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US casinos hit historic jackpot with record-breaking revenue
America’s casinos get ‘lucky,’ rake in record $5.3B in March
FOX Business’ Jeff Flock reports from Atlantic City, New Jersey, where U.S. casinos are seeing their best earnings month ever.
America’s casinos have gotten lucky this year after earnings hit a record-setting jackpot.
March marked the biggest month ever for U.S. casinos, raking in $5.3 billion in revenue and capping the quarter as the highest-grossing revenue month in industry history, according to the American Gaming Association. It also reported that nationwide gaming revenue totaled $14.3 billion in the first quarter of 2022, setting a new record and nearly matching the all-time quarterly record of $14.35 billion set in the fourth quarter of 2021.
While total revenue for 2022 shot up 20% year-over-year, Las Vegas remained the casino king last year generating $7.05 billion, followed by Atlantic City with $2.75 billion.
Chicago, which announced last week that it will welcome a new Bally’s location, reported the third-highest revenue with just over $2 billion.
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Reporting outside of Bally’s on Atlantic City’s boardwalk, FOX Business’ Jeff Flock explained how gaming and betting can be seen as "inflation-proof."