us. Continue to claim over $200 in game revenue through
Maybe it's a sign that the recession is easing, maybe it's just a reflection of the growth in legal brick-and-mortar gambling in the U.S., but whatever the reason, the U.S. commercial casino industry took a hit in 2012, bringing in $37.34 billion year-over-year. an increase of $4.8 billion. It was also the strongest growth since the recession hit the industry in late 2007.
AGA Publishing Report
The American Gaming Association (AGA)—the trade/lobbying arm of the land-based casino industry—brings us good news in its annual State of the Nation report.
In 2007, when the recession first hit in December of that year, U.S. casinos generated $37.52 billion in gambling revenue, but those numbers declined over the next two years. New casino openings in various states, whether new or expanding, and a slow but steady improvement in the economy mean last year's numbers were the most optimistic since the gambling report was released in late 2007. The 2012 report included money from land-based casinos as well as riverboat and horse racing casinos in 23 states.
Retiring AGA President Frank Fahrenkopf Jr. said, "After three years of continued growth and positive signals from all sectors of the industry, we have clearly weathered the recession. Whether we are looking for jobs or casino visitors, what matters most is Yes, there are many reasons for optimism in the commercial casino industry,” he added.
Nevada leads
Not surprisingly, Nevada ranks first in the commercial casino wars, with year-end profits of $10.86 billion in 2012, according to the AGA. It may surprise some that Pennsylvania surpassed New Jersey on the Monopoly list, with $3.16 billion in casino revenue last year. Poor, struggling Atlantic City, which was hit hard last year by Hurricane Sandy and poor marketing decisions, ranked third with annual take-home pay from its 12 casinos.
Ironically, this could mean Atlantic City has to leave the Boardwalk and buy another city in the game.
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Source: www.casino.org
