Illinois the only US state to see gaming revenue increase in June
Illinois is so far the only US state to report year-on-year growth in June; its casino revenue increased 5% to $110.7m.
This is despite Caesars’ operating revenue falling 5% to $64.8m in June and Penn National dropping 8% to $30.9m in Illinois. Both are multiple property operators.
What’s more, Hard Rock International’s Redford location saw revenue fall 16% month-on-month.
But the success of DraftKings at Casino Queen has helped offset the performance dip of other operators. DraftKings took $6.5m for the month, a 23% increase on May.
Bally’s Quad Cities had a successful June too, posting a 17% monthly increase, while Rivers-Des Plaines rose 12%.
Illinois has made great strides year-on-year, land-based revenue has risen 18%, iGaming by 59% and sports betting a significant 85%.
Recently, New York posted its June revenue down 34% month-on-month, while Iowa saw sports betting revenue fall 22%.
Other states reporting June figures include Maryland, which took $16m less than in May. In fact, May saw Maryland’s second-best revenue on record: $178.8m for the month.
Delaware’s numbers were its worst since August 2020, the total sports betting handle was $6m, down 15.6% from May.
Furthermore, net proceeds plummeted by over 100% from $495,676 to $212,768 across Delaware’s three major race tracks.
Illinois is the only state to go against the post-sports season slump felt by other US states. Both the NFL and NBA are in the off-season from June, with MLB being the only US sports league in action throughout the summer months.
It remains to be seen if other states will join Illinois as outliers in gaming financial trends.
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