he American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker features monthly and year-to-date gross gaming revenue (GRR) at a state and national level, broken down by individual gaming verticals. In July, national commercial gaming revenue continued to recover from lows in April and May, the height of the industry’s COVID-19-related shutdown.
While July revenue was down 23.9% year-over-year, it was the third straight month of dramatically improving revenue conditions for commercial gaming. Thirty-two commercial casinos partially reopened throughout July – including all properties in Illinois, Maine, Massachusetts, and New Jersey – while 50 remained closed at month’s end.
Even as all commercial properties remained shuttered in major gaming states like New York and Michigan, commercial casinos generated $2.83 billion in gaming revenue in July, which is more than in the three preceding months combined. Many gaming states recorded strong revenue figures for July despite continuing to operate with limited capacity, game availability, and amenities. Ohio reported its highest monthly gaming revenue on record, while Mississippi, Pennsylvania, and South Dakota outperformed July of last year and six other states saw gaming revenue down by only single digit percentages.
The restart of some major sports league helped return the national sports betting vertical to growth following four months of year-over-year contraction. July sports betting revenue was $69.0 million, up 86.2 percent from last year. Prior to the COVID-19 pandemic, commercial sportsbooks had seen strong growth, with sports betting revenue up 235.5 percent in January and 64.5 percent in February compared to the same months last year.
Sports betting revenue is up 18.9 percent in 2020 compared to the same period last year while the total amount wagered has increased 3.2 percent to $5.88 billion. Much of this growth is attributable to the opening of nine new markets in the last 12 months.