Mar. 10, 2013, 10:21 PM
When you think about gambling in America, the first thing that probably comes to mind is Las Vegas.
But Las Vegas currently represents just 10 percent of U.S. gaming industry revenue. This is according to a new report from Bank of America Merrill Lynch.
Regional commercial gaming accounts for another 47 percent of the industry.
The remaining 43 percent: Native American gaming.
The Native American gaming story is particularly extraordinary in that it has grown into a $27 billion business from almost nothing in just 20 years.
Here’s a chart from a BAML: