US Casinos Had Their Best Month Ever in March, Winning $5.3B
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US Casinos Had Their Best Month Ever in March, Winning $5.3B. The previous record was July 2021 at $4.92B, and the first quarter of this year was the best ever. Three states set quarterly revenue records to start this season: Arkansas, Florida and New York. The industry is doing well despite headwinds from supply chain constraints, labor shortages and inflation. Atlantic City casinos are still struggling. In 2021, commercial casinos paid a record $11.69B in direct gambling tax revenue to state and local governments.
The Las Vegas Strip is the largest casino market in the U.S. with $7.05 billion in revenue. Atlantic City is second with $2.57 billion, Chicago area $ 2.01 billion and Baltimore-Washington D.C. $1.61 billion. Philadelphia, the Poconos and Pittsburgh are the second largest market with nearly $3.88 billion revenue, while downtown Las Angeles has $ 731 million in revenues. Americans bet $57.7 billion on sports last year.
