Defying inflation worries, US casinos have best quarter

ATLANTIC CITY, N.J. — Gamblers are shrugging off inflation concerns and losing money at casinos at a record pace. Figures released, Wednesday, show the US commercial casino industry had its best quarter ever, winning over $15 billion from gamblers in the third quarter, of this year. The American Gaming Association says the gambling halls are on track to have their best year ever, this year. 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.

“While business challenges remain, high consumer demand continues to fuel our industry’s record success,” said Bill Miller, the association’s president and CEO. “Our sustained momentum in the face of broader economic volatility points to gaming’s overall health, today, and provides confidence as we look to the future.”