AGA reports gaming recovery underway

Gaming revenue rose 6.3 per cent from September to October.
Gaming revenue rose 6.3 per cent from September to October.

The AGA says sports betting and igaming are driving a recovery in the sector.

US.- The American Gaming Association (AGA) has released its latest Commercial Gaming Revenue Tracker, revealing a 6.3 per cent rise in gaming revenue from September to October.

The industry generated $3.38bn in revenue in October, reaching 93 per cent of the revenue seen pre-pandemic in October 2019.

According to the report, nearly all commercial gaming jurisdictions showed positive signs of recovery despite most venue operating with limited capacity, limited game availability, and restrictions on non-gaming amenities. 

The AGA said sports betting and igaming were the most visible drivers behind the recovery, although it said legacy gaming was also on the rise.

In October, Americans wagered at least $2.82 billion on sports across 17 states and the District of Columbia, meaning it probably the strongest month for sports betting in US history.

Legacy gaming also showed month-on-month improvements, with combined gross gaming revenue from slot and table games reaching $2.98bn in October. The figure represents a 3.4 per cent increase from September and 86.6 per cent of revenue levels in October 2019.

In September, the AGA’s president, Bill Miller, urged the government to offer financial assistance to casinos and their employees along with a tax relief strategy to help businesses recover from the impact of the pandemic.