Helped by the continued spread of legal sports betting, commercial casinos in the United States earned $ 43.6 billion from players last year, up 3.7% from the previous year.
In a report released Wednesday evening, the American Gaming Association, the national business group for the casino industry, said that revenues from commercial casinos have increased for five consecutive years.
Figures do not include tribal casinos, which report revenues on a different schedule. Last fall, tribal casinos reported revenue of $ 33.7 billion in fiscal 2018, up 4.1% from the previous year.
Commercial casinos have been helped in part by a continued expansion of sports betting, with more than $ 13 billion wagered legally last year.
The report was released as some casinos are starting to come out of a shutdown of almost three months due to the coronavirus epidemic. These closings, which have affected virtually every commercial and tribal casino in the country, will certainly end this year the string of increases in gaming revenues in the United States.
“Within 11 days, the commercial casino industry has gone from record growth to complete closure,” said Bill Miller, president and CEO of the association. “The American gaming industry has never faced a greater challenge. But we have proven time and time again that we are resilient. “
The report tracked gaming activity in the 25 states with commercial casinos and found that 21 of them posted annual revenue increases in 2019.
Fourteen states have established casino revenue records: Arkansas, Florida, Iowa, Kansas, Maine, Maryland, Massachusetts, Michigan, New York, Ohio, Oklahoma, Pennsylvania, South Dakota and Rhode Island.
The industry has paid nearly $ 10.16 billion in gaming taxes, the first time that figure has exceeded $ 10 billion in the United States.
Sports betting is responsible for at least part of the increases. New Jersey won a case before the U.S. Supreme Court in 2018 that paved the way for legalization of these bets by the 50 states. So far, according to the report, 20 states and the District of Columbia have passed legislation allowing legal sports betting, although several have yet to introduce it.
Sports betting operators generated $ 908.9 million in sports betting revenue in 2019, more than double the $ 430.7 million they earned in 2018.
Strong growth in sports betting and online gambling helped New Jersey record its highest gaming revenue in ten years, up 19.5% to $ 3.46 billion.
This helped New Jersey narrowly regain its former No. 2 gaming market position in the country after Nevada, which had more than $ 12 billion in revenue last year. New Jersey fell slightly ahead of Pennsylvania, which recorded $ 3.38 billion in revenue last year, according to the report.
New York recorded $ 2.73 billion last year, up 5.5%; Louisiana saw $ 2.46 billion, down almost 4%, and Indiana, $ 2.24 billion, which is virtually unchanged from the previous year.
A first full year of sports betting also boosted the gambling markets in Mississippi, up 2.8% to $ 2.2 billion, and Rhode Island, up 1.8% to 668.4 millions of dollars, despite increased competition in neighboring Massachusetts.
At the end of 2019, the National Indian Gaming Commission had 524 tribal casinos operating in 29 states, compared to 465 commercial casinos in 25 states.
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