According to the association, the increase in revenue and winnings for the casinos reflect a return to normality as consumers are becoming more comfortable with attending casinos once again. The increase in winnings has also been attributed to the addition of legal sports betting across the United States.
Legal Sports Betting Puts US Casino Industry on Track for Best Year Ever Legal Sports Betting Puts US Casino Industry on Track for Best Year EverSpeaking of the industry’s resurgence, Bill Miller CEO of the American Gaming Association said:
“Two straight quarters of record gaming revenue is an incredible accomplishment in any context, let alone after the most challenging year in industry history. Our recovery is not a flash in the pan, but rather a sustained result of our leadership in responsible reopening, world-class entertainment offerings and widespread favorability.
I’m confident that the return of meetings, conventions and international travel will further accelerate gaming’s recovery in 2022.”
Jane Bokunewicz, director of the Lloyd Levenson Institute at New Jersey’s Stockton University, told Newsweek:
Legal Sports Betting Puts US Casino Industry on Track for Best Year Ever“After a year of restrictions and quarantines, people were anxious to get out and enjoy in-person experiences again,” she said. “The casino industry responded quickly to implement clean and safe protocols providing a welcoming environment to people seeking safe social activities.
The explosive growth of internet gaming during the pandemic engaged a new audience of consumers who may have become curious about brick-and-mortar casinos and the in-person gaming experience,” she added. “Encouraged by casino marketing and loyalty programs they may have decided to try something new.”
Slots and table games made up the lion’s share of third quarter revenue accounting for over $12 billion. Meanwhile internet gaming set a revenue record of $938.6 million. However, sports betting saw a quarterly low for the year of $886.5 million. This was mostly due to a limited sporting calendar prior to the return of both the NBA and NFL.
