Data compiled by J.P. Morgan investment bank pointed toward a four percent-plus revenue pickup at regional casinos in February. The information, culled from 17 properties, was released March 9 by analyst Daniel Politzer.
Politzer’s data showed February casino foot traffic up 1.1 percent, implying a revenue improvement of 4.5 percent. The calendar was neutral, with an equal number of weekend days as in February 2025.
Adverse weather may have dampened the increase somewhat, Politzer wrote, noting that it was also a negative impact on many United States casinos in early 2025. He continued, “Regional gaming properties may be in the early stages of seeing some tax refunds flow through,” in terms of increased customer spending.
The analyst said that player outlays were historically 1.8 times as high on weekend days. He also pointed to an improving trend in gross gambling revenue. Whereas December 2025 was almost flat, January was up 4.3 percent. Politzer had expected December to be off 2.5 percent and January to be up only two percent.
He added that tax refunds were up nine percent. He wrote, “We would expect tax refunds to be a positive catalyst for regional casino demand.”
