Commercial Casinos Win $3.4 Billion In OctoberRevenue Flat Year-Over-Year, According To UNLV |
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The U.S. commercial casino industry won a combined $3.4 billion from its gambling customers in October, bringing the year-to-date winnings to about $35 billion.
That’s according to data compiled by the UNLV Center for Gaming Research. Revenue in October was virtually flat compared to the same month last year.
The performance was the second-worst month of the year, with February, which had one fewer day this year, seeing the only year-over-year decline (2.2 percent). October was lackluster because revenue in Nevada, which controls about 30 percent of the nationwide gaming win, was up only a quarter of a percentage point. Gambling winnings on the Las Vegas Strip fell six percent year-over-year to $528.6 million, thanks to the mass shooting the first weekend of the month.
About 16 percent of the nationwide win comes from the 39 casinos on or adjacent to the iconic gambling corridor in the U.S. gambling hub.
Pennsylvania, the nation’s no. 2 commercial casino gambling market, saw its revenue fall 0.4 percent to $261.9 million in October. Louisiana’s market also had a rough month, with revenue there falling two percent to $243.9 million. Same was the case in Mississippi, where revenue plunged 9.7 percent to $157.1 million. On the flip side, Illinois’ winnings grew 8.4 percent to $226.3 million, and Ohio’s increased 5.4 percent to $144.7 million. Maryland remained the fastest-growing market in the nation, with winnings ballooning 39.5 percent to $133.2 million.
The $35 billion that the non-tribal casinos won through the first 10 months of 2017 was up 2.7 percent compared to the same period in 2016, according to UNLV. Revenue of $40.5 billion in 2016 was up 1.1 percent compared to 2015 and was also a new record for the industry.
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