The US gaming industry appears to be recovering from the consequences of the global corona pandemic faster than expected. After sales plummeted in the past “crisis year”, they are now recovering noticeably. In any case, the result is impressive. The United States continues its sprint on the road to normal.
Eleven billion US dollars in sales in three months
As reported by the American gaming authority AGA, the gaming industry generated sales of more than eleven billion US dollars in the first quarter of 2021 alone. Compared to the same period in 2019, that’s an impressive 4.1% increase. And that despite the fact that the past year has temporarily ruined not only the gaming industry, but also a number of other industries. If you look at the same period of the previous year (1st quarter 2020), sales growth is now as much as 17.7%. If you compare the sales of the first quarter of 2021 with that of the last quarter of 2020, you can even see a sales increase of 21.1%.
The American Gaming Association (AGA) is the official gaming authority in the United States. It was founded in 1994. Among other things, the AGA deals with federal and regulatory issues in the area of the gaming industry. The offices are located in Washington D.C.
Just a few weeks ago we reported on the most addicted US states of the year. First place went to the state of Nevada, which is also home to the “entertainment mecca” Las Vegas.
Why is the gaming industry currently benefiting so much?
The main reason for the impressive growth in sales is the fact that the government around President Joe Biden is currently abolishing many “corona rules”. Many casinos in the country have already relaxed the hygiene and protection regulations, so that, among other things, Plexiglass panes have already been removed from the gaming tables and mask requirements sometimes only apply to unvaccinated people.
So the United States is much faster than many other countries on the path towards complete normalcy. So it’s no wonder that the gaming industry is also recovering faster than average. Incidentally, only a few days ago we reported about a hapless casino visitor who threatened a bomb in the US state of Florida.
The incumbent President and CEO of the American Gaming Authority, Bill Miller, was also positive in this regard:
“In the course of the reopening, we created both a safe and an exciting environment for customers.”
Sports betting sales increase by 270%
Compared to the first quarter of 2020, sales in the sports betting market increased by an impressive 270%. To be more precise, a record-breaking turnover of around 961 million US dollars was generated with sports betting in the USA in the first quarter of this year. However, the legalization of online gambling and sports betting in some US states is primarily responsible for this positive development.
It is definitely impressive how quickly the US gambling industry has recovered from the effects of the global corona pandemic. Compared to the fourth quarter of 2020 and the first quarter of 2021, the industry was able to increase its sales by over 21%. The gaming industry thus managed to turn over an amount of over eleven billion US dollars in just three months. One can only hope that the positive recovery effect will continue and that there will be no more setbacks in combating the pandemic.