Former Portuguese colony Macau generated more than $35 billion in gambling revenue in 2019. The world is changing fast and China is taking over US as the world leader in many areas. Most people think that Las Vegas is the world’s biggest gambling city, but they are wrong. The biggest gambling market in the world is Asia as the biggest gambling city. We could have also ranked the cities by the number of casinos and presented the list of the cities with the most casinos in the world, but that may not be as accurate because a small casino counts the same as a large casino. In this article we are just going to focus on the casino segment and rank the biggest gambling cities in the world by revenues from casinos. The fastest growing segment is sports betting at the moment. Lotteries are the biggest segment of the global gambling market (more than $200 billion). We can segment the gambling market by types like casinos, sports betting, and lotteries. This means its size will be above the $500 billion threshold before the end of 2020. The global gambling market is worth nearly $480 billion and growing at around 6% a year.
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