US Casino Industry Worth $37 Billion In 2012

US Casino Industry Worth $37 Billion In 2012According to the latest report by the American Gaming Association, US brick and mortar casino revenue improved by 4.8% to $37.3 billion in 2012, signalling a return to its peak year of 2007 when revenues reached $37.52 billion. However, the figures exclude Indian casino revenue, an industry which was worth $27.4 billion in 2011. Throughout 2012, US casinos also paid 8.5% more in casinos taxes at $8.6 billion
Commenting on the latest findings, CEO of the American Gaming Association Frank Fahrenkopf Jr, said: “After three years of increasing growth and positive signs in all sectors of the industry, it’s clear that we have weathered the recession.”
The encouraging casino figures were helped along by an overall improving US economy, as well as higher consumer spending and growth in areas with new casinos, unlike mature markets such as New Jersey which shrank by 8%.
There are 513 commercial nontribal casinos spread across 22 states in the US, with 15 states then reporting  an increase in gambling revenues throughout 2012. Leading the way in growth was Kansas, followed by Maryland, Maine and New York, all of which opened up new casinos last year. Other states reporting significant increases in casino revenue included Florida, Illinois, South Dakota and Pennsylvania, which recorded 4.6% growth and overtook New Jersey as the USA’s second-largest casino market. As Fahrenkopf explains:
“Pennsylvania has been one of the great success stories of our industry in the last few years. There’s a price for that, and unfortunately Atlantic City has gotten hit with the price for that. If you live in Pennsylvania you no longer have to drive an hour and 15 minutes to Atlantic City to play the slots.”
Nevada still remains America’s main gambling destination and recorded a 1.5% growth in gambling revenue  last year, at $10.9 billion.


Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this