{"id":2475,"date":"2022-04-06T13:24:31","date_gmt":"2022-04-06T13:24:31","guid":{"rendered":"https:\/\/www.casinousa.com\/news\/?p=2475"},"modified":"2022-04-06T13:24:31","modified_gmt":"2022-04-06T13:24:31","slug":"us-casino-industry-records-highest-growth-rate-in-first-two-months-of-2022","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/us-casino-industry-records-highest-growth-rate-in-first-two-months-of-2022","title":{"rendered":"US Casino Industry Records Highest Growth Rate In First Two Months Of 2022"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2016\/12\/us-casino.jpg\" alt=\"US Casino\" title=\"US Casino Industry Records Highest Growth Rate In First Two Months Of 2022\" width=\"300\" class=\"alignleft size-full wp-image-622\" \/><strong>Summary<\/strong><\/p>\n<ul>\n<li>U.S gaming operators generated a combined $8.92B in January and February<\/li>\n<li>The figure is up 19% from the same period in 2020<\/li>\n<li>Latest figures indicate strong recovery from the COVID-19 pandemic<\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/www.casinousa.com\/news\/atlantic-city-casinos-show-signs-of-a-post-covid-recovery\">US casino industry is continuing to recover<\/a> from the negative impact of the COVID-19 pandemic, with the latest figures showing an increase in revenue for the first two months of 2022. <\/p>\n<p>Based on figures released this week by the <a href=\"https:\/\/www.americangaming.org\/resources\/aga-commercial-gaming-revenue-tracker\/\">American Gaming Association<\/a> (AGA), the country&#8217;s gambling sector has had a strong start to the year, generating $8.92 billion in total revenue for the months of January and February. This represents a 19% rise from the figures reported during the same period in 2020 and marks the fastest start to a year for the casino industry. <\/p>\n<p>In February alone, commercial gaming revenue across the US covering both land-based and online operations reached $4.39 billion, an increase of 16.1% from February 2020, the last full month of casino operations before the COVID-19 pandemic. <\/p>\n<p>The figure is also up 35.9% from last year&#8217;s numbers. 18 of the 27 states with commercial gaming since 2020 have seen their revenue increase in February 2022 compared to two years ago. Just five states recorded some losses, namely, <strong>Rhode Island, Kansas, New Mexico, Oklahoma and Louisiana<\/strong>. <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.americangaming.org\/wp-content\/uploads\/2022\/03\/CGRT_Feb_GGRbyVertical-768x483.png\" width=\"768\" height=\"483\" class=\"aligncenter size-medium\" \/><\/p>\n<h2 id=\"land-based-casinos-continues-strong-performance\">Land-based Casinos Continues Strong Performance <\/h2>\n<p>A massive chunk of the $8.92 billion revenue in the first two months of the year came from <a href=\"https:\/\/www.casinousa.com\/games\/slots\/real-money-slots\">slot machines<\/a> and table games which brought in $7.18 billion, a slight increase from the $7.11 recorded in the first two months of 2020. The figure could be higher if revenue from tribal-run casinos were taken into account. <\/p>\n<p>Of the 25 US states where casinos are operating, 14 enjoyed increases in revenue in January and February 2022 compared to the same period two years ago. <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.americangaming.org\/wp-content\/uploads\/2022\/03\/CGRT_Feb_StateChart-682x1024.png\" width=\"682\" height=\"1024\" class=\"aligncenter size-medium\" \/><\/p>\n<p>Online gambling operators in <strong>New Jersey, Delaware, Michigan, Pennsylvania, Connecticut and West Virginia<\/strong> generated $373.4 million in revenue in February, a 6.5% decline from January&#8217;s figure, but a 46.1% increase when compared to February 2021.<\/p>\n<p>Casino visitations across the country were down compared to February 2020 but up 21.8% from February of last year. The Las Vegas casino industry in particular saw a massive increase in visitation from 2021, with the Las Vegas Convention and Visitors Authority putting the figure at nearly 70%, though this may go down in months to come due to the <a href=\"https:\/\/www.casinousa.com\/news\/will-rising-gas-prices-hurt-las-vegas-tourism\">uncertainity on gas prices<\/a>. <\/p>\n<p>AGA&#8217;s President and CEO <strong>Bill Miller<\/strong> said the record start to 2022 is an indication of the sustained recovery into the year of the country&#8217;s casino industry. It&#8217;s still too early to tell whether this year&#8217;s figures will ultimately match or exceed the record numbers generated in 2021, but the latest results are a sign that casinos are still a top entertainment choice for Americans, according to Miller.<\/p>\n","protected":false},"excerpt":{"rendered":"Summary U.S gaming operators generated a combined $8.92B in January and February The figure is up 19% from the same period in 2020 Latest figures indicate strong recovery from the COVID-19 pandemic The US casino industry is continuing to recover from the negative impact of the COVID-19 pandemic, with the latest figures showing an increase [&hellip;]","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,6,5],"tags":[],"class_list":["post-2475","post","type-post","status-publish","format-standard","hentry","category-news","category-financial","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Casino Industry Records Highest Growth Rate In First Two Months Of 2022<\/title>\n<meta name=\"description\" content=\"The US casino industry is continuing to recover from the negative impact of the COVID-19 pandemic, with the latest figures showing an increase in revenue for the first two months of 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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