The American Gaming Association (AGA) has released the results of operations of commercial games for the third quarter and reports revenue of $ 13.89 billion, marking a second consecutive quarter of record growth for the US sector.
AGA has reported that with $ 38.67 billion in revenue through the first nine months of the year, the industry has already passed revenue generated for the full year 2020 and is on pace to smash its annual record of $ 43.65 billion, set in 2019.
In this regard, Bill Miller, president and CEO of AGA, says: "Two straight quarters of record gaming revenue is an incredible accomplishment in any context, let alone after the most challenging year in industry history."
As reported by AGA, traditional games continue to drive industry performance, with slots and table games combined setting a quarterly revenue record of $ 12.05 billion.
Along these lines, the association has explained in a press release that table game revenues exceeded its revenue record by more than 10% in the third quarter of 2021.
It should be noted that ten of the 25 states with commercial casinos posted quarterly revenue records, including the four highest-earning commercial gaming states in 2019: Nevada, New Jersey, New York and Pennsylvania.
On the Las Vegas Strip, gaming revenue also hit an all-time high of $ 2.06 billion. The record was driven, in part, by the steady return of tourism. 9.2 million people visited Las Vegas in Q3 2021, a nearly 10 percent increase over Q2 2021 and the highest quarterly visitation level since the COVID-19 health crisis started.
On the other hand, commercial gaming revenue was bolstered by record iGaming revenue of $ 938.6 million. Meanwhile, sports betting revenue saw a quarterly low for 2021 of $ 886.5 million due to a limited end-of-summer sports calendar. Combined sports betting and iGaming revenue through the first nine months of the year sits at $ 5.36 billion, up more than 200 percent year-over-year.
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