According to market analyst Ken Adams, US commercial casinos reported a 3.7 per cent increase in GGR during 2017.
US.- Market analyst Ken Adams has released the 2017 Adams Revenue Report and revealed a 3.7 per cent GGR increase for US commercial casinos after reaching US$41.2 billion last year. According to the report, the increase was mainly produced by casino expansion across the country.
New York, Maryland, Kansas, Illinois, and South Dakota all opened new gaming venues last year, and – according to Adams – are the prime reasons why revenue jumped year-on-year. Furthermore, the report revealed that the country’s economic growth had a major impact in the amount of money gamblers spent at the casino, as they had more cash to spend.
“The jobless rate sank and consumer confidence surged,” Adams explained, adding: “It was the preverbal ‘perfect storm’ and the answer to a gambler’s prayers.”
UNLV’s Center for Gaming Research said casinos posted a US$40 million GGR in 2016, meaning that, if Adams’ report is accurate, 2017 set a new revenue record for casinos. Later this month the university will release its final assessment for the year and the industry will know how it performed for 2017.