America’s casinos off to their quickest 2-month begin ever

ATLANTIC CITY, N.J. (AP) — America’s business casinos are off to their finest two-month begin ever, the most recent indication the business is recovering within the third yr of the coronavirus pandemic.

Figures launched Tuesday by the American Gaming Affiliation, the playing business’s nationwide commerce affiliation, present that income from in-person on line casino video games, sports activities betting and web playing reached $8.92 billion in January and February, up greater than 19% from the earlier file set in 2020.

The core of the playing business — in-person slots and desk video games income — was $7.18 billion within the first two months of 2022, up just below 1% from $7.11 billion throughout the identical interval in 2020.

The figures don’t embrace tribal-run casinos, a lot of that are experiencing related will increase.

“This file begin to the yr demonstrates the sustained momentum of our business’s restoration into 2022,” mentioned Invoice Miller, the affiliation’s president and CEO. “Whereas it stays to be seen if we’ll match final yr’s all-time excessive, it’s clear that People are persevering with to make gaming a first-choice leisure possibility.”

Solely 5 states are behind their playing income tempo at first of 2020: Kansas (-11.7%), Louisiana (-2.3%), New Mexico (-6.4%), Oklahoma (-5.2%) and Rhode Island (-13.3%).

The affiliation attributed the decrease win for the 2 Rhode Island casinos to “the extremely aggressive surroundings of New England after Encore Boston Harbor opened in June 2019,” including that Kansas casinos “proceed to really feel the influence of added competitors from a brand new tribal gaming facility near the state’s largest business on line casino.”

Las Vegas visitation contracted by 21.5% from February 2020, however was practically 70% larger than a yr in the past, based on the Las Vegas Conference and Guests Authority.

Mixed on line casino income from land-based slot machines and desk video games grew in 14 of 25 states by way of the primary two months of 2022 in comparison with 2020.

Web playing income from in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia reached $373.4 million in February, down 6.5% from January’s file however growing 46.1% from a yr in the past.

Mixed income from web playing and sports activities betting accounted for just below 16% of business on line casino income in February, which was the bottom share complete income since August 2021.

Final yr was the most effective ever for the U.S. on line casino business because it gained $53 billion. Nearly $45 billion was gained from in-person gamblers at casinos final yr, up 6.6% from 2019.

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Observe Wayne Parry on Twitter at www.twitter.com/WayneParryAC


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