Philadelphia is also home to some of the greatest horse races as well. These race tracks in Philadelphia account for many of the gambling revenues in Philadelphia.
4 #7: St. Louis, Missouri
St Louis is a very vibrant city with an amazing economy. A large part of that economy is based on the casinos in Missouri. Many big employers keep the city alive, leaving employees searching for fun things to do on their time off.
3 #8: Gulf Coast, Mississippi
The Gulf Coast in Mississippi was heavily damaged by Hurricane Katrina, but this didn't keep the casinos from continuing to thrive. As soon as all damages were repaired, it was back to business as usual.
2 #9: The Poconos, Pennsylvania
The Poconos Area in Pennsylvania is a great place for people to get away. With the opening of a few casinos, the entertainment options are even stronger.
1 #10: Tunica/Lula, Mississippi
Tunicia and Lula Mississippi are home to some very high revenue producing casinos. These casinos draw in visitors each year from nearby cities, such as Memphis, Tennessee. Because gambling is illegal in Tennessee, many come to visit these border towns of Tunicia and Lula in order to legally gamble.
That is why this is one of the largest gambling markets in the US, spite the very small amount of individuals who live in Tunicia and Lula. It's very similar to the town of Wendover Nevada. Residents of Utah will quite often travel to this border town in order to get their legal gambling fix.
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