Until 2021, US commercial gaming income will break records

Through October, US commercial gaming revenue has reached $43.43 billion. This amount is 19.8% more than the same ten-month period in the previous year and almost equals the industry's 2019 full-year record of $43.65 billion.

According to the American Gaming Association, 2021 has now eclipsed the aforementioned full-year revenue record after a number of states released their November revenue figures.

The aggregate income from traditional casinos, sports betting, and online gambling in October was $4.75 billion, the second-highest monthly total and a rise of 30.7% from two years earlier. This was the month that saw Connecticut become the nation's 34th commercial gaming state. Revenue increased by 4.8 percent from September on a sequential basis.

After failing to do so earlier, the sector has now exceeded $4 billion in monthly commercial gaming revenue for eight straight months.

At the state level, New Mexico had a 0.7% loss in revenue from two years prior, while 24 of the 25 jurisdictions that were in operation in October 2019 reported revenue growth.

Through October, conventional gaming income increased by double digits over pre-pandemic levels, hitting $3.97 billion. Casino slot game revenue was $2.84 billion, up 16.0% from 2019, and table game revenue was $831.2 million, up 23.2% from two years earlier.

Traditional casino games brought in $37.24 billion from January to October, a 5.8% rise from the same ten-month period in 2019.

At the state level, brick-and-mortar casino revenue increased from 2019 in 23 of 25 states, with Michigan (-3.6%) and the aforementioned drop in New Mexico seeing the only slight dips.

As compared to the same ten months in 2019, conventional gaming income increased in 14 of 25 states in October. The reductions were attributed to lengthier durations of COVID-19 limitations or shutdowns.

Throughout the month, iGaming revenue hit an all-time high of $357.3 million, with sportsbooks holding $407.7 million, almost surpassing September's previous record of $405 million.

Sports betting and online gaming combined revenue accounted for 16.1% of all commercial gaming income in October, remaining constant from September.

What is Responsible Gambling?

Every type of gambling should adhere to the principles of the Gambling Act and be performed securely and responsibly in order for it to be pleasurable but never detrimental to an individual or their family. This is the general idea behind responsible gambling. Although it may have a good time and entertaining form of entertainment, gambling can also have bad effects if it is not properly controlled by the player or the promoter. Consumers should always be informed of the odds or possibilities of winning, all the terms and conditions, and should be urged to play only with an amount they can afford and find pleasurable.