April 25, 2023

The Power of Favorable Odds

The American Gaming Association reports that, in 2022, 84 million people, or 34% of the adult population visited casinos in the United States alone. That resulted in U.S. casino revenues of almost $60 billion. The latter figure has moderately increased every year for more than two decades with small declines during economic crises. Ever wondered what led to this outcome and its relation to investing?