On November 21, the American Gaming Association (AGA) unveiled its third quarter report for commercial gaming across the United States. The report indicated mixed results for traditional brick-and-mortar casinos.
There was a slight decline in retail revenue compared to Q3 2023, dropping by less than a percentage point. Slot revenue saw a growth of 1.3%, reaching $9.1 billion (£7.23 billion/ €8.67 billion) compared to the previous year, while table game revenue decreased to $2.42 billion, representing an 8.3% decline from 2023.
Among the 27 markets with brick-and-mortar commercial casinos, 13 witnessed a year-over-year revenue decline. Conversely, fourteen markets saw their revenues increase, boasting an average growth rate of 8.5%, as reported by the AGA.
Here’s an overview of the 10 states that experienced the most significant annual revenue growth in their retail casinos:
Nebraska
This is hardly surprising.
In August, Omaha, Nebraska’s largest city, inaugurated its first casino, WarHorse Casino. This establishment features 800 slot machines, 20 table games, a sportsbook, and over 110 simulcast screens.
With Omaha’s casino now operational, Nebraska’s Q4 revenue is expected to surpass its 2023 pace, particularly as WarHorse Casino in Lincoln expands its gaming offerings with an additional 400 slot machines and 10 more table games this month.
Nebraska also achieved the second highest commercial gaming revenue growth in the US from Q3 last year to Q3 this year, at an impressive 74.7%. Only Oregon exceeded this growth, with 77.5%.
Virginia
Rivers Casino Portsmouth has enjoyed an exceptional 2024, propelling Virginia to achieve the second-highest year-over-year retail casino revenue growth in Q3, approximately 9%.
In August, the casino reported an astounding 23.7% annual revenue increase, amounting to $26.65 million.
Virginia’s casino revenues are expected to continue rising, with the permanent Caesars Virginia scheduled to open in December, along with two additional casinos planned for Norfolk and Petersburg.
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