Things can change fast in the gambling industry. 2020 was the worst year in history for the US gambling industry. Incredibly, things have completely turned around in 2021. New reports indicate US casino revenue for 2021 is set to break new all-time records.
Casino hubs across the country have been seeing a staggering amount of revenue flowing in lately. Many are now wondering how long this will continue. Now is a great time to talk about how much money US casinos have been bringing in this year.
Let’s get into it!
States Go Against Ordering Intense Health Restrictions for Casinos
There have been some major concerns about the US casino industry in recent months. This is largely due to the spread of the new Delta variant. Infections have been increasing in many areas of the world and health officials have been warning that new restrictions may need to be set in place.
This sent chills up the spines of all US casino companies. These companies were devastated by the mass shutdowns and subsequent restrictions ordered throughout 2020. Things have been steadily improving in 2021, yet another round of restrictions could undo much of the progress being made here.
Every state has the ability to implement its own restrictions. Some are known for taking a more intense approach to its Covid-19 rules than others. Fortunately, it doesn’t appear that any massive restrictions are being ordered for US casinos.
Over in Nevada, masks are now once again required by patrons and employees on the casino floor. State leaders have chosen against ordering another capacity limit for casinos. Tourism and gambling revenue continues to increase here and it doesn’t appear that these mask rules are having any major effect.
Atlantic City is also requiring masks inside casinos. This is the largest gambling hub on the East Coast. A huge number of casinos here are undergoing renovations and continue to prepare for increases in their tourism rates.
The US casino industry continues to see increases in revenue, despite the fears surrounding the Delta variant. Now is a great time to look at how much money US casinos are managing to bring in right now.
US Casino Revenue for 2021 is Poised to Break Records
Since the start of 2021, casinos around the United States have been seeing consistent increases in their revenue figures. Most casino restrictions have been lifted and travel is up around the country. It’s great news for the various casino companies around the US.
Not long ago, new reports surfaced claiming US casino revenue for 2021 is set to break new records. The American Gaming Association released its report claiming that casinos in the US had their best second-quarter in history by taking in $13.6 billion. That is leading some to feel that this could be the best year in history for the industry.
Back in 2019, US casinos managed to bring in $43.6 billion in total revenue. More than $25 billion has already been brought in over the first six months of 2021. If the current trend continues, casino revenue will break records by a large margin. AGA President and CEO Bill Miller spoke to the media about this development this week.
“These first half results are truly remarkable,” Miller said. “COVID-19 is not yet in the rearview mirror, but I’m confident the record first half of 2021 has laid a strong foundation for the industry’s full recovery.”
Of course, some fears still linger over the aforementioned Delta variant. If cases begin to truly surge around the country, more intense regulations will need to be ordered. Until that happens, however, US casinos will likely continue seeing major boosts in their monthly revenue figures.
Sports betting revenue also continues to increase around the United States. Now is a great time to look at how much money states are earning from their sports gambling operations.
Sports Betting Revenue Continues to Increase
The US sports betting industry has expanded rapidly over the past few years. This all started when the US Supreme Court decided to strike down PASPA in 2018. This decision gave every single state around the country the ability to legalize and regulate sports gambling.
Most states allow both land-based and online sports betting. These states are earning a huge amount of revenue from this industry every month. This past June, different states saw fluctuating revenue figures earned from their sports betting operations.
Iowa experienced a slight dip in its sports betting revenue. That’s not a surprise, as July tends to be the worst-performing month for the sports betting industry every year. The sports betting operators here saw just $89 million in total betting handle.
Illinois is home to the second-largest sports betting industry in the United States. This past July, the sportsbooks here saw $47.5 million in total gross gaming revenue. This is expected to increase significantly over the months of August and September.
It’s an exciting time for the entire US gambling industry. 2021 is shaping up to be the best year in history for the casino and sports gambling operators here. We’ll be sure to continue offering updates on the revenue figures here as the year goes on.
Are you surprised to see where US casino revenue for 2021 stands? Do you think this will be the best year in history for the casino industry? Let us know in the comments section below!