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February 10, 2022, the best year ever for a customer playing slots his machines at his resort at Ocean Casino in Atlantic City, New Jersey. (AP Photo/Wayne Parry)
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The American Gaming Association, the gambling industry’s national trade body, said face-to-face gambling remains the main source of income for the gambling industry, even as internet and sports betting continue to grow in the United States. announced year-end figures showing
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His $53 billion earned by casinos is more than 21% higher than his best year of 2019 before the coronavirus pandemic hit.
They also show that even during the pandemic, when highly contagious virus variants surged, many gamblers were not deterred from visiting casinos in person.Casinos are trying to limit the spread of the virus. We have spent millions of dollars on health and safety protocols to
“These results are amazing,” said Bill Miller, association president and chief executive officer, at a webinar discussing the results. It reflects the commitment and how Americans have welcomed the nationwide expansion of gaming.In today’s industry, whether in casinos or mobile games, customers can effectively sell their products how and where they want them. We are responding.”
This figure does not include Tribal Casinos, which report their revenue separately. But Miller said, “Tribal leaders told me as well that 2021 was the best year on record.”
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Of his 33 states with commercial gambling and Washington D.C., 23 set earnings records last year.
Sports betting continues to grow rapidly, and last year he said more than $57 billion was legally wagered on games, up 165% from 2020. Of that total, casinos and racetrack sportsbooks made about $4.3 billion after winning bets and other expenses. This is his 177% increase from 2020.
The launch of new commercial sports betting markets in Arizona, Connecticut, Louisiana, Maryland, South Dakota, Virginia and Wyoming also helped.
His two new internet gambling marketplaces in Connecticut and Michigan will also open for him in 2021, with revenue in the sector reaching his $3.7 billion.
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Combined annual sports and internet gambling revenue totaled $8 billion, up 158% from 2020 and accounting for a record 15.1% of annual gambling revenue.
The group expressed concern about the slow resumption of business and leisure travel during the pandemic, with overall travel spending down 20% from pre-pandemic levels, Miller said.
“Business travel, meetings and events, and entertainment, which are important revenue streams for many operators, have been slow to recover,” he said. “This impact is exacerbated by a drop in international visits to the United States, critical for a full recovery in destination markets like Las Vegas, and visits by older core casino viewers are at pre-pandemic levels. just returned to
“The full recovery of the game still depends on the full recovery of travel and large-scale events that require a safe health environment and an open economy,” he said.
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Miller said 2022 is promising for the casino industry, citing the launch of his mobile sports betting in Louisiana and New York. Mobile Sports Betting Only In Four Weeks, He Bet Over $2 Billion, Becoming The #1 Sports Bettor In The Nation.
He said he expects sports betting in Ohio and Nebraska to come online in 2022, and said a mobile launch in Maryland is “ongoing.”
Miller also said seven states are considering legalizing sports betting and four states are considering legalizing online gambling.
A physical casino will open in Virginia this year, and several new racetrack casinos will open in Nebraska, he added.
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