Over the past five years, gaming growth can be attributed to market expansion as well as the opening of new casinos. Historically though, this market expansion has led to its neighboring states experiencing a decline in revenues. The good news for 2018 is that for the first time, new casino openings did not lead to reduced gaming revenues in neighboring states overall.
There are only two states that did experience a revenue decline in the traditional brick-and-mortar casino business—Illinois (-2.5 percent) and West Virginia (-1.8 percent). However, these two states did produce growth in overall gaming revenues when revenues from limited stakes video gaming are considered—the Illinois’ gaming market increased by 6.0 percent and West Virginia’s gaming market increased by 1.8 percent.