U.S. Commercial Casinos Win More Than $40 Billion In 2016Casino Revenues Continue To Inch Up |
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Non-tribal casinos across America won more than $40 billion in 2016.
According to the most recent publicly available data compiled by the University of Nevada Las Vegas, the commercial casino industry won at least $40.6 billion last year. Some of the December revenue data isn’t available yet.
The total nationwide win was slightly more than the $39 billion won in 2015. The market has been inching up since the Great Recession. Data on tribal gaming revenue from 2016 isn’t publicly available yet, but those casinos win about $30 billion a year.
So, the entire casino gaming industry in the U.S. is worth more than $70 billion per year and is at record levels. That’s the bulk of the $116.9 billion people spent on all forms of gambling last year in America, according to data from H2 Gambling Capital. That figure includes the lottery.
Nevada had the lion’s share of the commercial gaming revenue, as Silver State casinos won $11.3 billion in 2016. Pennsylvania was second with $3.2 billion, followed by Louisiana ($3.1 billion), New Jersey ($2.6 billion), Illinois ($2.5 billion), and then Mississippi and Indiana (both $2.1 billion).
The Las Vegas Strip itself had $6.4 billion in gaming win last year.
The state with the best year in terms of year-over-year growth was Maryland. The state’s six casinos won $1.2 billion last year, up nearly 10 percent compared to 2015. The state had the year’s most expensive casino open in December. The $1.4 billion MGM National Harbor has already been having a major impact on the state’s gaming industry.
Illinois also had a strong year, with its gaming win increasing by 7.2 percent. The $2.6 billion that Atlantic City casinos won gave New Jersey its first uptick (1.5 percent) in a decade. Both Ohio and New York had their markets grow by about 3 percent, to $1.7 billion and $2 billion respectively.
Nevada’s casino industry grew by 1.3 percent in 2016, while Pennsylvania’s expanded by 2.3 percent. Just a handful of years ago, Pennsylvania overtook New Jersey as the nation’s second largest commercial casino market.
Louisiana was the state that arguably performed the worst last year. Though its casinos won more than $3 billion, the amount was 4.4 percent less than 2015.
What’s next for the casinos?
The American Gaming Association estimates that each year about $150 billion is bet on sports through illicit channels. If the federal government overturns or amends the law that limits traditional sports betting to just Nevada, then it could be a major source of new revenue for the industry at large. The are casinos in 40 U.S. states.
Just three states—Nevada, New Jersey and Delaware—have regulated online casinos. But Pennsylvania and New York are nearing the finish line to legalize and regulate the activity as well. California is also trying again this year, and it would be the largest online poker market in the country. The Golden State has the largest tribal gaming industry at $4 billion per year.
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