Before you read any further, keep in mind we’re reporting 2017 records. And furthermore, keep in mind, 2018 was a monster year for the industry, especially, for New Jersey! So whatever records were set last year, well, they’re going to be short lived! So with that out the way, let’s jump into the action and look at the top results in the AGA’s latest report!
Top Three States
Of course, we all knew they’d come in first place in regards to generated revenue! So with that said, statewide casino revenue was $11.57 billion, which, was a 2.8% increase from the previous year. The total includes $118.4 million in poker revenue, a 0.6% increase. Not major, although growth is growth no matter what way you look at it.
New Jersey is back on the map as a top dog and took the second position in the AGA’s Report. In 2017 the state bounced back for a second year in a row since the 10-year meltdown! The report revealed the state generated an impressive $2.66 billion last year. Which, was a 2.2% increase YOY! Additionally, internet gambling revenue was up 24.9% to $245.6 million! And this is why we wanted to remind you in the beginning that these numbers are from the 2017 report.
Since then the state has legalized online sports betting! This alone is going to reflect a huge increase in online revenue by next year! Not to mention all the other progress & excitement going on in Atlantic City! Next year’s report is going to be pretty impressive, and we can’t wait to write about it!
Delaware just behind New Jersey… NOT!
Being the second smallest state means nothing. That’s because they’re on the top three list for the most generated casino revenue! Small indeed, yet the numbers they produce are quite impressive! They took in a whopping $415.8 million in revenue in 2017, which was a 3.1% increase. Although the states online revenue was down to $2.4 million. In 2016 they saw $2.9 million. That decline is due to increased competition from neighboring states.
Numbers don’t lie
As of 2017 casinos in the US brought in an astonishing $40.28 billion in revenue! Which, was a 3.4% increase YOY. That’s an extra $1.3 billion injected into the market! Furthermore, in 2017, individual states took in $9.23 billion in revenue in taxes alone! Additionally, 20 states reported an increase in revenue the previous year. Now that reflects on an economic trend that makes a lot of sense! Not to mention, this reflection also reveals massive job growth in the industry!
The American Gaming Association report didn’t reflect specific stats for the growth of poker in relation to other games. But it does highlight that since 2012 table games have seen higher growth than slot machines. This is because online poker is popular with younger adults who prefer table action!