U.S. Commercial Casinos Have Winning January
Industry Wins $3.4 Billion From Gamblers To Start 2017
Commercial casinos (non-tribal) across America won a combined $3.38 billion in January, an increase of 3.56 percent compared to January 2016.
That’s according to data compiled by the University of Nevada Las Vegas Center for Gaming Research. UNLV used publicly-released data from state regulatory bodies.
There are about 500 commercial casinos in the country, according to data from the American Gaming Association, the industry’s leading trade group on Capitol Hill.
Nevada, to no surprise, led the way during the month, winning $1.04 billion from gamblers. Nevada revenue was up 12 percent year-over-year. Pennsylvania was second best with $252.9 million in gaming win, followed by Louisiana with $241.2 million.
The biggest year-over-year gain was seen in Maryland, thanks to MGM National Harbor opening up late last year. Maryland gaming win grew 43 percent compared to the same month last year.
The state with the worst month was West Virginia, which saw gaming win fall 15 percent year-over-year to $46.2 million. The state has been hurt by gaming expansion in Ohio and Maryland.
Here’s a look at the figures:
New Jersey: $204,682,681
New York: $158,041,872
West Virginia: $46,229,285
Rhode Island: $42,028,693
New Mexico: $18,875,043
South Dakota: $6,724,336
The casinos won more than $40 billion last year, according to UNLV data. That was up from the roughly $39 billion won in 2015.
It’s worth noting that states like Florida and Oklahoma have large tribal gaming markets that aren’t included in the figures. Also, a state like California, which has a $4 billion a year tribal gaming market, isn’t included.
Collectively, the nearly 500 tribal casinos in 28 states win about $30 billion annually.
As for internet gaming, between Nevada, New Jersey and Delaware, there was about $200 million in revenue from online casino gambling last year, representing under five percent of total gaming win. Internet gaming could be a multi-billion-dollar market in the U.S. if more states legalize it.
Right now, New York and Pennsylvania are the front runners to do just that in 2017.
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