5 Fastest Growing Industries in the World

4. Casinos and Gambling

Revenue Growth 2019-2020: 17.6%

Casinos and gambling has been a thriving industry for the last few decades for a number of reasons. The legalization of gambling and its related activities and the growth of tourism and urbanization in other economies have all contributed to its rapid growth and record-breaking revenue figures. It is reported that in 2020, the market size of the global casinos and online gambling industry reached $227 billion. Tourist hotspots like Las Vegas, Nevada in the United States, and Macau bring in billions in casino and gambling revenue each year. An example of the flourishing industry is Las Vegas Sands Corporation, (NYSE: LVS), a casino and resort company in Las Vegas reporting a revenue of $13.2 billion in 2019.

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