Wednesday, November 10, 2021

Gambling is back

The nation’s commercial casinos won nearly $14 billion in the third quarter of this year. It was their best quarter ever. It looks like they will break their annual record of $43.65 billion, set in 2019. Ten out of 25 states with commercial casinos saw quarterly revenue records, including the four highest-grossing commercial gambling states in 2019: Nevada, New Jersey, New York and Pennsylvania. 

These results were probably the result of people returning to their pre-Covid life. But sports betting and internet gambling revenue helped as through the first nine months of the year revenue from these activities was $5.36 billion, up more than 200% year over year. 

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