HomePublicationsCurrent NewsletterVolume 26Issue 44COMMERCIAL GAMING REVENUE REACHES $9B IN THIRD QUARTER

United States commercial gaming revenue totaled $9.04 billion in the third quarter, reaching 81% of pre-COVID levels when compared with the third quarter of 2019, according to the American Gaming Association in a press release. Third quarter revenue is up 294% from second quarter's pandemic closures. Gaming revenue is down 36.5% year-over-year in the first nine months of 2020 compared with a 3% decline in the United States' gross domestic product (GDP) during the same period.

"Our industry continues to prioritize the health and safety of our employees, customers, and communities above all else," said AGA President and CEO Bill Miller in the press release. "While these quarterly results are promising, the reality is a full recovery is dependent on continued public health measures to control prevalence rates."

"As state and local officials respond to current COVID-19 outbreaks with additional restrictions, urgent Congressional action to provide COVID-19 relief is even more crucial. Gaming employees and communities depend on it," said Mr. Miller.

More than 100 casinos reopened during the third quarter, making 902 commercial and tribal casinos (90.8% of total) operational by the end of September. At the start of the third quarter in July, 800 casinos (80.8% of total) were operational.

Although slot and table game revenues were down in the third quarter compared with 2019, sports betting revenue bounced back in many new legal betting markets, including Michigan. 

As of November 16, the date of the press release, the AGA reported that 911 of 994 United States casinos across 40 states have partially reopened. This includes 442 commercial casinos (94.7% of total) and 469 tribal casinos (89% of total). The AGA's COVID-19 casino tracker shows the reopening status of United States casinos.

 

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