Nevada gaming wins big in March, US casinos see best month ever
Nevada gaming wins big in March, US casinos see best month ever. Sports betting being legalized in more states could boost the industry. The industry is encouraged by the strong performance in gaming revenue. The economy faces significant challenges. It could slow the current growth trends. There is still room for growth in the tourism industry in Nevada. However, it is not as good as it was before the pandemic. They need non-gaming areas to return to normal levels. International visitation and trade show and convention attendance are improving. But they haven't returned to pre-pandemic levels yet.
The Las Vegas Strip is the largest casino market in the U.S. with $7.05 billion in revenue. Atlantic City is second with $2.57 billion, Chicago area $ 2.01 billion and Baltimore-Washington D.C. $1.61 billion. Philadelphia, the Poconos and Pittsburgh are the second largest market with nearly $3.88 billion revenue, while downtown Las Angeles has $ 731 million in revenues. Americans bet $57.7 billion on sports last year.