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US Gaming Sector Breaks Betting Records in August

7 October 2020, 17:54
Votes: 1

The American Gaming Association (AGA) reported about the betting record revenues in August despite COVID-19 global negative influence. This is the fourth month in a row with positive bookmaking growth in the US, overcoming the former year August result of 90% in Gross Gaming Revenue (GGR). The states where gambling is allowed has also shown a positive tendency and raising income.

US Gaming Sector Breaks Betting Records in August

According to the latest betting news, the bookmaking sector felt a drastic earnings decrease at the beginning of spring. That was caused by the cancelation of the majority of the sporting events arounf the world. Even though the US market started showing positive tendencies in May, the rest of the world was a bit uncertain about how things would go on. As of now, the US bookmaking sector shows that tough times are in the past as major sporting events have returned to the screens at least. Traditionally, the US betting audience's primary attention was paid to the NBA, MLB, and NFL tournaments.

The AGA presented a four-month streak of revenue increase, beating several records in August. Thus, betting firms have declared $2.1 billion of total bets sum, which means almost $120 million in revenues. In the year-over-year numbers, it's an incredible 90% GGR and 175% entire income outbreak. Online gaming showed even more convincing numbers. The year-over-year increase reached 224%, which led to more than $145 million in revenues.

What are the bookmaking revenue results in the specific states?

The leader of the local race became New Jersey, where bookmaking operators declared almost a 130% growth compared to August 2019 and $668 million revenues. That is the record high reached by any state in the US ever. In contrast, Nevada reported about $475 million in revenues, Pennsylvania $365 million, Indiana $169 million, and Colorado almost $130 million.

Read more: Making sports bets and avoiding addiction: is it real?

Read more: How does reality fit with the American iGaming Industry 2020 forecast?

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