US Casinos report a hike of 3.7 percent in GGR, in 2017

As per the evaluations of the market analyst Ken Adams, the US commercial casinos reported a hike of 3.7 per cent in GGR after reaching a sum of US$41.2 billion last year. According to the Adams Revenue Report 2017, the increase was mainly on account of the casino expansions across the country.

As per Adam, the paramount reason for the revenue to be leaping consecutively, was the popping up of new gaming venues in New York, Maryland, Kansas, Illinois, and South Dakota last year. In addition, the report also says that the country’s economic growth had a preponderant impact in the amount of money gamblers spent at the casino, as they had more cash to spend.

Adams explained, adding that: “The jobless rate sank and consumer confidence surged, 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.