US commercial gaming revenue plummets to lowest mark since 2003

Slots made up the majority of sales, but this total was down 33.8% to $18.87bn. Table game revenue came to $5.09bn, meanwhile, down 39.4%.

Despite the suspension of all major sports for a large portion of the year, sports betting GGR was up 68.9% to $1.53bn, thanks mostly to new state markets opening up. Online gaming GGR rose the most sharply, tripling to $1.55bn.

The AGA said 2020’s drop in revenue was unprecedented.

“The devastating impact of the Covid-19 pandemic on the gaming industry, with GGR contracting by nearly one-third (31.3%) year-over-year, overshadows previous slumps,” it said. “During the Great Recession, gaming revenue decreased by a comparatively mild 8.4 percent during the span of two years.”

Read the full story on iGB North America

Leave a Reply

Your email address will not be published. Required fields are marked *