AGA REPORT SHOWS GAMBLING REVENUE DECLINE
22 May 2009
Land operator's association confirms news
reports of tough times
The American Gaming Association, a trade association
representing the interests of US land gambling
operators, has confirmed news reports of tough times for
the industry by releasing annual statistics showing a
decline in gambling revenues of $ 1.6 billion to $ 32.5
billion in full year 2008.
Associated Press
reports that a study by the industry group shows U.S.
commercial casino revenues fell 4.7 percent over the
year - the first yearly decline since 1999, when the AGA
started tracking revenue using individual states' data.
In FY 2007 casinos reported the highest revenue
increases ever at 5.3 percent.
The largest
declines among the 12 states that have commercial
casinos were in Colorado and Illinois, and are
attributed to statewide smoking bans.
Revenue
jumped 48.3 percent to $1.6 billion in Pennsylvania,
which added a racetrack casino which observers say has
taken gamblers from neighbouring New Jersey.
The
American Gaming Association's 2008 "State of the States"
report includes the information that casino employment
was down one tenth of 1 percent to 357 314, and tax
revenues totalled $5.7 billion, down 100 million on the
previous year. There are 1 606 casinos and card parlours.
The American Gaming Association study shows that 2
percent of US adult respondents gamble online. The Poker
Players Alliance group estimates between 10 million and
15 million Americans regularly gamble on the Internet.
Online Casino News Courtesy of
Infopowa
More news here.
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