Gambling in the USA

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

Published

7 years ago

February 14, 2018

Reading Time: < 1 minute

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.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.