Making money has always been and always will be a thing people will look up to. Making money never gets out of trend, and it will stay that way until humanity lives. Some people alone make billions of dollars and then there are some who are earning in thousands. It all comes down to the potential. Similarly, there are some industries which are generating billions of dollars’ worth of revenue per year and that’s because of the earning potential and opportunities in them. Today, we are going to discuss top 5 biggest money making industries of 2017. So without further ado, let’s dive in.
It is surprising to many how big of a footprint that casinos have in the world of business. Unlike most industries that thrive or die based on economic conditions, casinos always do well. During boom times, people have excess amounts of money to spend on leisure and casinos are a favorite form of entertainment. During hard times, Casinos continued to thrive, because people are looking for fun distractions. Casinos are a very popular form of distraction during these harsh economies.
There are numbers of different types of casinos that are generating big money on a daily basis. The Casino industry alone made about 73.1 billion USD revenue in the US in 2017.
The revenue generation is not just limited to brick and mortar casinos; Online Casinos like Casino.com are also contributing a great deal of money to this industry. In fact, Online Casinos are the fastest growing space in the industry, because people love to do these type of activities in the comfort of their own home using the internet.
Online gambling includes traditional casino games like Roulette and many others, sport betting, bingo and lotteries. Of these, casino games make up the largest share of the market. The market volume of online gaming was forecasted to reach 51.96 billion U.S. dollars in 2018, more than doubling since 2009. The growth opportunity for this business is increasing due to the rise in the number of gambling premises across the world and the increase in the number of participants. Furthermore, the rapid advancement in technology and frequent changes in consumer preferences will strengthen the competitive environment of the market.
The trend of Business to the Business industry has skyrocketed over the past few years. The example of the China’s E-commerce giant Alibaba is enough to get the idea of the rapid growth of the B2B industry. The industry has surely provided big and small business with the ease of exchange of product, services and information with just some clicks on the computer. The industry is expanding day by day and has a robust stream of revenue generation. In 2017, the Business to the Business industry has generated a revenue of 28.5 Billion USD in the just United States, and its full expansion has yet to be seen.
Health and Fitness
We all know how much hospitals charge these days. And the costs of medicines are also skyrocketing. So with that in mind, it is no surprise that the Healthcare Industry is one of the biggest money-making industry. There are millions of patients getting charged on a daily basis either for routine checkups or for surgeries. Besides health, the fitness industry is also on the rise, the trend of going to the gym has taken over the entire US (which is a good thing). The Health and Fitness industry has generated a revenue of whopping 26.7 Billion USD in the US in the year of 2017, and it is expected to grow more next year.
Whether it is a hospital where a person is born or the morgue where he is kept once dead, financing is involved in everything somehow. The scope of finance is so broad that one cannot get the idea of where it is not being utilised. Whether it is bookkeeping of accounting records or the buying a house on loan, finance industry generates money. And that is the reason that the Finance industry has produced a revenue of 17 Billion USD in the US over in 2017 and is still growing as it has just begun.
The information technology industry has taken the whole world by storm over the past few decades. Virtually everyone in the world is somehow connected to IT, whether it is through mobiles or websites like Facebook. The scope of IT is drastically increasing with days and it should as the world is evolving and IT is a significant part of it. The Information Technology Industry has secured a revenue of 15.3 Billion USD in the US over the year of 2017, and it is going to cross 20 Billion in next years.
Note: These industries are not just based on revenues, they are in this ranking based on revenue, no of companies, tax paying, no of people working etc.