Current:Home > BackUS casinos have their best July ever, winning nearly $5.4B from gamblers-DB Wealth Institute B2 Expert Reviews
US casinos have their best July ever, winning nearly $5.4B from gamblers
View Date:2025-01-11 10:39:56
ATLANTIC CITY, N.J. (AP) — Commercial casinos in the U.S. had their best July ever this year, winning nearly $5.4 billion from gamblers, according to figures released Thursday by a national gambling industry group.
The American Gaming Association said the casinos’ winnings were up nearly 6% from July 2022.
The association also said the casinos remain on pace to have their best year ever in 2023, with winnings from in-person casino games, sports betting and internet gambling at nearly $38 billion over the first seven months of this year, 11% ahead of what they won during the same period in 2022.
The association, the national trade group for the gambling industry, also revealed that revenue from traditional in-person casino games in July was $4.4 billion, a new monthly record. It said those figures were aided by seasonal travel trends and the addition of several new physical casino properties around the country, including in Illinois, Pennsylvania and Virginia.
Sports betting generated nearly $498 million in revenue in July, up over 28% from a year ago. Internet gambling in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia generated another $481.5 million, up nearly 23% from a year ago.
The group said 21 of 31 commercial gambling states that were operational a year ago and have complete data available posted year-over-year revenue growth in July.
Only five states reported their casinos won less over the first seven months of this year than they did a year earlier: Florida (-0.8%); Indiana (-0.5%); Iowa (-0.1%); Louisiana (-0.1%), and Mississippi (-3.8%).
The figures do not include money won at tribal-run casinos, which report their revenue separately.
Combined revenue from online sports betting and internet gambling increased 25.2 percent year-over-year in July. The rate of revenue growth from land-based casinos, which includes money won from gamblers at slot machines, table games and retail sports betting, remained steady at 2.5% in both June and July. It had been flat for the three months before then.
Through July, year-to-date commercial sports betting revenue reached $5.46 billion, exceeding the same period in the previous year by more than 63%.
Over that same period, internet gambling revenue was $3.45 billion, up 22.6% from a year earlier.
___
Follow Wayne Parry on X, formerly known as Twitter, at www.twitter.com/WayneParryAC
veryGood! (6245)
Related
- Trump on Day 1: Begin deportation push, pardon Jan. 6 rioters and make his criminal cases vanish
- How Brooke Shields, Gwyneth Paltrow and More Stars Are Handling Dropping Their Kids Off at College
- Using a living trust to pass down an inheritance has a hidden benefit that everyone should know about
- Rapper Fatman Scoop dies at 53 after collapsing on stage
- Martha Stewart playfully pushes Drew Barrymore away in touchy interview
- How long does it take for the pill to work? A doctor breaks down your birth control FAQs.
- Adele Announces Lengthy Hiatus From Music After Las Vegas Residency Ends
- Chicago Sky forward Angel Reese sets WNBA single-season rebounds record
- Powell says Fed will likely cut rates cautiously given persistent inflation pressures
- Federal investigators start probe of bus crash in Mississippi that killed 7, injured dozens more
Ranking
- Texas mother sentenced to 50 years for leaving kids in dire conditions as son’s body decomposed
- Harris calls Trump’s appearance at Arlington a ‘political stunt’ that ‘disrespected sacred ground’
- These Back-to-School Tributes From Celebrity Parents Deserve an A+
- Meet Bluestockings Cooperative, a 'niche of queer radical bookselling' in New York
- Brianna LaPaglia Addresses Zach Bryan's Deafening Silence After Emotional Abuse Allegations
- Wisconsin-Whitewater gymnastics champion Kara Welsh killed in shooting
- Here are the average Social Security benefits at retirement ages 62, 67, and 70
- 1 teen killed, 4 others wounded in shooting near Ohio high school campus after game
Recommendation
-
Summer I Turned Pretty's Gavin Casalegno Marries Girlfriend Cheyanne Casalegno
-
Caitlin Clark is now clear ROY favorite over Angel Reese. Why? She's helping Fever win.
-
Is there an AT&T outage? Why your iPhone may be stuck in SOS mode.
-
How to know if your kid is having 'fun' in sports? Andre Agassi has advice
-
Wendi McLendon-Covey talks NBC sitcom 'St. Denis Medical' and hospital humor
-
In the Park Fire, an Indigenous Cultural Fire Practitioner Sees Beyond Destruction
-
'I'll never be the person that I was': Denver police recruit recalls 'brutal hazing'
-
NASCAR Darlington summer 2024: Start time, TV, streaming, lineup for Cook Out Southern 500