It’s been an amazing 2022 for US casinos so far! The gambling industry in America has taken in more revenue this year than ever before! From Las Vegas casinos to Atlantic City, and placed in between like Pennsylvania, Michigan, and New York! And this streak looks to continue into this year, so long as there are no catastrophes!
Sports betting and online gambling continue to explode, and the pandemic seems to be winding down. And all told, US casinos have already raked in over $4 billion this year, just in the month of January. And it also marks the 11th consecutive month that the industry has generated $4 billion or more! That $4 billion was about 20% more than January of 2020 and about 30% more than January of 2021.
January was also the 11th consecutive month that casinos in Nevada were able to take in over a billion dollars in revenue themselves! But it was not simple Las Vegas casinos pushing the strong start for US casinos this year. New Jersey casinos are also up over 25% with $395 in million dollars in revenue, thanks to players returning and the growth of online gambling in the state
States like Michigan and Pennsylvania were also taking in record numbers in revenue. Plus, New York state has been on a tear, with players there betting $3.5 billion on sports so far this year. And those bets translated into $240 million dollars in tax revenue for the state.
Also, as New York success continues, there is still talk of expanding to online gambling. A new study expects online casinos America to continue to grow all the way to more than $2 billion annually by 2026!
