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Casino Gambling Up In The US In 2011

The 2008 recession was the first time in history that casinos were affected badly by the economy. In past recessions, the gaming industry was thought to be exempt from economic troubles, but in 2008 the recession showed that casinos were just as at risk as any other American-based business.

The good news for the gaming industry is that casinos have started to rebound from the recession. The American gaming Association figures show that several states help drive the gaming revival in 2011. Among those states were popular gaming destinations such as Nevada and Pennsylvania.

Surprisingly missing from the list is New Jersey. The Garden State has seen its casino industry suffer at great lengths during and immediately after the recession. The competition has grown stiffer for Atlantic City casinos, and many analysts believe that by the end of this year, Pennsylvania casinos may pass New Jersey casinos in overall revenue.

New Jersey revenue fell in 2011 by 6.9%, to $3.3 billion. Nevada, on the other hand, saw revenue rise at their casinos by almost three percent. The $10.7 billion won in Nevada was the highest of any state. Pennsylvania casinos won over $3 million, narrowing the gap considerably on New Jersey from 2010.

The past two decades have been great for casinos in the US up until the recession. The gaming boom took off in the nineties, and continued well into the new millennium. The decline from the recession is expected to be brief, with another wave of casinos coming to the US thanks to the economic hardships that states are experiencing. Dozens of states turned to gambling expansion to get through the recession.

In addition to Nevada and Pennsylvania, Florida, Oklahoma, West Virginia, New York, Rhode Island, and New Mexico all saw revenue increase in 2011. Louisiana, Mississippi, Delaware, and Maine were among the states that had their revenue decrease from the previous year.

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