Gaming industry is back in the US as record revenue registered in Q1

Posted:: May 12, 2021 11:29 Category: Americas , Casino , Land-Based , Posted by

The gaming industry is back in full force in the US according to new revenue statistics for Q1, released by the American Gaming Association (AGA) 

According to its Commercial Gaming Revenue Tracker, Q1 2021 posted a record $11 billion gaming revenue, matching Q3 2019 as the industry’s highest-grossing quarter ever. 

This performance marks a 4.1 percent increase over the industry’s pre-pandemic performance in Q1 2019 and is a 17.7 percent increase over Q1 2020, when the entire gaming industry shut down in March due to COVID-19.  

america flagThe AGA said that the strong industry performance in Q1 signifies an accelerating recovery for the industry. Gains in gaming revenue were largely driven by the industry’s performance in March, the highest-grossing revenue month in history for US commercial gaming 

More than half of states with casinos saw quarterly gaming revenue increases over Q1 2019, with several states reporting record quarters.  

“These results show gaming’s comeback is ahead of schedule,” said AGA President and CEO Bill Miller. “Throughout the COVID-19 pandemic, our industry has faced numerous challenges head-on while still reopening responsibly and providing a safe, exciting environment for customers.”  

Despite significant COVID-mandated restrictions on casino capacity and amenities across the country, traditional casino games generated 90 percent of their Q1 2019 revenue, with March 2021 revenue for slots and table games coming within one percent of March 2019 totals. 

Sports betting revenue for Q1 2021 saw a quarterly US record of $961 million, up 270 percent over Q1 2020 and surpassing 2019’s full-year total of $909 million.  

Boosted by the January launch of online casinos in Michigan, iGaming generated $784 million nationwide in Q1 2021, more than tripling US iGaming revenue from Q1 2020.   

SiGMA News:
Hot off the gaming press with up-to-the-minute-global coverage spanning verticals from responsible gambling and eSports to Deep Tech and online gaming, the news portal offers in-depth coverage of the gaming and tech industries. SiGMA News features a consistent and varied output of content, articulating a plethora of diverse voices, ranging from investigative news to interviews with the industry elite and expert-led thought leadership.

Related Posts