The gaming industry is rebounding from the pandemic-stricken year of 2020. With most casinos in the country open and thriving, the gaming industry is well on the road to recovery, according to statistics compiled by Senior Analyst Ken Adams for the Adams Revenue Revue.
In May, revenue from casinos, igaming, sports betting and VLTs was $4.83 billion, 28.0% more than in May 2019.
“Comparing 2019 to 2021 is not apples-to-apples; igaming and sports betting had a much greater impact in 2021 than in 2019,” Adams says. “But even if you subtract remote sports and igaming, retail gaming produced over $4 billion in May. It is an amazing recovery for the disastrous May in 2020 and even better than the robust May 2019.”
Because of nationwide casino closures, revenue in May 2020 was only $362 million, with 45% coming from online or remote sports betting and igaming in Delaware, Iowa, Nevada, New Jersey, and Pennsylvania. Year-to-date, gaming revenue totaled $20.3 billion, a 49.7% increase over 2020.
Standout market performances include Pennsylvania where revenues grew 42% over 2019 to $413.1 million, Atlantic City where revenues of $374.2 million topped 2019’s by 35%, and Michigan where igaming and sports betting legalization helped revenue grow 79% to $225.3 million despite a drop in casino revenue.
The Adams Revenue Revue is a monthly premium subscriber only newsletter which includes a comprehensive state-by-state and market-by-market breakdown of monthly casino revenue across the country. Click here to get a free trial subscription.
