The US commercial gaming sector witnessed a 10% surge in revenue this August, establishing a fresh monthly benchmark, as per a report from the American Gaming Association. This accomplishment signifies eighteen straight months of positive annual growth for the industry.
Despite confronting economic obstacles, revenue hit $4.89 billion. Although this figure reflects a minor 4% decrease from July’s numbers, the AGA emphasized that it aligns with customary seasonal patterns.
Nevada remains at the forefront, yielding $1.2 billion in revenue for August. New Jersey and Pennsylvania captured the second and third positions with $471 million and $429 million, respectively.
Numerous states encountered remarkable expansion, with Virginia’s revenue soaring by 185% compared to the previous year. New Hampshire and Oregon also registered substantial gains, exhibiting increases of 163% and 155% correspondingly.
Nevertheless, not all states partook in the upward trajectory. Delaware, Massachusetts, Mississippi, and Montana all experienced a downturn in year-over-year revenue.
Across the nation, brick-and-mortar casinos generated a collective $40.2 billion from slot machines and table games.
The AGA underscored the gaming industry’s tenacity, observing that revenue growth for conventional casinos is at its zenith since April, even as overall US travel expenditures remain below pre-pandemic figures.
Local gambling establishments in the central United States are experiencing record attendance, although earnings from sports wagering have leveled off following a bustling spring season. Total gaming income has significantly increased year-over-year, yet analysts suggest the stagnant figures in sports betting could simply be attributed to the major athletic associations being primarily in their offseason.
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