2012 revenue figures show bright prospects for commercial casino industry

In 2012, Commercial casinos, spread across US, were able to collect USD 37.34-billion in gambling revenue. This is the second highest figures, which have been produced by the gambling states of the nation, ever.

According to some of the gambling leaders, this figure can be considered as a sign that there is a bit of recovery in the industry. Before this, the consumer spending was considerably zapped for recession.

The American Gaming Association, responsible for compiling the gambling revenue stats from different land-based casinos of different states, released the figures in the annual report of the casino industry.

In 2012, Ohio was added as the new state in the list offering casinos. There were also expansions in the existing ones in the New York, Kansas, Maryland and Maine. There was an increase in the annual gambling revenue from the figures of 2011. This was the third year in running, which saw an increase in the gaming revenues, after seeing two consecutive years of decline.

Frank Fahrenkopf Jr., who is the president of the American Gaming Association, said, “Industry situation is shaping up quite well. Things are tuning up well for strong prospects in the coming period. It is quite clear that we have gone past our worst phase.”

He added, “Whether we were looking at jobs, tax revenues or visitor figures at the casino, everything gives you more than enough to be optimistic about the future of the commercial casino industry.”

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