AGA: Industry on Pace for Record 2021

The American Gaming Association reports that commercial gaming in the U.S. saw record third-quarter revenues, and is on pace for record earnings in 2021. CEO Bill Miller (l.) said the recovery is “not a flash in the pan.”

AGA: Industry on Pace for Record 2021

Nationwide commercial gaming revenue reached a new quarterly record of $13.89 billion in Q3 2021, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The new high marks the second consecutive quarter of record U.S. commercial gaming performance.

With $38.67 billion in revenue through the first nine months of the year, the industry has already passed revenue generated for the full year 2020 and is on pace to break its annual record of $43.65 billion, set in 2019.

“Two straight quarters of record gaming revenue is an incredible accomplishment in any context, let alone after the most challenging year in industry history,” said AGA President and CEO Bill Miller. “Our recovery is not a flash in the pan, but rather a sustained result of our leadership in responsible reopening, world-class entertainment offerings and widespread favorability.

Traditional gaming continues to drive the industry’s performance, with combined slot and table game revenues setting a new quarterly record of $12.05 billion. After lagging in previous quarters, table game revenue beat its quarterly revenue record by more than 10 percent in Q3 2021.

Ten out of 25 states with commercial casinos saw quarterly revenue records, including the four highest-grossing commercial gaming states in 2019: Nevada, New Jersey, New York and Pennsylvania.

On the Las Vegas Strip, gaming revenue also hit an all-time high of $2.06 billion. The record was driven, in part, by the steady return of tourism—9.2 million people visited Las Vegas in Q3 2021, a nearly 10 percent increase over Q2 2021 and the highest quarterly visitation level since the outbreak of Covid-19.

Q3 2021 commercial gaming revenue was bolstered by record iGaming revenue of $938.6 million. Meanwhile, sports betting revenue saw a quarterly low for 2021 of $886.5 million due to a limited end-of-summer sports calendar. Combined sports betting and iGaming revenue through the first nine months of the year sits at $5.36 billion, up more than 200 percent year-over-year.

“With brick-and-mortar gaming setting records, the expansion into new verticals, and domestic and international tourism recovering, the industry is in a strong position for a full recovery,” said Miller. “I’m confident that the return of meetings, conventions and international travel will further accelerate gaming’s recovery in 2022.”