Gamblers are shrugging off inflation concerns and losing money at casinos at a record pace. Figures released Wednesday show the U.S. commercial casino industry had its best quarter ever, winning over $15 billion from gamblers in the third quarter of this year.
ATLANTIC CITY, NJ - APRIL 29: A woman plays a slot machine at a casino on April 29, 2009 in Atlantic City, New Jersey. Since the beginning of the year, the 11 casinos in Atlantic City reportedly have eliminated 1,270 jobs; totaling a loss of 3,092 caInflation? High gas prices? American gamblers are shrugging them off — and losing money at casinos at a record pace.
Out of 33 states in which gambling was operational a year ago, 16 reported quarterly highs in overall gambling revenue, including five of the six largest markets: Indiana, Michigan, Nevada, New York and Pennsylvania. "I think it speaks to the continuing appeal of gambling, and that there may be even more appetite for it in uncertain times," he said, citing theand drew wide interest from people across the country.
Land-based slots and table games continue to be the foundation for the industry’s revenue growth, generating a record $12.27 billion in the third quarter, an increase of 1.8% percent from the same period a year ago.
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