Maine’s two casinos suffered the fourth largest drop in revenue in the nation: 55 percent.
These figures come from Safe Betting Sites, a London-based research company that researched profits for casinos in the 24 states that host them. The report showed a nationwide decline of $12 billion, or 36.5 percent or $21.6 billion compared to $33.99 billion during the same period in 2019.
Contributing factors to the decline of gaming revenues in the Pine Tree State include the shutdown from mid-March until the middle of July, and reopening to much lower capacity.
The Oxford Casino and Hollywood Casino in Bangor recorded a combined revenue of $49.76 million, a loss of 54.91 percent.
According to the report: “It is worth mentioning that the casino industry in the United States has been at the forefront of implementing rigorous, innovative protocols that have allowed the vast majority of entities to reopen in different states.” Sportsbook revenues are contributing to a recovery of the industry, it added.
