In his 2017 Adams Revenue Report, prepared for online gaming media CDC Gaming Reports, Adams states that one of the main causes for the massive revenue win is down to economic growth. With states of New York, Maryland, Kansas, Illinois, and South Dakota, opening new casinos in 2017, gaming revenue was due to increase.
The analyst forecasts around US$41.2 billion US gaming revenue for 2018, which would set a new record. Reported records from UNLV’s Center for Gaming Research said casinos grossed US$40 million in 2016. The university is expected to release its final tally for 2017 next month.
One of the success stories comes from Maryland, which benefited from the US$1.4 billion MGM National Harbor being in operation for the entire year, saw revenues surge to more than US$1.6 billion. That’s about US$400 million more, (33%) than the state’s casinos collectively won in 2016.
Nevada, by far the largest gaming state in the country, posted a similar increase. State-wide, gross gaming win came in at US$11.57 billion, which is 2.8 percent more than the previous year.
And not to be undone, at New Jersey, where Atlantic City remained a seven-casino town throughout the year, gross gaming revenue came in at US$2.66 billion, a small 2.2% year-over-year gain.
Ten more casinos plus satellites are due to be opened. And yet there’s more casinos on the way in the northeast. The US$960 million MGM Springfield and US$2.4 billion Wynn Boston Harbor are under construction in Massachusetts, and as many as 10 satellite casinos are being auctioned off in Pennsylvania. Connecticut is mulling another casino to fend off MGM.
As for the two gambling capitals of the US, Atlantic City is set to welcome back two casinos this year. And in Las Vegas, developers are working to finally open the Fontainebleau, and construction continues at Resorts World.
Source: GMB / Casino Compendium
