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American Casinos Enjoy Bumper Summer With Increased Revenues

American Casinos Enjoy Bumper Summer With Increased Revenues

American casinos enjoyed a bumper summer with gaming revenues reaching $3.4 billion according to the University of Las Vegas Centre for Gaming Research.

The data, which excludes tribal casinos, shows that revenues are up by more than 4% year-on-year when compared to 2016. Nevada produced the most revenues, $989.5 million or 29% of the total figure, up 15% from August 2016. Part of this increase may be due to the fight between Mayweather and McGregor as the weekend saw over $70 million in bets placed.

Ohio saw an increase of 6% compared to last year to $145.7 million while Illinois reported an 8% increase rising to $224 million. Maryland saw a dramatic rise of 32% to $137.5 million while West Virginia saw a fall of 7%, possibly due to the opening of the MGM National Harbour casino.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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