The US commercial gaming sector sustained its upward trajectory in August, as per the American Gaming Association (AGA), exhibiting a 10% surge in revenue compared to the corresponding timeframe last year. This accomplishment marks the industry’s 18th successive month of year-on-year expansion.
Reaching $4.89 billion, revenue narrowly missed the $5 billion threshold. Although this signifies a 4% decrease from July’s figures, the AGA emphasized its alignment with typical seasonal patterns. Notably, revenue has consistently attained or exceeded $5 billion monthly since March, with June and August as the sole exceptions.
Nevada spearheaded the pack, amassing $1.2 billion in revenue for August. New Jersey secured the second spot with $471 million, trailed closely by Pennsylvania at $429 million.
Virginia witnessed the most substantial year-on-year growth, registering an impressive 185%, while New Hampshire and Oregon followed suit with 163% and 155%, respectively.
Despite the prevailing positive trend, four states, namely Delaware, Massachusetts, Mississippi, and Montana, encountered year-on-year contractions.
Brick-and-mortar casinos witnessed a combined revenue of $4.02 billion from slot machines and table games, with slot machines accounting for the majority at $2.92 billion.
The AGA observed that despite a reduction in overall US tourism expenditures compared to August 2019, the traditional casino sector experienced its most robust growth rate since April.
Local gambling establishments in the central United States – particularly those in Illinois, Iowa, Louisiana, Mississippi, and Missouri – are prospering. These venues have witnessed an approximate 4% rise in visitor numbers compared to figures recorded before the pandemic in 2019.
Wagering on athletic events, conversely, is undergoing its typical summer lull. Despite a minor decrease, individuals in the US are still placing bets totaling roughly 4.5 billion dollars monthly. This figure represents a substantial surge in comparison to the previous year, standing at nearly 50% higher!
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