A massive month for Nevada helped propel the far-reaching U.S. commercial casino industry to a strong August.
The casinos across two dozen states had combined gaming revenues of more than $3.4 billion, according to data compiled by the University of Nevada Las Vegas. The industry, which excludes tribal-run casinos, saw revenue from gambling increase year-over-year by more than four percent.
Nevada contributed $989.5 million to the nationwide win, or about 29 percent. Silver State gaming win was up nearly 15 percent compared to August 2016.
The Aug. 26 exhibition boxing match between Floyd Mayweather and the UFC’s Conor McGregor drew about $70 million worth of legal bets and helped fuel more gambling on the other casino games. Poker even saw a noticeable bump in Las Vegas, with the market for cash games on the Strip growing nearly six percent year-over-year to $5.3 million.
Outside of Nevada, Ohio saw a strong month with gaming win growing more than six percent year-over-year to $145.7 million. Illinois did as well, with gaming win of $224 million representing an eight percent gain. Maryland, as has been the case since the MGM National Harbor casino opened in December, saw gaming grow by a whopping percentage in August. Revenues of $137.5 million were a 32 percent increase year-over-year. Pennsylvania reported a meaningful gain of 2.5 percent to $267.4 million in winnings.
West Virginia has been hit hard by Maryland’s gains. The state’s casinos won $44.6 million in August, down nearly seven percent. Revenue is down six percent on the year.
Atlantic City casinos took a step back in August, as gaming win of $244.8 million was down 0.4 percent. That was despite internet gaming revenue growing 32 percent.
Through the first eight months of 2017, the U.S. commercial casino industry won a little over $28 billion from gamblers. The only month that saw a revenue decline was February, but there was one less day due to 2016’s leap year.
The data doesn’t include gaming revenue from the nation’s tribal casino industry, which wins about $30 billion annually. Commercial casinos win more than $40 billion.
A commercial casino is a land-based, riverboat, dockside or racetrack facility operated by private companies under licenses from state governments, according to the American Gaming Association.
Source : www.cardplayer.com