The reopening of casinos across the United States has significantly contributed to the increase of commercial gross gaming revenue (GRR) by 293.0% quarter-on-quarter in Q3. However, ongoing novel coronavirus (Covid-19) restrictions on land-based venues mean revenues are still below prior year levels.
Total GGR in the three months to September 30 was at $90.4 billion, up from $2.30 billion in the second quarter of 2020, but down by 18.9% on the same month in 2019. This is according to figures published by the American Gaming Association (AGA).
Most casinos and other land-based betting venues reopened in Q3, after they were forced to temporarily shut down in mid-March due to Covid-19, and this helped for the GRR to increase quarter-on-quarter.
Over 100 casinos reopened between July and September, and 90.0% of commercial and tribal casinos (a total of 902) were already operational by the end of Q3, compared to 80.0% (800) at the start of the period.
The AGA, however, explained that the main reason for the year-on-year decline was the ongoing Covid-19 health and safety measures, such as social distancing and capacity restrictions, on land-based commercial casinos and other venues.
“Our industry continues to prioritize the health and safety of our employees, customers, and communities above all else,” Bill Miller, AGA president and chief executive, said. “While these quarterly results are promising, the reality is a full recovery is dependent on continued public health measures to control prevalence rates,” he added.