Gambling in the USA

U.S. Q3 Commercial Gaming Revenue Rebounds, Reaches $9B

Published

3 years ago

November 16, 2020

Q3 Commercial Gaming Revenue Rebounds, Reaches $9B

U.S. commercial gaming revenue for Q3 2020 totaled $9.04 billion, reaching 81 percent of the industry’s pre-COVID levels in Q3 2019, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. Q3 revenue is up 294% from the historic lows of Q2, caused by pandemic-driven, mandatory closures.

COVID-19 health and safety measures, including social distancing and capacity restrictions, have contributed to the gaming industry’s recovery lagging the country’s broader economic recovery. Gaming revenue is down 36.5 percent year-over-year (YoY) in the first nine months of 2020, compared to the U.S. GDP’s three percent decline in the same period.

“Our industry continues to prioritize the health and safety of our employees, customers, and communities above all else,” said Bill Miller, AGA President and CEO. “While these quarterly results are promising, the reality is a full recovery is dependent on continued public health measures to control prevalence rates.”

“As state and local officials respond to current COVID-19 outbreaks with additional restrictions, urgent Congressional action to provide COVID-19 relief is even more crucial. Gaming employees and communities depend on it,” Miller added.

More than 100 casinos reopened between July and September with 902 commercial and tribal casinos (90.8% of total) operational by the end of the third quarter, compared to 800 (80.8% of total) at the start of July.

Many states that saw encouraging gaming revenue growth in Q2 continued the positive trend in Q3 despite continued capacity restraints. Five states—Arkansas (+.3%), Mississippi (2.8%), Ohio (+7.5%), Pennsylvania (+3.8%), and South Dakota (+6.1%)—outperformed their Q3 2019 revenue figures. Looking only at the most recent month, September, the recovery trends continue with both Maryland (+1%) and New Jersey (+6.5%) also returning to YoY gaming revenue growth.

While nationwide slot and table game revenue remained down compared to Q3 2019, sports betting revenue bounced back in Q3 2020, bolstered by an unusually crowded sports calendar and strong consumer interest in new legal betting markets in Colorado, Illinois, Michigan, and Washington, D.C. Americans legally wagered a record $5.95 billion in Q3, generating $352.3 million in gaming revenue—the second highest ever quarterly total.

iGaming continued to grow in Q3 2020, due, in part, to West Virginia launching in July. iGaming generated $435 million in Q3, up eight percent from Q2 and 232 percent from Q3 2019.

Background

To date, 911 of 994 U.S. casino properties across 40 states have partially reopened. This includes 442 commercial casinos (94.7% of total) and 469 tribal properties (89% of total).
Michigan Governor Gretchen Whitmer announced a mandatory re-closure of casinos on Nov. 15, effective Nov. 18. Since late October, other states have taken steps to introduce overnight curfews or further restrict casino capacity.
The AGA’s COVID-19 casino tracker is updated daily and lists the reopening status of every U.S. casino.

Up Next

Esports Entertainment Group Reports Fiscal First Quarter 2021 Financial Results

Don't Miss

theScore Introduces Bet Section

Gambling in the USA

Games Global Launches Custom Slot Game Caesars Palace Frenzy with Caesars Digital

Published

6 days ago

April 22, 2024

Alan Campbell

Launch marks the first bespoke game launch in the partnership between gaming operator and premier gaming provider

Games Global today announced the exclusive launch of Caesars Palace Frenzy, a Caesars-branded slot title that marks the first bespoke game launch on behalf of Games Global’s partnership with premier gaming operator Caesars Digital. Caesars Palace Frenzy is now exclusively live on Caesars Palace Online Casino in New Jersey with plans to expand to Michigan and Pennsylvania, offering players another highly engaging, operator-specific gaming experience with iconic Caesars Palace branding.

Caesars Palace Frenzy combines the excitement of the Las Vegas Strip’s iconic casino with innovative gaming dynamics crafted by Games Global. Designed exclusively for Caesars Digital online casino players, this game delivers an online slot experience with engaging gameplay, sophisticated graphics and dynamic features like scatter pays, multiplied free spins selected by a concentric wheel and a seven-tier jackpot line-up.

This launch demonstrates Games Global’s continued emphasis on partnering with top iGaming operators to deliver exclusive and custom gaming products to players.

“Working closely with Caesars Digital to create Caesars Palace Frenzy has been an exciting journey,” the Chief Executive Officer for Games Global, Walter Bugno, said. “This game is more than just an online slot experience, it is an adventure that mirrors the thrill and grandeur of one of the world’s most iconic destinations. We’re thrilled to see it come to life and deliver a unique blend of entertainment and gaming.”

“We’re committed to collaborating with top gaming providers to launch custom online casino experiences for our players that can’t be found anywhere else,” the Senior Vice-President and Chief iGaming Officer for Caesars Digital, Matt Sunderland, said. “Caesars Palace Frenzy delivers on that commitment by providing an elevated gaming experience that we’re certain our players will enjoy.”

Gambling in the USA

Alabama-Coushatta Tribe of Texas Announces Plans to Build New Casino Resort

Published

6 days ago

April 22, 2024

Niji Narayan

The Alabama-Coushatta Tribe of Texas has announced the plans to build a brand-new casino resort on its Tribal lands in Polk County.

“We are incredibly excited to embark on this new chapter. This new casino resort will not only provide significant economic benefits for those living and working in the region, but it will also become a vibrant destination for visitors,” Ricky Sylestine, Chairman of the Tribal Council, said.

While specific details are still being finalized, the new resort may offer a variety of amenities including a state-of-the-art casino floor, hotel accommodations, and diverse dining and entertainment options.

The Tribe has engaged the architectural firm FFKR to design the new resort. FFKR is known for its innovative and creative designs. The Tribe is confident the firm will create a truly exceptional destination.

In addition to the new casino resort, the Tribe is planning an extensive remodel to its existing Ischoopa/One Stop Convenience Store and Truck Stop. The remodel will include adding electronic bingo machines.

The Alabama-Coushatta Tribe of Texas will be releasing news related to the new resort and any additional developments in the coming months.

Gambling in the USA

BetConstruct to Display Its Products and Services at Sigma Americas

Published

1 week ago

April 18, 2024

Peter Tolan

BetConstruct, a leading company in iGaming technology and services, is heading to Sigma Americas in Sao Paulo, Brazil from April 23-25, 2024.

Sigma Americas is a major event focusing on iGaming with 10,000 delegations and more than 200 professional speakers. This event serves as an exceptional platform for participants to present their innovative offerings, engage with fellow industry leaders, and establish new business relationships.

BetConstruct is poised to introduce its cutting-edge products and solutions to the growing Brazilian market at the upcoming event. As a premier provider of online iGaming solutions, the company will showcase its comprehensive range of services to all attendees, offering diverse solutions tailored to meet their specific needs and preferences.

Moreover, BetConstruct will demonstrate its newest Spettacolare offer by Mr. First, which is a fleeting opportunity to maximise user profits and explore the potential of FTN.

Attendees of the event can find BetConstruct in the Transamerica Expo Center at Stand O60, where they will have the opportunity to gain a comprehensive understanding of BetConstruct’s products and solutions.