HomePublicationsNewsletter ArchiveVolume 26Issue 32NATIONALLY COVID-19 CAUSES 79% REVENUE DROP FROM Q2 LAST YEAR

The American Gaming Association's (AGA) new Commercial Gaming Revenue Tracker shows a 78.8 percent decrease in year-over-year revenue from the second quarter of 2019. Commercial gaming revenue totaled $2.3 billion for the second quarter of 2020. 

Compared with the second quarter of 2019, slot gaming revenue decreased 81.9 percent, table gaming revenue decreased 86 percent, and sports betting revenue decreased 46.3 percent. On the contrary, iGaming revenue increased 253.8 percent to $402.7 million in the second quarter of 2020. 

"COVID-19 has undoubtedly posed the most difficult economic challenge the gaming industry has ever faced," said AGA President and CEO Bill Miller. "Yet, gaming's record popularity prior to COVID-19, as well as our resilience in the midst of such adversity, is evidence of the industry's foundation for continued success as we emerge from the pandemic."

Before commercial casino closures earlier this year, commercial casinos saw a 10.4 percent increase year-over-year in gaming revenue. The consumer demand is still strong for brick-and-mortar casinos, as several states have reported year-over-year increases in average daily gross gaming revenue with the recent reopening of commercial casinos with limited capacity and amenities. 

During June, nearly 300 commercial casinos throughout the country reopened, boasting revenue four times greater than April and May combined. More than 85 percent of casinos are now open, including nearly 90 percent of commercial casinos.

"The gaming industry has been a leader in implementing rigorous, innovative protocols that have allowed the vast majority of our properties to reopen and stay open," said Mr. Miller. "With business returning to casino floors and sports books seeing increased action, the gaming industry is steadily charting a responsible path to recovery that prioritizes health and safety, supports the communities where we operate, and offers first-class entertainment."

Sports betting has been greatly impacted by the shutdown of sports leagues. iGaming generated more revenue than sports betting in the second quarter, but is only legal in Delaware, Pennsylvania, Nevada, New Jersey, and Michigan.

In Michigan, more people are playing the Michigan Lottery. According to Michigan Information and Research Service (MIRS), School Aid Fund revenue from the Lottery is 69.4 percent above projections, up $42 million. 

For more information and to view the whole report, click here.


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