With Nevada having generated huge revenue records for 2021, the American Gaming Association (AGA) indicates that commercial gaming and casino revenue nationwide will reach its highest level ever this year.
The nation’s 987 commercial casinos have raised more than $44.15 billion so far in 2021. However, several states have yet to report November and December numbers. The nation’s previous record of $43.65 billion was set in 2019 and is obviously already surpassed.
While Nevada is expected to report data for November through the end of December and this month’s revenue is scheduled to be reported in late January 2022, the state is naturally one of the strongest in the country.
Casino gambling attracts the most interest and is the mainstay of the industry’s recovery. For October, slot machines and table games generated combined revenue of $34.22 billion ($27 billion coming exclusively from slot machines).
Sports betting generated $3.16 billion in revenue for October, showing a 359% increase compared to the same period in 2019.
The sports betting market has been growing intensely since October 2019, when only 13 states had legalized betting. Currently, 30 states and Washington DC have legal and live sports betting.
Ten of the 25 states with commercial casinos, including Nevada, New Jersey, New York and Pennsylvania, reported good quarterly revenue records from July to September.
The Las Vegas Strip hit an all-time record of $2.06 billion during this quarter. The record was boosted by the steady return of tourism, as 9.2 million people visited Las Vegas during that time period.
Commenting on numbers for the third quarter of 2021, AGA President and CEO Bill Miller said, “With the in-person gaming record setting, the expansion into new verticals and the recovery in domestic and international tourism, the industry is in a boom. strong position for a full recovery”.
“I am confident that the return to international meetings, conventions and travel will further accelerate the game’s recovery in 2022,” concluded Miller.
