The US$119.4m monthly revenue figure represented a 90.2% year-on-year improvement, as the National Basketball Association (NBA) resumed, Major League Baseball (MLB) continued and bettors looked ahead to the National Football League (NFL) season. Online gaming, meanwhile, grew 224.2% to US$145.3m.
The month’s record-setting handle of US$2.1bn represented a 174.8% year-on-year rise, with New Jersey the leader on US$668m, a 127.5% rise from August 2019, and the largest monthly handle ever recorded in any state.
Four more states also saw handle surpass US$100m in August. Nevada stakes reached US$474.5m, while amounts wagered in Pennsylvania came to US$365.0m. Indiana’s handle grew to US$169.0m, and Colorado, which only launched legal wagering in May, brought in US$128.6m.
Several states saw more money wagered on sports in August than in any previous month, including Pennsylvania, Indiana, West Virginia and New Jersey.
August marked the fourth straight month of gaming’s recovery, with nationwide revenue up 5.6% from July. However, the continuing impact of novel coronavirus on the country’s land-based industry meant August’s gross gaming revenue (GGR) across all products and channels was down 19.8% year-on-year at US$3.0bn.
“Nine states showed signs of continued recovery in August, with reduced year-over-year revenue declines compared to July,” an AGA spokesperson said. “Eight states reported gaming revenue approaching last year’s level, despite continuing to operate with limited capacity, game availability, and non-gaming amenities.”
Source: iGB North America
