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Commercial Casino Gaming Revenue Reaches $41.7 Billion in 2018, an All-Time High

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American-Gaming-Association-sports-betting Commercial Casino Gaming Revenue Reaches $41.7 Billion in 2018, an All-Time HighReading Time: 2 minutes

 

AGA’s Annual State of the States Report Details 3.5% Year-Over-Year Growth

 

Gaming revenue for the U.S. commercial casino industry reached an all-time high of $41.7 billion in 2018, up 3.5 percent from the previous year, according to data released today in the American Gaming Association’s (AGA) State of the States 2019: The AGA Survey of the Commercial Casino Industry.

 

Key findings from the State of the States 2019 report include:

  • The commercial casino sector—with 465 casinos—logged its fourth consecutive year of gaming revenue growth and outpaced the national economic growth rate in 2018;
  • The industry generated $9.7 billion in gaming taxes for state and local governments, a number that does not account for the billions more in sales, income and other taxes that benefit communities; and
  • Half of the 24 states with commercial casinos reported record annual gaming revenue with nearly every state seeing gains in 2018, contributing to the strength of local economies across the country.

“Year after year, the commercial casino industry has reaffirmed its role as an economic powerhouse in the United States,” said Bill Miller, president and CEO of the American Gaming Association. “More people than ever are experiencing the economic and social benefits of gaming in their communities, due in part to the expansion of legal sports betting across the country.”

The rapid expansion of legalized sports wagering following the Supreme Court decision to overturn the Professional and Amateur Sports Protection Act (PASPA) in May 2018 played a role in the industry’s record year. Total industrywide revenue from sports betting grew to $430.2 million in 2018, up from $261.3 million in 2017. AGA anticipates this growth to continue as additional states legalize and regulate sports wagering.

“Growth in the commercial gaming sector enables the industry to continue to reinvest in communities, enhance partnerships with small businesses and nonprofits and provide career opportunities for nearly two-million American workers,” Miller added.

AGA’s annual State of the States report details the commercial gaming industry’s financial performance, including analyses of each of the 24 states with commercial gaming operations. The report, developed with Gambling Compliance, also provides a breakdown of the legality of types of gaming and number of casinos by state, summarizes major gaming policy discussions and previews opportunities and challenges for the industry.

 

About the American Gaming Association:

The American Gaming Association (AGA) is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Commercial Casino Gaming Revenue Reaches .7 Billion in 2018, an All-Time High

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Maine Legislature Passes Sports Betting Bill

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1-12 Maine Legislature Passes Sports Betting BillReading Time: 1 minute

 

Maine legislature has passed the sports betting bill. The Legislative Document 553 was given final approval by each chamber of the legislature and will now pass to Governor Janet Mills to be signed into law.

LD553 opens up the market to all of the state’s bricks and mortar gaming venues, such as commercial racetracks, off-track betting facilities, and commercial and tribal casinos. It will also allow mobile operators to apply for licences without the need for a land-based partner in the state.

Successful applicants will have to pay $20,000 as licence fee, 10% tax on land-based wagering revenue and 16% rate for mobile wagering. The bulk of revenue raised through these taxes will be allocated to the Maine General Fund.

Operators will be permitted to offer odds on all professional, collegiate and amateur sports events. Betting on events involving Maine-based colleges and universities will be prohibited. Only citizens aged 21 and above will be allowed to bet.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Maine Legislature Passes Sports Betting Bill

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NetEnt invites players to give its marvellous money machine a spin with Cash-O-Matic

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Cash-O-Matic NetEnt invites players to give its marvellous money machine a spin with Cash-O-MaticReading Time: 1 minute

 

Cash-O-Matic is an adventure packed with Free Spins and Multipliers.

 

NetEnt’s Cash-O-Matic is a 1024-bet way, 5-reel, 4-row video slot designed with the look of an old-style cash machine and loaded with game mechanics.

The new, retro-looking title has flipped NetEnt’s proprietary AvalancheTM feature on its head. Now operating in reverse, AvalancheTM sees all winning symbols remain on the reels, while the rest disappear.

Cash-O-Matic is full of Free Spins and Multipliers. The number of Free Spins awarded equals the amount of Scatter symbols collected, with a minimum of 10 Free Spins there to be won. With Scatter lengths of up to 18, the number of Free Spins can get really high.”.

In the main game, the Level Multiplier is awarded if at least one row is filled with winning symbols. The more rows, the higher the Multiplier value. In Free Spins, the Multiplier depends on the number of Scatter symbols that activated Free Spins and can go as high as x50.

“We’re pleased to present Cash-O-Matic, a true homage to the first slot machine, the Liberty Bell. High volatility reverse AvalancheTM action, Free Games, Scatter Stacks and Multipliers in a very simple and elegant art package. A game for the VIP players out there.” said Bryan Upton, NetEnt Director of Games.

 

Play Cash-O-Matic video slot for free here


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NetEnt invites players to give its marvellous money machine a spin with Cash-O-Matic

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Habanero steps on the gas with Wild Trucks

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wild-trucks Habanero steps on the gas with Wild TrucksReading Time: 1 minute

 

Premium slots and table games provider Habanero puts the player firmly in the driver’s seat with its latest action-packed game, Wild Trucks.

Start your engines, hit the road, and get ready for the ride of your life as you power down the dusty highway in search of big wins.

Built on top of Habanero’s player progression platform, fans can look forward to an adrenaline-fuelled racing experience that will keep them coming back for more.

The new slot also has a Guaranteed Expanding Wild trigger and Free Game trigger, which only add to the thrill of this new release.

The excitement doesn’t stop there! Wild Trucks is Habanero’s first game to feature linked symbols, setting players up for massive pays.

Toni Karapetrov, Head of Corporate Communications at Habanero, said: “Wild Trucks is a rip-roaring new slot and we’re thrilled to let it loose on the road.

“With exciting new Wilds and Free Game offers, few slots offer this much intensity and anticipation for features to combine and award huge wins.”

To view a demo video of the game, click here.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Habanero steps on the gas with Wild Trucks

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