Gambling Industry Suffers 5.5 Percent Fall In Revenue During 2009

May 10th, 2010 – by Glen Farmer

The year of 2009 watched as the casino industry had suffered. Some locations had faltered, some had shown a positive revenue stream, but over all, the year had left the casino industry in the red zone. The American Gaming Association has recently released a report showing the gross gaming revenues totaled $30.74 billion for the year of 2009, which is a 5.5 percent drop over the year from 2008.

The American Gaming Association’s State of the States: The AGA Survey of Casino Entertainment is one of the most comprehensive reports on the gambling industry, covering the revenue generated by race tracks, card rooms, and casinos. Their report includes a year by year graph of revenue generated, the effects of the recession on voluntary spending, as well as an individual list of revenue generation over the year, as well as an assortment of other information.

According to the report, New Jersey had suffered the heaviest blow to gaming revenue. The gambling centers in New Jersey had ended in the red, with a -13.3 percent drop in their revenue. Nevada’s gambling revenue had also suffered a significant drop, taking in $10.393 billion compared to the previous year’s $11.599. This represents a 10.4% drop over the 2008, 2009 year.

In a sharp contrast, Pennsylvania had shown the largest jump in revenue. Their $1.616 billion in 2008 had improved to $1.965 billion in 2009, representing a 21.6% increase. Pennsylvania’s revenue continues to grow into the year, as the table games are set to be incorporated into the gambling centers in the state.

The USA online gambling sites are also thriving, though they have not been included in the American Gaming Association’s report. This is due to the fact that their is no regulatory body to govern these gambling choices. The American Gaming Association does, however, assert that online gambling technology has grown to a point where the industry can be safely accommodated.

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