weather icon Clear

Record $3B wagered on sports in legal US sportsbooks in October

Updated December 8, 2020 - 7:21 pm

Americans bet more on sports in legal sportsbooks in the United States in October than in any other month in history, the American Gaming Association reported.

The $3 billion sports handle for the month was one of the findings reported by the AGA’s Commercial Gaming Revenue Tracker released Tuesday.

There are now 19 states and Washington, D.C., that offer legal sports wagering with six states approved but not yet operational and four states that have legislation pending.

The AGA also reported gaming revenue reached $3.38 billion, matching 93 percent of revenue levels from October 2019. Six states – Colorado, Iowa, New Jersey, Ohio, Pennsylvania and South Dakota – saw revenue gains over October 2019, mostly powered by strong sports betting and iGaming performance.

The AGA said commercial gaming revenue rose 6.3 percent from September to October, an indication the industry is slowly recovering from the coronavirus pandemic that shuttered casinos nationwide this year.

In October, total gross gaming revenue was off 7 percent with slot machine revenue down 10.6 percent to $2.11 billion and table games off 16.9 percent to $542.9 million compared with October 2019.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

Don't miss the big stories. Like us on Facebook.
PlayAGS recovery a “few years” away

It’s going to take a “few years” before slot machine manufacturer PlayAGS Inc. is back at 2019 levels, but CEO David Lopez is confident that a recovery is in the works.