After hitting the lowest point in 2020, the commercial gambling revenue in the US broke an all-time record in Q2 of 2021 and reached $13.6bn. American Gaming Association (AGA) published the data in the latest financial news.
Up to this year, the highest quarterly GGR of $11.1bn was recorded in Q3 of 2019. The results of the Q2 2021 surpass the 2019 record by 22.52%.
According to AGA’s report, the gaming industry has generated $24.8bn in commercial revenue for the first half of 2021. This year’s revenue is likely to become the highest GGR in the history of gambling in the US. The 2021 GGR is set to exceed 2020’s results of $30bn and surpass the $43.6bn GGR collected in 2019.
What are the main reasons for the increase in gambling profits?
The high level of GGR in Q2 of 2021 is mostly attributed to the lifting of casino-related restrictions, increased COVID-19 vaccination ratio, and a high level of spending in gambling establishments. The experts state that the revenue in the gambling sector is likely to grow even higher in the second half of 2021, as brick-and-mortar casinos reopened at a full capacity in 15 US states at the end of this June.
Compared to the corresponding period in 2020, the gaming revenue collected from April to June 2021 increased by almost 500%. The revenue from slot and table games at land-based casinos comprised most of the gaming profits in Q2. 17 out of 25 states, where traditional gambling is legal, have experienced an increase in slots and table games revenue, compared to Q2 2019.
Revenue from sports betting and iGaming continued to grow in 2021 as well. Although the GGR from wagering on the most popular sports was down by 7.5%, compared to Q1 2021, betting profits generated during the first six months of this year ($1.85bn) have already surpassed the 2020’s annual revenue of $1.55bn. Online gambling, which is legislated only in 6 US states, has generated $901.2m in Q2 2021, hitting a new record and increasing by 15% from Q1 2021.
GGR in Q2 2021
Change from Q2 2020
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