United States casinos off to a blistering start in 2022
The nation’s casinos won $8.92bn in the first two months of the year, outpacing 2019 by almost 20%.
Casinos across the United States are off to their greatest start to a year in recorded history. Comfortably outpacing the height of pre-pandemic revenue, January and February saw the nation’s commercial land-based properties win $8.92bn from players.
As reported by the American Gaming Association (AGA), this marks a 19.2% increase over the casinos’ winnings from 2019, when the industry was at the peak of its powers.
“This record start to the year demonstrates the sustained momentum of our industry’s recovery into 2022,” noted Bill Miller, the AGA’s President and CEO. “While it remains to be seen if we’ll match last year’s all-time high, it’s clear that Americans are continuing to make gaming a first-choice entertainment option.”
Of the 28 states examined by the AGA, 23 posted gains on their earnings from 2019. New Hampshire saw increases 201% while Michigan, Oregon and Colorado noted increases of 100%, 76% and 55% respectively.
Not every state posted increases on casino revenue, with Louisiana, New Mexico, Oklahoma and Rhode Island all seeing minor drop offs.
This news comes amid a growing iGaming market in the United States. Currently, only five states allow for legal and regulated online casino games, however, as more states adopt this model, it is likely that land-based casino revenue will begin to fall.
Presently, New York is considering opening its online casino market following the unprecedented success of its online sports offering that launched earlier this year.
However, the land-based casino industry undoubtedly remains a powerful player in the nation’s gaming scene, with super-sized resort casinos such as the Palms Las Vegas ready to open its doors later this year.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
