According to the American Gaming Association, US casinos won $ 11.1 billion from players in the first quarter of 2021. Operators generated these figures from the beginning of the year to the end of March. The third quarter of 2019 is associated with the best quarter in the history of the market.
These figures represent the 18%'s year-on-year revenue growth, which is little to say since the entire landline casino closed the market in mid-March 2020. But that's still the 4%'s increase from Q1 2019, long before the US pandemic was brought under control. Income does not include money won by tribal casinos.
According to the report Associated Press, Several casino CEOs are optimistic about the industry as it seems players are looking forward to getting back to their normal lives and going back to casinos. Terry Glebocki, CEO from Ocean Casino Resort in Atlantic City, she reiterated these press agency opinions.
“I think more and more people are feeling more comfortable going out [to casinos], Głębocki said AP. “There is a lot of pent-up demand there. People want to go out and have fun, and that's what you do at the casino. "
What makes the quarter even more remarkable is the fact that almost the entire market operated under performance constraints imposed by the government. 14 of the 25 states with commercial casinos were limited to less than 50% capacity. Several of these states, including Pennsylvania, also had gaps during this time.
March was a particularly good month for casinos as 12 states that record revenue levels have been recorded. Arkansas, Coloardo, Iowa, Maryland, Michigan, Missouri, Montana, Ohio, Oklahoma, Pennsylvania, South Dakota and Virginia had the best month in gambling market history. Nevada, the country's largest gambling market, hit the $ 1 billion 2020 threshold for the first time since February.
With online gaming as prevalent as ever in the United States, and with an ever-increasing number of states legalizing sports betting, new gambling paths have been a springboard to higher levels. Traditional casinos saw a 10% drop from Q1 2019, but online gambling has raised these numbers to exceed previous levels.
The US sports betting market also set new records with $ of 961 million in the first quarter of 2020. This is an increase of 270% year-on-year and more than the whole of 2019 when bookmakers total $ 909 million for the year.