{"id":155487,"date":"2020-11-16T13:08:05","date_gmt":"2020-11-16T21:08:05","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=155487"},"modified":"2020-11-16T14:21:38","modified_gmt":"2020-11-16T22:21:38","slug":"us-commercial-casino-revenue-down-19-percent-q3","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/us-commercial-casino-revenue-down-19-percent-q3\/","title":{"rendered":"US Commercial Casino Revenue Down 19 Percent in Third Quarter, Win Totals $9B"},"content":{"rendered":"

In the third quarter of 2020, US commercial casinos won more than $9 billion on their gaming floors and interactive online and mobile platforms.<\/p>\n

\"casino
Though casinos in the United States saw play return in the third quarter, gross gaming revenue remains down compared with 2019. (Image: Reuters<\/em>)<\/figcaption><\/figure>\n

The American Gaming Association (AGA) reports that total gross gaming revenue (GGR) was $9.04 billion. Slot machines accounted for the lion’s share at $5.87 billion. Table games won $1.57 billion, internet gaming $435 million, and sportsbooks kept $352.3 million of bettors’ wagers.<\/p>\n

The $9.04 billion number represents an 18.9 percent decline compared with the same three months in 2019.<\/strong><\/p>\n

The AGA reports<\/a> that 442 commercial casinos were in operation during Q3. They continue to operate in reduced capacities and under strict COVID-19 regulations.<\/p>\n

Though Q3 was a 294 percent surge on Q2’s historic GGR record lows<\/a>, casino win remains down 36.5 percent through the nine months of 2020.<\/p>\n

Nevada Drags Industry<\/b><\/h2>\n

The most important state to the health of the nation’s overall gaming industry is Nevada. Silver State casinos experienced a rebound in the third quarter, but GGR remains severely reduced.<\/p>\n

\n

Nevada casinos reported a GGR of $576.3 million in the second quarter, a year-over-year drop of 80.5 percent. As casinos were permitted to reopen in early June, gaming revenue improved in Q3 to $2.3 billion. However, that’s still a 23.5 percent reduction compared with 2019.<\/p>\n<\/div>\n

Thanks to its online gambling and mobile sports betting, New Jersey’s Q3 revenue was $914.1 million, a 7.7 percent year-over-year drop. Pennsylvania fared even better, as the Keystone State also has internet gambling and online sportsbooks. Pennsylvania GGR was $893.1 million, a 3.8 percent premium in 2019.<\/p>\n

Here are the remaining top 10 GGR states in the third quarter.<\/p>\n

    \n
  • State — Q3 Revenue — YoY Change (decline)<\/strong><\/li>\n
  • Mississippi — $555.6M — 2.8 percent<\/li>\n
  • Indiana — $549.7M — (2.3 percent)<\/li>\n
  • Ohio — $517.8M — 7.5 percent<\/li>\n
  • Louisiana — $452.4M — (25.0 percent)<\/li>\n
  • Maryland — $433.2M — (2.8 percent)<\/li>\n
  • Missouri — $393.1M — (9.7 percent)<\/li>\n
  • Iowa — $369.3M — (3.0 percent)<\/li>\n<\/ul>\n

    Sports Betting, iGaming Growth<\/b><\/h2>\n

    A couple of bright spots in the AGA third-quarter US casino industry report is sports betting and internet gambling, which saw revenues increase.<\/p>\n

    US sportsbooks took a record $5.95 billion in bets during the quarter, the market’s highest-ever quarterly handle.<\/p>\n

    AGA analysts credited the sports betting handle to an unprecedented three-month period that saw the NFL, MLB, NBA, NHL, professional golf, and college football all in action.<\/p>\n

    Sports betting revenue bounced back strongly in Q3 thanks to the growth of sports betting in Colorado, DC, Illinois, and Michigan, the AGA report said.<\/strong><\/p>\n

    Revenue from online slots and table games climbed eight percent. While iGaming again enjoyed a strong quarter, the AGA warns that “Q3 was the first quarter since Q2 2018 with a slower rate of growth compared to the preceding quarter.”<\/p>\n","protected":false},"excerpt":{"rendered":"

    In the third quarter of 2020, US commercial casinos won more than $9 billion on their gaming floors and interactive online and mobile platforms. The American Gaming Association (AGA) reports that total gross gaming revenue (GGR) was $9.04 billion. Slot machines accounted for the lion’s share at $5.87 billion. Table games won $1.57 billion, internet […]<\/p>\n","protected":false},"author":25,"featured_media":155492,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nUS Commercial Casino Revenue Down 19 Percent in Third Quarter<\/title>\n<meta name=\"description\" content=\"US commercial casinos in the third quarter of 2020 won $9 billion, but that's a steep decline compared with the same period in 2019.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/us-commercial-casino-revenue-down-19-percent-q3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Commercial Casino Revenue Down 19 Percent in Third Quarter\" 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