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NEWS 26 April 2017

US casinos experience 2% revenue decrease in February

By Nicole Abbott
The University of Nevada Las Vegas’ Center for Gaming Research have recently published a report which detailed that commercial casinos in the United States reaped a total revenue of $3.3bn in February, amounting to a 2% decrease year-on-year.

New sources have interpreted the information as proof that the revenue decrease was due to the 2016 leap year. The report established that win decreased in almost all the 23 states surveyed, with a few exceptions experiencing growth: Maryland, with a 38% increase; Illinois, with 4.6% growth; Ohio, with a 0.83% increase; Michigan, with 0.7% growth; and New Jersey, with a 0.3% growth. Maryland opened its new MGM National Harbor in December, which accounts for its strong results.

Nevada, reaping 28% of the total gaming revenue in the country, experienced a 4.5% decrease in February. Back in January, commercial casinos saw a 3.5% annual increase to a total of $3.38bn. Maine (with a decrease of 10%) and Mississippi (with a decrease of 9.6%) were experiences the greatest revenue fall in the US throughout the month of February.
RELATED TAGS: Casino | Financial
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