August 10, 2021 Legal, Technology, Land Based

AGA: Q2 commercial gaming revenue hits $13.6 billion

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Thanks to recovery by brick-and-mortar casinos, sector sets new record.

US commercial gaming revenue reached $13.6 billion in second quarter, setting a new industry record, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker.

The total topped the previous record of $11.1 billion, which was set in Q3 2019 and matched in Q1 2021, by more than 22%.

With nearly $24.8 billion generated to date, the AGA said 2021 is close to surpassing 2020 full-year revenue ($30 billion) and on track to overtake 2019 ($43.6 billion) as the highest-grossing year ever for commercial gaming revenue.

Thirty states plus the District of Columbia featured operational commercial gaming markets in Q2 2021, including casino gaming, sports betting and online gaming.

“These first half results are truly remarkable,” AGA president and CEO Bill Miller said in a statement. “It is even more impressive when you consider commercial gaming revenue was at its lowest point ever just a year ago. This is a testament to our resilience and commitment to providing customers safe environments and world-class entertainment experiences.”

At the state level, 22 out of 25 commercial casino states saw quarterly gaming revenue increases in Q2 2021 compared to the second quarter of 2019. The majority (19 of 25) of commercial casino states outperformed their first half of 2019.

While growth in sports betting and online gaming buoyed the gaming industry over the last year, record brick-and-mortar casino revenue – up nearly 10% from its previous high in Q3 2019 to $11.8 billion – now is strengthening the industry’s record-setting recovery. The AGA said this is a result of easing capacity and amenity restrictions, coupled with continued consumer demand. While three-quarters of commercial casinos began Q2 capped at 50% capacity or less, nearly every commercial casino had returned to full capacity by the end of June.

Sports betting revenue declined 8 percent from the previous quarter to $889 million due to a quieter sports calendar. Despite this, the first half of 2021 has already generated more sports betting revenue ($1.8 billion) than all of 2020 ($1.5 billion).

Online gaming revenue also had a strong second quarter, achieving a new quarterly revenue record of $901 million, up 15% from the first quarter of 2021.

“The past 18 months have proven that this industry can persevere through hard times while remaining dedicated to our customers and communities,” said Miller. “Covid-19 is not yet in the rearview mirror, but I am confident the record first half of 2021 has laid a strong foundation for the industry’s full recovery.”

The American Gaming Association is a national trade group representing the $261 billion US casino industry, which supports 1.8m jobs nationwide. AGA members include commercial and tribal casino operators, suppliers, and other entities affiliated with the gaming industry

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