Casinos see a drop in spending

Wednesday, 21 May, 2009 0

According to AP, The American Gaming Association says consumers spent $1.6 billion less in commercial casinos in 2008 than 2007 as economic woes led many Americans to cut leisure spending.

A study the industry group released Monday shows U.S. commercial casino revenues fell 4.7 percent to $32.5 billion.

It was the first yearly decline since 1999, when the group started tracking revenue using state data.

The study says statewide smoking bans hurt gambling in Colorado and Illinois. Those states saw the largest percentage decreases among the 12 states with commercial casinos.

Revenue jumped 48.3 percent to $1.6 billion in Pennsylvania, which added a racetrack casino and fought for customers from New Jersey.
 



 

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