US Casino Revenue up 4% to $3.4BN in AugustOctober 10, 2017 11:21 am
The USA’s casino industry saw its revenue increase by 4% to $3.4 billion in August, compared to the same month in 2016, according to the latest report released by the UNLV Center For Gaming Research.
Accounting for just under a third of the USA’s casino market in August was the state of Nevada, whose revenue jumped by 15% to $989.5 million relative to the $861.1 million collected in the same month last year, also given it the second biggest year-on-year growth rate in the country. The Las Vegas Strip in turn accounted for around $545 million of all casino revenues generated in the Silver State, up by 21% y-o-y, with the Floyd Mayweather versus Conor McGregor fight on the 26th helping to boost Nevada’s sports betting market to $70 million.
Commenting on the figures, Michael Lawton, Senior Research Analyst Nevada Gaming Control Board, stated:
“Obviously, everyone knew it was going to be a big sports betting month.”
Elsewhere, the USA’s second biggest casino market was Pennsylvania, which collected $267.4 million in August, up by 2.51% over the same month last year, with New Jersey then lying in third place with revenue of $244.8 million, lower by 0.42% year-on-year.
Not far behind in terms of revenue, though, was Louisiana which saw its casino market generate $240.4 million last month, albeit representing a 4.45% decline y-o-y, followed by Illinois, up by 8.15% to $223.9 million.
Returning the highest growth late in August, however, was Maryland whose six casinos saw their business jump by 37.1% to $137.4 million, thanks mostly to the $1.4 billion MGM National Harbor resort which opened its doors last December. Next highest was Nevada up 15%, and then Kansas up by 11.1% to $31.7 million.
You can see all the statistics in detail here.
For the first eight months of the year, US casinos have now generated $28 billion in revenue, putting it on course to reach or surpass its average annual revenue rate of around $40 billion. Tribal casinos, which are not included in the figures, also produce a further $30 billion each year.