Gambling industry shatters records with $53B in 2021

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The commercial gaming industry took in a record $14.31 billion in revenue in the fourth quarter of 2021 alone

According to the American Gaming Association, brick-and-mortar casinos generated 85% of the industry's revenue, with slot and table revenue rising 10% and 1%, respectively, compared to 2019. At the end of 2021, there were 466 brick-and-mortar commercial casinos in 25 states. The average age of casino goers fell from 49 to 44 years old. Commercialin 25 states and Washington D.C., brought in a record $57.2 billion in handle and $4.

"Our industry stood strong in the face of a tremendous and a tremendous adversity as we continue to navigate COVID and its many impacts," American Gaming Association CEO Bill Miller said during the organization's State of the Industry presentation Tuesday. "Despite the uncertainties the pandemic continues to present, from labor shortages to supply chain disruptions, our incredible rate of recovery sets us apart from others in the hospitality sector and the broader economy.

 

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People going to Vegas with their saved stimulus money

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