HomePublicationsNewsletter ArchiveVolume 25Issue 17THE AGA ANNOUNCES FOURTH CONSECUTIVE YEAR OF REVENUE GROWTH FOR COMMERCIAL GAMING INDUSTRY

In a press release dated June 11, 2019,  the American Gaming Association (AGA) announced that gaming revenue for the U.S. commercial casino industry reached an all-time high of $41.7 billion in 2018, up 3.5 percent from the previous year. This data was compiled according to the AGA’s  State of the States 2019: The AGA Survey of the Commercial Casino Industry.

Key findings from the State of the States 2019 report include:

  • The commercial casino sector—with 465 casinos—logged its fourth consecutive year of gaming revenue growth and outpaced the national economic growth rate in 2018;
  • The industry generated $9.7 billion in gaming taxes for state and local governments, a number that does not account for the billions more in sales, income and other taxes that benefit communities; and
  • Half of the 24 states with commercial casinos reported record annual gaming revenue with nearly every state seeing gains in 2018, contributing to the strength of local economies across the country.

“Year after year, the commercial casino industry has reaffirmed its role as an economic powerhouse in the United States,” said Bill Miller, president and CEO of the American Gaming Association. “More people than ever are experiencing the economic and social benefits of gaming in their communities, due in part to the expansion of legal sports betting across the country.”

Part of the 2018 success can be attributed to the expansion of legal sports betting across the U.S., with consumers in eight states able to place a legal sports wager by the end of 2018. Total industry-wide revenue from sports betting grew to $430.2 million in 2018, up from $261.3 million in 2017. The AGA anticipates this growth to dramatically ramp up as additional states legalize and regulate sports wagering.

For more information on the AGA Survey or to learn more about the American Gaming Association, please visit the AGA website.

 

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