In the United States and the American Gaming Association trade grup has announced that the nation's aggregated commercial land-based and online gross gaming and sportsbetting revenues for May increased by 9.5% year-on-year to hit a record high of $5.1 billion.
The advocacy organization used an official Thursday press release to declare that March, April and May were ‘the three best gaming months in industry history' with each surpassing $5 billion in combined gaming revenues ‘despite macroeconomic challenges and increasingly tougher year-on-year comparisons'. It also stated that this bodes well for the full-year tally with the aggregated five-month figur having swelled by 21% to hit nearly $24.5 billion in spite of challenges including ‘supply chain issues, labor shortages and inflation'.
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Back to the month of May and the American Gaming Association disclosed that aggregated revenues were relatively flat sequentially as land-based gaming receipts grew by just 1.5% month-on-month to about $3.8 billion. It explained that the same 31-day period saw sportsbetting returns book a comparable 5.1% rise to some $555 million while iGaming activities contracted by 2.4% to approximately $406.4 million.
Prominent players:
The American Gaming Association divulged that the state of Nevada led the way in May with aggregated online and land-based gaming revenues of slightly over $1.3 billion, which represented an upturn of 5.7% year-on-year. This was followed by Pennsylvania, New Jersey and New York as all three booked at least 9% surges to hit $455.4 million, $430.6 million and $356.3 million respectively.
Disappointing detils:
To further highlight the speed of recovery and the American Gaming Association furthermore pronounced that only four jurisdictions were ‘behind their gaming revenues pace at the start of 2021' in Mississippi, Kansas, South Dakota and the District of Columbia. The organization additionally asserted that the May performnce of this former trio was largely reflective of ‘tougher than average comparisons' as they had eased their coronavirus-related restrictions earlier than most others
