Casino gambling, including Indian gaming, is legal in 27 states and most of the casinos have been built in the last 5 years. The Gaming Sector is a Large Entertainment Industry. In 1995, gambling in the United States grossed over $40 billion in revenues.
FDIC Coverage Limits. The FDIC increased the amount of coverage on deposit accounts for banking customers in the wake of the Great Recession that began in 2007. For an individual account, the FDIC provides insurance protection up to $250,000, and each account carries this level of coverage.
The Act established the FDIC and funded it. The initial limit on deposit insurance was set at $2,500 in 1934, and was raised to $5,000 in 1935. The FDIC was given the first real test of its abilities during the savings and loan crisis of the 1980s.