The live casino lottery has become a lucrative game for gamblers around the world.
But it is also a lucrative cash cow for casino operators in the United States.
A new report from ABC News shows how the game has become so profitable that it is costing US casinos billions of dollars.
The report, “Live Casino Jackpot, 2016”, examines how gambling revenue is being generated and the potential economic impact of casino expansion in the US.
In a year, $2.8 billion in casino revenue was generated in the casino industry.
This includes more than $1.4 billion in cash, $1 billion in winnings and $2 billion in gambling losses.
ABC News has broken down the key revenue sources and the estimated economic impact for each.
Here are the key findings: Casino revenue generated in 2016: Casino operators generated $1,788.8 million in revenue in 2016.
Casino operators earned an estimated $1 million in profits, including $873,000 in “winnings” from live casino gaming.
The casino industry generates $2,564.8 in gaming revenue annually.
$2 million in “cash” generated in Nevada Casino earnings.
The state’s casino operators generated nearly $1 per player in the live gambling market.
The industry’s earnings generated $2m in “casino winnings” in Nevada.
$1 for every $1 of casino gaming revenue generated.
The gambling industry generates nearly $100 million in revenues annually in the states home state of Nevada.
“The Casino Businesses Association (CBA) estimates that casinos and gaming revenues have increased $2-3 billion per year since the first casinos opened in the mid-1980s,” the CBA said.
“This means that the casino business has generated more than double the economic impact and nearly $20 billion in annual revenue since the inception of casino gambling in the state of New York in 1970.”
“Live gaming has become such a lucrative business for the operators that they have become extremely wealthy, with over $1-billion in casino revenues annually,” the report states.
The CBA says that this is a significant increase in revenue that has resulted in “increased revenue sharing, higher profits and higher profit margins for the casinos.”
“This is not a fair distribution of gambling revenue.
In addition, these operators have had to provide significantly greater financial protections and benefits to employees and the communities they serve.”
The report concludes that casino operators “are able to make significant investments in facilities and equipment for their games, with significant impacts to the overall environment, environment quality and safety.”
Live casino revenue generated by casino operators: Live casino gambling revenues increased from $1-$2 million per player to $2-$3 million per year.
Live casino gaming in Nevada, which is located in the same state as Las Vegas, generated an estimated revenue of $3.2 million.
This represents $6.8-billion worth of gambling revenues in the country in 2016, according to the CBB.
$5-million in “gambling winnings”, the casinos’ profits, was “generating almost $2 for every dollar of casino revenue.”
Gaming losses in Nevada casinos decreased from $7.2-million to $4.6-million, according the CAA.
$12-million of gambling losses was generated by casinos in New Jersey and Pennsylvania, where casino operators earned $6-billion annually.
“Casinos are generating over $3-billion per year in revenues,” the study states.
“If they are operating at their current rates, this represents an annual revenue of over $10-billion.”
The CAA estimates that live casino gambling will increase by $2 in 2020, which means casino operators will make more money in 2020 than they do today.
Live casinos in other states: New York state is the only state to have an active casino industry, with casino operators generating an estimated annual revenue growth of $9-billion, according a report from the New York State Gaming Commission.
“As of mid-2017, casinos in the New Jersey, Pennsylvania, New York and Delaware markets generated an average of $8-million per year, and the majority of this is in cash games,” the commission said.
The commission estimates that casino revenue is growing at a rate of $6 billion annually.
The total amount of casino winnings generated in New York states casinos grew from $9.4-million for the year ending March 2017 to $10.2-$11.8million for 2021.
“Gambling is a large industry in New Zealand,” the state’s Gaming Commission said in a statement.
“In 2018, New Zealand casinos generated an estimate of $7-billion of total gambling revenues, with $5.4 million in cash and $7 million in gaming winnings.
This is the second highest level of growth in any state in the world.”
The state of Hawaii generated $6 million in live casino revenue in