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US National Casino Gambling Revenue Down

Written by:

Guest

Published on:

May/08/2010

National gross gambling revenues fell to $30.7 billion in 2009, a decrease of 5.5 percent from 2008.

It marked the second consecutive year of declining casino revenues due to the recession and consumers' cutting back on discretionary and leisure spending, according to the Philadelphia Inquirer.

Atlantic City fared the worst. It saw revenue drop 13.3 percent.

Nevada, including Las Vegas, was down 10.4 percent.

"This past year was tough for all Americans, and it was tough for our business as well," said Frank J. Fahrenkopf Jr., president and CEO of the gaming association. "Nearly every industry that depends on consumer spending to succeed has been negatively impacted by the recession."

Gambling911.com Staff

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