ATLANTIC CITY, New Jersey: US casinos announced they had matched their best winnings during the first quarter of 2021.
Officials said they were reassured that despite the Covid pandemic, the betting public is returning to the nation’s casinos.
Figures released by the American Gaming Association indicate that casinos earned more than $ 11 billion in the first quarter of 2021.
This tied the quarterly record set in 2019.
In addition, twelve states reported their highest levels of monthly betting revenue in March 2021.
Gambling revenue in the first quarter of 2021 increased nearly 18 percent from the first quarter of 2020, as the pandemic began to consolidate across the United States.
“Today’s report shows that the return of the games is ahead of schedule,” said Bill Miller, president and CEO of the association. “Throughout the COVID-19 pandemic, our industry has faced many challenges head-on. The gaming industry is generating these impressive results with one hand tied behind its back as capacity and comfort constraints continue to the whole country “.
It should be noted that the revenue record was set, although 75% of the nation’s casinos maintained a limited occupancy of 50%.
“I think we see more and more people feeling more comfortable going out,” said Terry Glebocki, CEO of Ocean Casino Resort in Atlantic City. “There’s a lot of accumulated demand. People want to go out and have fun, and that’s what you do in a casino.”
In addition, Callie Driehorst of MGM Resorts International noted: “We have seen significant progress since the beginning of the year in COVID trends, vaccinations, consumer sentiment and state-by-state operating restrictions. It has been exciting. see our national business improve significantly, and play a role in the recovery of the industry. As business trends continue to improve, we will continue to position our business for long – term sustainable growth. “