At the start of the year, gambling analysts around the United States were busy debating how well the country’s gaming industry would fare throughout 2021. Those that predicted a successful year for this industry are proving to be correct. New reports have just surfaced claiming US gambling revenue is already breaking records.
This is a major accomplishment for the gambling companies here. Now is a great time to talk about exactly how much gambling revenue has already been earned this year.
Let’s get into it!
AGA Gives Another Exciting Look at US Gambling Revenue Reports
The United States has been rapidly expanding its gambling industry lately. Early into 2021, the American Gaming Association released a report claiming that this year would be the best in history for the US gambling industry. Some argued against that idea, pointing toward the ongoing pandemic and numerous health restrictions set in place inside many casinos.
It seems that the AGA’s prediction has been correct. This week, this group released a new report showing that US gambling revenue has broken all-time records through the first eleven months of the year. $44.15 billion has already been collected by the country’s casinos. That surpassed the previous revenue record of $43.65 billion set in 2019.
AGA Senior Vice President Casey Clark spoke about this incredible development to the media this week.
“When full-year numbers are in, we expect commercial gaming revenue to come in around $50 billion — a remarkable turnaround for our industry that was devastated by COVID-19,” Clark said. “Our historic recovery is a testament to gaming’s world-class hospitality and entertainment experiences.”
Casino companies around the United States continue to see incredible revenue earnings. Certain states seem to be faring better than others. Let’s take a quick look at which states have been seeing the most casino revenue flowing in this year.
Looking at the Most Successful US Casino Hubs in 2021
The United States is home to nearly 1,000 casinos. Certain states are known for being home to more gambling properties than others. Fortunately, nearly all of the country’s casinos have seen impressive revenue gains throughout 2021.
Nevada remains the biggest casino destination in the country. 2021 has been a truly special year for this state’s gambling industry. Las Vegas has reported several record-breaking monthly revenue figures and a number of exciting new properties have opened their doors in this city.
New Jersey is the largest gambling hub on the East Coast. Most of the gaming properties in Atlantic City have seen consistent revenue surges over the past eleven months. The state’s sports betting industry is also the most successful in the country and helps to bring in a huge amount of revenue every month.
Many smaller casino destinations thrived throughout the year, too. That includes states such as Colorado, Maryland, and Pennsylvania. It just so happens that these states are also home to successful sports betting industries.
Much of the US gambling revenue earned in 2021 has come from the sports betting industry. Let’s take a look at how sports gambling continues to grow more popular around the US.
Analysts Predict the US Sports Gambling Industry to Grow in 2022
Prior to 2018, Nevada was the only state legally able to offer sports betting. That all changed once PASPA decided to strike down PASPA in 2018. This decision allowed every single state to formally legalize and regulate sports gambling.
More than half the country has already chosen to do so. Sports betting revenue continues to increase and more states are looking to launch their own sports betting industries. Many are expected to do so in 2022.
California’s sports betting industry could grow to become the largest in the United States. Lawmakers are continuing to negotiate with tribal groups on the ways to launch sportsbooks in the state. Fortunately, it seems very likely that a vote to legalize sports gambling in California will appear on the ballots next November.
Massachusetts is known as one of the East Coast’s major sports hubs. Lawmakers here are working hard to get sports gambling legalized in 2022. Many feel the sportsbooks here could compete with the ones in New Jersey and New York.
Are you surprised to see how quickly US gambling revenue is increasing? Will 2022 be an even better year for this industry? Let us know in the comments section below.