Per la serie: "C'e' crisi, non sappiamo come portare il pane a casa"
Casinos Raked in Record $5.31 Billion in March
Casinos raked in a
record $5.31 billion in revenue in March, the highest monthly take in industry history, led by a 65% jump in sports betting revenue and 54% increase in online wagers. Sports betting operators such as
DraftKings and FanDuel Group have spent billions drumming up business.
- Gambling revenue for the first quarter, excluding Native American tribal-run casinos, was $14.31 billion, also a record for a first quarter. “We are off to the best start we ever had as an industry,” Bill Miller, chief executive of the American Gaming Association, told The Wall Street Journal.
- Casino revenue fell 31% during the Covid-19 pandemic, to $30 billion in 2020, the lowest industry total since 2003. But when restrictions ended, consumers swarmed back, ready to spend. Gamblers spent 43% more on table games and 19% more on slot machines in the first quarter.
- Despite higher food and travel costs, gamblers have also returned to entertainment hot spots such as Las Vegas. MGM Resorts International said casino revenue on the Las Vegas Strip doubled to $475 million last quarter, and Wynn Resorts saw a 55.5% increase in Strip revenue, to $124.3 million.
What’s Next: Business and international travelers, conventions, trade shows, and gamblers over 55 still haven’t returned in their prepandemic numbers, but when they do, their dollars will strengthen the industry’s “already strong hand” for 2022, Miller said.