$3.4 Billion For the US Casinos in August
Commercial casinos operating across the United States recorded a combined gross gaming revenue of $3.4 billion, which represents a year-on-year increase of 4.4%.
These numbers were revealed by the University of Nevada Las Vegas Center for Gaming Research, in its latest report.
The August numbers were a bit down when compared to July when the US casinos took home $3.675 billion. However, a total of $28 billion generated from January 1 to August 31 show a massive rise of 16.63% over the same period last year.
Winners and Losers
Maryland was the state to achieve the biggest revenue growth, while the positive result of 32.4% was mainly achieved due to the success of Oxon Hill’s MGM National Harbor casino.
The runner-up was Nevada, with 15%, followed by Kansas, which recorded a jump of 11%. The biggest losers were West Virginia and Louisiana, with declines of 6% and 4% respectively.
Nevada accounted for around 29% of the entire combined revenue, or $989.5 million with the August 26 boxing match between Mayweather and McGregor, which alone grossed $70 million.
Deep Economic Impact
According to the American Gaming Association (AGA), the casino gaming has an invaluable economic impact, not only because it brings around $97 billion, but also because it supports 635,000 tribal gaming jobs.
Geoff Freeman, president and Chief Executive Officer of the AGA, said casino gaming was a strong partner across the 40 where the industry operates. Freeman added he was confident the industry would continue to grow in the future.
Experts from Spectrum Gaming Group agree in their recently published report that gaming’s influence is felt across the countries, but especially in smaller communities. Casino gaming industry is responsible for $52 billion in small business revenues and $13 billion in small business employee wages.