Report: US Commercial Casinos Report Strong August Earnings

maryland casinoAccording to a new report published by the University of Nevada Las Vegas Center for Gaming Research, commercial casinos across the country reported on strong gaming revenues. Casinos in 24 states nationwide brought in a combined revenue total of $3.4 billion in August 2017, a 4% increase year on year, revealed the report. This number does not include revenue from tribal casinos.

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Nevada was by far the strongest contributor overall to the August total, with its own revenue climbing 15% compared to the same month last year. All in all, Nevada brought in 30% of the August revenue. The massive August tally for Nevada was put down, in part, to the boxing match fought between Floyd Mayweather and Conor McGregor. The match brought in a record-breaking $70 million in wagers when it took place in the last week of August.

Nevada’s poker numbers also grew, bringing in $5.3 million, or 6% more revenue when compared to August 2016.

But Nevada wasn’t the only state in the US to report on strong revenue at their commercial casinos.

The following are just some of the states that saw significant growth:

* Illinois‘ August numbers grew 8% year on year to $224 million.
* Ohio‘s revenues for the month grew 6% year on year to $145.7 million.
* Maryland saw a massive 32% increase compared to August last year, with $137.5 million to show.
* Pennsylvania‘s revenues grew 2.5% to $267.4 million.

Some states showed negative numbers year on year. New Jersey, for example, reported a slight dip of 0.4% compared to last year, while West Virginia saw a major fall by 7% to $244.8 million.

The UNLV report is the best known publicly-available source for all U.S. commercial casino revenue on a monthly basis. According to the report it “gathers together monthly data from every available jurisdiction” and “uses publicly-released data from state regulatory bodies”.

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