Bill Miller: “The gaming industry is growing at a record pace”
Focus Gaming News has attended the videoconference organised by the American Gaming Association (AGA) and highlights the main points regarding the entry of games of chance in 2021.
U.S.- Gambling revenue in the United States reached a record $52.99 billion in 2021. This is shown by the Commercial Gaming Revenue Tracker report, prepared by the American Gaming Association (AGA).
“The gaming industry is growing at a record pace, hiring again in droves and supporting our communities as they get back on their feet. It’s a testament to our collective resilience, as well as the gaming expansion and record popularity among Americans, factors that will propel us long into the future”, said Bill Miller, president and CEO at AGA.
According to the entity, this figure represents a growth of more than 21 per cent, compared to the previous annual record, set in 2019. In addition, it highlights that the amount means a rise of almost 77 per cent compared to 2020, the year in which the pandemic forced the industry to close throughout the country.
Fourth-quarter gaming revenue was $14.31 billion, growing 30.0 per cent compared to the same period in 2019 and beating the previous quarterly record (Q3 2021) by 2.7 per cent.
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According to the document, in 2021, gaming revenue expanded at a rate significantly faster than the economy as a whole. And in that line, it indicates that the growth at an annualized rate of 5.7 per cent of the economic activity of the United States, added to the strong consumer spending on travel and entertainment, fueled the V-shaped recovery in gaming revenues.
AGA’s recovery is not complete, as we still await the full return of key sectors such as meetings & conventions and international business and travel, but I have never been more confident that our collective and unified efforts will get us there, and sooner. instead of later.
Despite strong personal consumer demand, delayed business and international travel, depressed convention business and a slower return to normal for other casino amenities continued to impact the industry as a whole.
