US Gaming Executives Less Optimistic On Outlook For Industry

The latest report from the American Gaming Association’s (AGA) Gaming Industry Outlook paints a less optimistic outlook regarding industry executives following their optimistic stance in the first quarter of the year.

When the AGA posted their first quarter report it said that 62% of senior executives felt their current business situation was “good” or “satisfactory.” However in the latest third quarter those numbers have dropped dramatically to 42% now feel the same way.

The fall in optimism says the AGA is a result of a number of factors such as the previous explosion in states legalising sports betting and following the end of the pandemic gamblers flocked back to locations such as Las Vegas that has been seeing revenues hitting $1 billion a month now for 30 months consecutively.

Bill Miller the President and CEO of the AGA said on the report: “The significant expansion and record demand for legal, regulated gaming in the post-pandemic era have allowed our members to consistently invest in our product and people to deliver innovative entertainment options for American adults.”

A notable reason why executives felt that optimism was fading is the US situation with inflation and higher interest rates, in fact 58% of those senior executives pointed to these challenges.