Atlantic City, NJ (AP) —US commercial casinos earned nearly $ 14 billion in the third quarter of this year, the industry’s highest quarter, and US casino revenue, according to figures released Tuesday. It exceeded overall revenue in 2020. ..
According to figures from the American Gaming Association, a national trade association in the casino industry, more consumers can comfortably visit casinos during the COVID 19 outbreak, and online and sports betting revenues continue to grow. As a result, US casinos are ready for 2021 to be the best year ever. ..
According to the group, US casinos are at a pace to break the annual record of $ 43.65 billion set in 2019.
Bill Miller, chairman and chief executive officer of the association, said he broke records in the second quarter of this year as well.
“The second consecutive quarter of record game revenue is an incredible achievement in any situation, not to mention the most difficult year in industry history,” he said in a statement. “Our recovery is not an instant, but a sustained result of our leadership in responsible resumption, world-class entertainment offerings, and widespread favors.”
Domestic non-Native American casinos won $ 13.89 billion in July, August and September of this year. In the first three quarters of the year, US casinos earned nearly $ 39 billion, above the overall 2020 total and 18% above the first three quarters of 2019.
Jane Boknevic, director of the Lloyd Levenson Institute at Stockton University in New Jersey, said the stagnation of demand among pandemic-tired customers has played a major role in reviving the industry as deregulations have been lifted. Said that.
“After a year of restrictions and quarantine, people were anxious to go out and enjoy the first-hand experience again,” she said. “The casino industry has responded swiftly to implement clean and secure protocols that provide a comfortable environment for those seeking safe social activities.
“The explosive growth of internet games during a pandemic has captivated a new audience of consumers who may have been interested in a face-to-face gaming experience with a physical casino,” she added. “Inspired by the casino’s marketing and loyalty programs, they may have decided to try something new.”
David Schwartz, a gambling historian at the University of Nevada, Las Vegas, has more enthusiasm for going out and doing something among gamblers who were hesitant to visit casinos in and around Las Vegas. I agreed that it is one of the factors that move people.
Ten of the 25 states with commercial casinos saw quarterly revenue records, including the four highest-selling commercial gambling states of Nevada, New Jersey, New York, and Pennsylvania.
On the Las Vegas Strip, gambling revenue also reached a record $ 2.06 billion.
According to the association, this record is partly due to the steady recovery of tourists, with 9.2 million visitors to Las Vegas in the third quarter, an increase of almost 10% compared to the second quarter of this year, the highest ever since. It is the quarterly visit level of. Outbreak of pandemic in early 2020.
Slots and table games, traditionally the casino industry’s bread and butter, accounted for the majority of transportation for over $ 12 billion.
Internet gambling revenue reached a record high of $ 938.6 million.
However, sports betting revenue was a minimum of $ 886.5 million in the 2021 quarter due to the limited sports calendar at the end of summer.
Total sports betting and internet gambling revenue for the first nine months of the year was $ 5.36 billion, an increase of more than 200% over the previous year.
___
Follow Wayne Parry on Twitter @WayneParryAC
The casino is the best quarter ever. 2020 total already exceeded | WGN Radio 720
Source link The casino is the best quarter ever. 2020 total already exceeded | WGN Radio 720
The post The casino is the best quarter ever. 2020 total already exceeded | WGN Radio 720 appeared first on Illinois News Today.
No comments:
Post a Comment