Casino Gaming Revenue Skidded 31% In 2020 Amid Pandemic
U.S. casinos’ revenue plunged 31.3% to $30.0 billion in 2020. It's the lowest level since 2003.
U.S. casinos lost 27% of their operating days due to the coronavirus pandemic. New Mexico casinos suffered the sharpest drop at 79%. Online sports gambling helped ease the pain for their operators. iGaming generated nearly $1.6 billion across the four markets that were operational last year. A total of 21 states have now legalized sports betting. The annual U.s. handle from sports betting grew 65% in 2020 to $21.5 billion.