More states considering casino gambling expansion
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American Gaming Association reports a quarterly record for July, August and September. AGA reports $38.67 billion in revenue through the first nine months of the year. The industry is on pace to smash its annual record of $43.65 billion set in 2019. States that offer some form of gaming generate tax revenue to help solve a multitude of problems. Nevada casinos collected $3.683 billion for the third quarter of 2020. The total won in Nevada in the quarter was 26.5 percent of nationwide third-quarter amount.
There are more states considering casino gambling expansion. The expansion of commercial gaming in Virginia seems to be going smoothly up until recently. Richmond's referendum on expanding gambling failed by a narrow margin. Chicago has the largest potential for gaming expansion as the country's third-largest metropolitan area with 9.5 million residents. Full House Resorts is building a 300-room hotel next to its existing Bronco Billy's casino in Cripple Creek, Colorado. The company said the property would have the first luxury guest rooms in the market. Colorado already is seeing a boost in revenue thanks to the elimination of betting limits in Black Hawk, Central City and Cippling Creek in May.
The Review-Journal is owned by the family of Dr. Miriam Adelson, the majority shareholder of Las Vegas Sands Corp.
