{"id":144899,"date":"2020-08-14T07:58:15","date_gmt":"2020-08-14T14:58:15","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=144899"},"modified":"2020-08-14T10:27:41","modified_gmt":"2020-08-14T17:27:41","slug":"us-commercial-casino-revenue-down-79-percent-in-second-quarter","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/us-commercial-casino-revenue-down-79-percent-in-second-quarter\/","title":{"rendered":"US Commercial Casino Revenue Down 79 Percent in Q2, But Industry Leaders Confident in Recovery"},"content":{"rendered":"

US commercial casino revenue dropped nearly 79 percent in the second quarter of 2020 due to COVID-19 shuttering gaming floors. But industry leaders believe a strong recovery is already underway.<\/p>\n

\"casino
Amid a pandemic, a gambler tests his luck on a slot machine at Ocean Casino Resort in Atlantic City. (Image: Alejandro Alvarez\/The Philadelphia Inquirer<\/em>)<\/figcaption><\/figure>\n

The American Gaming Association (AGA), the gaming industry’s preeminent lobbying firm in DC, unveiled its new “Commercial Gaming Revenue Tracker” this week. The online tool provides state-by-state and cumulative insight into the US commercial casino industry based on state revenue reports.<\/p>\n

The tracker’s first quarterly report will hopefully be its worst. Gross gaming revenue (GGR) totaled $2.3 billion April through June, a year-over-year contraction of 78.8 percent.<\/strong><\/p>\n

\n

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 our resilience in the midst of such adversity, is evidence of the industry’s foundation for continued success as we emerge from the pandemic.”<\/p>\n<\/blockquote>\n

During the three months, slot machines won $1.3 billion (-81.9 percent), table games $286.9 million (-86 percent), and sportsbooks<\/a> $64.2 million (-46.3 percent). The lone beneficiary to the closures of brick-and-mortar casinos was internet gaming, which saw revenues increase 253.8 percent to $402.7 million.<\/p>\n

The AGA says it will release a casino revenue summary each and every quarter moving forward. The group explains the goal is to track the industry’s economic recovery<\/a>.<\/p>\n

Losers and Losers<\/b><\/h2>\n

There were no winners in Q2 2020, as the 27 states that have commercial gaming all reported year-over-year losses. Six states — Illinois, Maine, Massachusetts, Michigan, New Mexico, and New York — endured GGR of $0, as their casinos were closed for the entire three-month duration. New Mexico only has Native American casinos, but does have commercial racinos with slot machines.<\/p>\n

\n

The country’s largest gaming states were also the biggest Q2 losers. Compared with their 2019 Q2 GGR, Nevada casino win was down more than $2.38 billion (-80.5 percent). Pennsylvania casinos reported $601.6 million fewer gaming dollars (-71.5 percent), and Atlantic City lost $550 million (-66.6 percent).<\/strong><\/p>\n<\/div>\n

Per the AGA’s COVID-19 casino tracker, 851 commercial and tribal casinos are back open for play. Only 139 remain closed. In mid-April, every single casino floor was shuttered.<\/p>\n

Recovery Underway<\/b><\/h2>\n

Miller says that while April and May experienced GGR declines upwards of 90 percent, June marked the reopening of almost 300 commercial casinos, and with it, operators saw a pent-up demand.<\/p>\n

The AGA says June revenue was nearly four times greater than April and May combined.<\/strong><\/p>\n

“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,” Miller said.<\/p>\n","protected":false},"excerpt":{"rendered":"

US commercial casino revenue dropped nearly 79 percent in the second quarter of 2020 due to COVID-19 shuttering gaming floors. But industry leaders believe a strong recovery is already underway. The American Gaming Association (AGA), the gaming industry’s preeminent lobbying firm in DC, unveiled its new “Commercial Gaming Revenue Tracker” this week. 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