The US commercial gaming sector sustained its upward trend in August, as per a report from the American Gaming Association (AGA), exhibiting a 10% surge in revenue compared to the corresponding period last year. This favorable expansion signifies 18 straight months of year-on-year gains for the industry.
Despite navigating a complex economic environment, August witnessed revenue reach $4.89 billion, establishing a new peak for the month. It is important to acknowledge, however, that this number represents a 4% decrease from July’s earnings, a pattern aligning with typical seasonal fluctuations.
Nevada, unsurprisingly, spearheaded the results, amassing $1.2 billion in revenue. Closely following were New Jersey and Pennsylvania, recording $471 million and $429 million, respectively.
Certain states witnessed particularly remarkable growth. Virginia’s gaming revenue experienced a staggering 185% year-over-year increase. New Hampshire and Oregon also enjoyed substantial leaps, registering gains of 163% and 155%, respectively.
While the overall outlook appears promising, a small group of states, including Delaware, Mississippi, Montana, and Massachusetts, observed a decline in their gaming revenue compared to August of the preceding year.
Nationwide, brick-and-mortar slot machines and table games collectively generated $4.02 billion, with slot machines contributing the majority at $2.92 billion.
The AGA emphasized the robustness of the traditional casino segment, observing that although overall US tourism expenditures remain below pre-pandemic figures, casino revenue growth in August reached its highest point since April.
Local gambling establishments in the central United States – particularly those in Illinois, Iowa, Louisiana, Mississippi, and Missouri – are thriving. These venues have witnessed a 4.2% rise in visitor numbers compared to 2019, before the pandemic struck.
Wagering on athletic events, conversely, is undergoing a slight “seasonal dip.” Although a substantial $4.54 billion was staked, this figure aligns with July, traditionally the quietest period for sports wagering operators. The silver lining is that this still signifies a massive 50% surge in comparison to the corresponding timeframe last year.
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