- Casino capital Nevada saw massive growth year-on-year, at around 15%
- Illinois, Maryland, and Pennsylvania all boosted their casino takings too
Nevada saw one of its strongest Augusts for casino revenue, suggests a brand new report compiled and published by the University of Nevada, Las Vegas.
Combined, land-based casinos across US states including Nevada brought in more than $3.4 billion, which marks an increase of over 4% year-on-year.
According to the report, just under 30% of this amount was contributed by Nevada’s casinos alone, with the state’s revenue for August 2017 reported to have risen by around 15% compared with the same month in 2016.
Nevada’s massive August is believed to be due, in part, to the boxing match between Conor McGregor and Floyd Mayweather. Having taken place on August 26, 2017, the fight contributed to around $70 million in bets and led to even further wagering activity across the state’s casinos.
Though a popular game already, the poker sector also grew; it rose by almost 6% year-on-year, bringing in around $5.3 million in August alone.
Beyond the Silver State
When it comes to casino revenue, Ohio also had a particularly fruitful month. For August 2017, the state made $145.7 million from gambling, marking a 6% year-on-year increase from 2016.
Another state with a strong August was Illinois, having made $224 million and marking an 8% year-over-year increase. Pennsylvania showed an admirable increase, having made around $267.4 million and rising by 2.5% from 2016.
Maryland did extremely well, taking in a whopping $137.5 through August and showing a huge 32% increase from the same month in 2016. But this growth impacted West Virginia negatively; the state made only $44.6 million for the month, representing a revenue decrease of around 7%.
Atlantic City casinos also took in less than usual in August, at around $244.8 million: a decrease over last year of 0.4%. That being said, the state’s online gaming revenue grew by over a third.
It is worth pointing out that these statistics all exclude any income generated by tribal-run casinos, which are estimated to make around $30 billion per year.
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