Statements from today, along with the release of a second quarter report from the American Gaming Association, show that the United States gambling industry has been severely impacted by the Covid-19 pandemic and closure of properties statewide.
Overall, US gaming revenue declined almost eighty-percent compared with the same period last year to just over two-billion dollars.
Bill Miller of the American Gaming Association spoke about the report and impact:
“COVID-19 has undoubtedly posed the most difficult economic challenge the gaming industry has ever faced.
Yet gaming’s record popularity prior to COVID-19, as well our resilience in the midst of such adversity, is evidence of the industry’s foundation for continued success as we emerge from the pandemic.
The gaming industry has been a leader in implementing rigorous, innovative protocols that have allowed the vast majority of our properties to reopen and stay open.
With business returning to casino floors and sportsbooks seeing increased action, the gaming industry is steadily charting a responsible path to recovery that prioritises health and safety, supports the communities where we operate, and offers first-class entertainment.”
In a comparison of almost every figure, the firm experienced a revenue decline on last year in the second quarter of 2019.
However, the financials and figures were in part to be expected due to the uncertain and unprecedented times the gambling market has faced over the last 4 months, particularly with the mandatory closures of gaming properties in Las Vegas and others.
In addition, where other economies were able to soften the impact of casino closures in the country by balancing it with online gambling, in the US; online gambling is still only officially legal in a handful of states.