Casino Gambling Revenues Fell in 2009
Casino Gambling Revenues Fell in 2009 The American Gambling Association has released a report stating that revenues from casino gambling declined in 2009. Casinos around the United States received $30.7 billion in revenues in 2009. This is a 5.5% decline from the $32.5 billion revenue total from 2008. The main reason for this comes from the recession in the United States. The recession has caused people to cut back on gambling expenses. Travel expenses to get to casinos have been cut as well. Eight of the twelve states that have casino gambling sites experienced declines in revenues. Some of these states are places where the recession has hit people the hardest. In Nevada gambling revenues went down by 10.4% from 2008. Meanwhile, revenues in Mississippi went down by 9.4%. New Jersey, which has been facing a great deal of competition from Pennsylvania, experienced the greatest revenue decline. Revenues fell by 13.3% in 2009. There were a number of factors as to why the four states that received revenue increases did so. Pennsylvania was able to get an increase after a few casinos opened in the state. Colorado revenues increased as table game hours were expanded and betting limits were increased. The other two states that experienced increases in gambling revenue were Indiana and Missouri.
