Record revenue reported from nation’s casinos for 2021

Nevada has produced its stock of gaming gross records this year, truthful it stands to crushed that the American Gaming Association is saying commercialized gaming gross nationwide volition beryllium the highest ever successful 2021.

And that’s without each of the November numbers successful and thing yet from December.

The AGA connected Wednesday affirmed that much than $44.15 cardinal has been collected by the nation’s 987 commercialized casinos truthful acold successful 2021. Several states reported their November gross figures successful the past week. The erstwhile record, acceptable successful 2019, was $43.65 billion.

One of the states expected to person beardown results — Nevada — won’t study November figures until the extremity of this month, with December gross to beryllium reported astatine the extremity of January.

Great expectations

“When full-year numbers are in, we expect commercialized gaming gross to travel successful astir $50 cardinal — a singular turnaround for our manufacture that was devastated by COVID-19,” said AGA Senior Vice President Casey Clark. “Our historical betterment is simply a testament to gaming’s world-class hospitality and amusement experiences.”

Casino gambling continues to thrust the industry’s recovery. Through October, slot machines and array games generated a combined $34.22 cardinal successful revenue, with $27 cardinal wagered connected slots.

Sports betting generated $3.16 cardinal successful gross done October — up 359 percent implicit the aforesaid play successful 2019. Sports betting has grown importantly since October 2019, erstwhile lone 13 states had live, ineligible betting. Currently, 30 states and Washington D.C. person legal, unrecorded sports betting.

The gross trends bode good for the industry. An AGA sheet of 24 casino institution CEOs surveyed past period recovered that fractional of them program to put superior successful edifice and nutrient and beverage amenities, portion 43 percent accidental they’ll upgrade slot machines connected casino floors.

Three-quarters of gaming instrumentality executives accidental they expect accrued income of gaming units for their floors successful 2022.

‘Not a flash successful the pan’

Last month, the AGA indicated it was comparatively definite 2021 would beryllium a banner twelvemonth for casinos aft a grounds 3rd 4th was reported, pursuing a grounds 2nd quarter.

“Two consecutive quarters of grounds gaming gross is an unthinkable accomplishment successful immoderate context, fto unsocial aft the astir challenging twelvemonth successful manufacture history,” AGA President and CEO Bill Miller said aft third-quarter results were announced successful November.

“Our betterment is not a flash successful the pan, but alternatively a sustained effect of our enactment successful liable reopening, world-class amusement offerings and wide favorability,” Miller said.

Ten retired of 25 states with commercialized casinos saw quarterly gross records successful July, August and September, including the 4 highest-grossing commercialized gaming states successful 2019: Nevada, New Jersey, New York and Pennsylvania.

On the Strip, gaming gross besides deed an all-time precocious of $2.06 billion. The grounds was driven, successful part, by the dependable instrumentality of tourism. 9.2 cardinal radical visited Las Vegas successful the quarter, a astir 10 percent summation implicit the 2nd 4th and the highest quarterly visitation level since the outbreak of COVID-19 successful March 2020.

“With brick-and-mortar gaming mounting records, the enlargement into caller verticals, and home and planetary tourism recovering, the manufacture is successful a beardown presumption for a afloat recovery,” Miller said. “I’m assured that the instrumentality of meetings, conventions and planetary question volition further accelerate gaming’s betterment successful 2022.”

This is simply a processing story. Check backmost for updates.

Contact Richard N. Velotta astatine rvelotta@reviewjournal.com oregon 702-477-3893. Follow @RickVelotta connected Twitter.