U.S. Casino Market Set to Hit $126 Billion by 2033

America’s commercial casino business is about to get a lot bigger. New numbers from Renub Research show the market will climb from $75.65 billion this year all the way to $126.19 billion by 2033, which works out to growth of about 5.85 percent every year for the next decade.

Several things are driving that rise. State laws have been shifting one by one, with more legislatures giving the green light to casinos and online gambling operations that open up markets which were closed off for years. Smartphones and tablets changed the game too, and live-dealer games with betting apps now reach people who would never drive to a casino property. The casinos themselves aren’t just slot machines and card tables packed onto a floor anymore, but full resorts with hotels, restaurants, concert venues and shopping areas that pull in visitors who never touch a poker chip.

The money casinos generate flows into local economies through employment, tourism and tax revenue that goes to state and local governments. When a casino builds out a big resort operation, restaurants and shops and hotels all get busier. The American Gaming Association reported that U.S. casinos supported 1.8 million jobs a few years back and contributed billions in tax revenue.

Online gambling has become a big part of where the industry is headed. Players want to log in from home and get into real money games without hassle. A full list of operators shows which sites pay out fast, run honest games and throw in bonuses worth taking, and people want that stuff right there on their phones without jumping through hoops.

Different parts of the country are at different stages. Nevada and New Jersey have had casinos running for decades and their markets are pretty well set, but California and Texas keep coming up in reports as places where new laws and new buildings could add a ton of value to the national total. The big names in the business will be the ones deciding where things go from here.

The way people gamble has changed pretty dramatically over the past few years. Younger players want skill-based games, social features and formats they can post about online, which has pushed operators to redesign gaming floors and test out game formats that borrow elements from video games and esports competitions. The average casino visitor keeps getting younger, and operators have had to rethink what appeals to someone in their 30s compared to someone in their 60s. That demographic shift is part of why casinos keep opening celebrity chef restaurants and booking bigger concert acts that appeal to people who grew up with different entertainment expectations.

None of this happens smoothly though, because every state writes its own rules about licensing, taxes and operations. Companies that try to expand across state lines run into complications at every turn.

The expansion has also drawn pushback from regulators who are writing tighter rules about how operators can market to players and what safeguards need to be in place. Online and mobile platforms run around the clock, which is a different beast from traditional casinos that have set hours and physical limits on how many people can walk through the doors.

Traditional casino buildings still generate most of the revenue the industry brings in, but digital platforms have been taking a larger slice year after year. Resort properties depend on tourist traffic to fill their rooms and restaurants, and that traffic swings with economic conditions. Operators also compete with streaming services, video games and other entertainment options for the same leisure time and disposable income.

States like what they’re seeing because more casinos mean more jobs and tax money, and if the rollout goes right, there’s money to be made. Casinos are trying to do two things at once: grab a piece of the online gambling boom and keep their physical locations worth visiting. The ones that do both will probably come out on top.

Towns and regular people get jobs and entertainment options out of the deal, but somebody has to make sure the rules stay strong and gambling doesn’t wreck lives. The numbers say the casino business is headed up, with that $126 billion target sitting out there for 2033. Getting there depends on whether casinos can work with regulators in all these different states, split their attention between online and in-person gambling and keep things from going off the rails.