Betting & igaming contribution to US gambling grows in July

| By contenteditor
US commercial gross gambling revenue (GGR) continued to recover in July as more casinos and other venues reopened following the novel coronavirus (Covid-19) shutdown.

US commercial gross gambling revenue (GGR) continued to recover in July as more casinos and other venues reopened following the novel coronavirus (Covid-19) shutdown.

Operators generated $2.83bn (£2.19bn/€2.40bn) during the month, which represented a 56.4% rise on the $1.81bn recorded in June and the third consecutive month of sequential growth. However, July’s total was down 23.9% year-on-year, as operating restrictions such as capacity limits continue to impact operators.

However, the latest figures from the American Gaming Association (AGA) revealed significant growth in the sports betting market, with revenue up 86.2% year-on-year to $69.0m. iGaming was the standout performer, however, with revenue rocketing 253.6% to $142.9m.

Land-based slots were by far the main source of income in July, with revenue amounting to $1.88bn for the month, down 26.8% on last year, while table game GGR also fell 36.3% to $482.1m.

Looking at the performance of individual states, Nevada was some way out in front with $756.8m in GGR, though this was 26.1% lower than last year, as its casino and gambling venues continued to operate at reduced capacity.

Read the full story on iGB North America.

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