According to the AGA’s (the American Gaming Association) reports provided in current casino news, the American gambling industry sees significant changes in revenue.
The data show that the US gaming market has also been damaged by the pandemic, as its earnings have decreased by 78.8% in comparison to the same period of 2019. The industry could generate only 2.3 billion dollars during the second quarter of 2020.
AGA is sure that the industry will get back previous figures soon
Although the overall financial state of the gambling market is far from perfect, the American Gaming Association has positive predictions about its future and insists that it will be able to recover previous figures in the nearest time. The fact that June’s GGR is bigger than April’s and May’s only supports this possibility. The recent reopening of three hundred casinos has resulted in this increase.
It may seem surprising but the sports betting sector has sustained its growing trend (ten percent every year) and has even increased by more than four percent during the Q1 when there has been a lack of events. That is why the AGA representatives are sure that the US gaming industry can show fast rehabilitation.
Read more: Explanation of gross gaming revenue