- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Fact-checked by Angel Hristov
New Data: Casino Visitations Have Dropped But Patrons Spend More
According to the study, casino visitations have decreased in number by about 13.6% compared to 2019. In 2024 and 2025, casino visitations have remained about the same

David Katz, an analyst from Jefferies Equity Research, found that casino visitations have dropped since 2019 but revenue per visitor has slightly increased, with varying declines in some regions.
Jefferies Equity Research Study Records Less Visitors
David Katz is an analyst from Jefferies Equity Research and one recent study of his showed that casino visitations have fallen drastically over the past five years. Despite that, the incremental revenue per visitor has actually increased slightly for the same period of time.
According to the study, casino visitations have decreased in number by about 13.6% compared to 2019. In 2024 and 2025, casino visitations have remained about the same. Katz explained that the data was generally neutral to slightly negative for Boyd Gaming, Churchill Downs, Caesars Entertainment, Monarch Casino Resorts, and Penn Entertainment.
Detroit experienced a 3.8% year-over-year increase, but the pandemic significantly altered visitor habits, with Motown casinos seeing a 30.6% drop in attendance compared to 2019. Meanwhile, Atlantic City saw a 7% decline in visitation compared to early 2024 and an 11.5% decrease from 2019. Illinois fared worse, with an 8% drop from 2019 and a 12.9% decline from last year.
For Kentucky, the data is a bit less accurate as the state saw many recent casino openings, so a good comparison with the 2019 numbers is more difficult. However, this January there was a slight 2.3% increase in patronage in the state. In Colorado, the Black Hawk market experienced a 2.4% decline, despite Katz praising the strength of Monarch’s expanded resort. Ohio and Pennsylvania saw a decrease in visitations of 3.5% and 3.8%, respectively.
Why Is This the Case and What to Expect?
According to Katz, trends should continue to stabilize and potentially improve in 2025, as comparisons have started to ease vs. prior-year levels. However, he also warned that f higher costs for casino insurance, utilities, and labor might negatively impact performance.
After a weak December, Katz mentioned that casinos were seeing a customer base similar to what they had in the previous year. The analyst pointed out that Penn’s casinos, particularly in Illinois and Ohio, remain exposed to regions with intense competition.
Overall, foot traffic at casinos in most states is still somewhat choppy. According to Katz’s study, this reflects the monthly performance which is still normalizing post-COVID. In addition, new competition and renovation of venues have also impacted the monthly visitations of casinos.
In conclusion, David Katz explained that the main existing trends regarding the habits of gamblers will persist into the 2025 fiscal year.
Related Topics:
Stefan Velikov is an accomplished iGaming writer and journalist specializing in esports, regulatory developments, and industry innovations. With over five years of extensive writing experience, he has contributed to various publications, continuously refining his craft and expertise in the field.
Must Read
Industry
September 12, 2025
Animo Launches Next-Gen Live Gaming with Animated Hosts on Stake
Industry
September 12, 2025
California Continues to Advance AB 831, SGLA Expresses Frustration
More Articles
Industry
September 18, 2025
UKGC Publishes the First of Several Illegal Online Gambling Reports
Casino
September 18, 2025
Italy to Launch Ambitious Anti-Gambling Firewall
Casino
September 18, 2025
Romanian Regulator Shutters Two Illegal Sites
Casino
September 18, 2025
Wynn UAE Casino to Feature Crypto Payments & More
Poker
September 18, 2025
Kalshi Secures Daniel Negreanu as Its New Brand Ambassador
Casino
September 18, 2025
Poker Palace in North Las Vegas to Open Its Doors Again in 2026
Casino
September 18, 2025
Gang Who Posed as Detectives Locked Up for Recovery Scam
Casino
September 18, 2025
Times Square Casino Plan Falls Through Due to Broadway Opposition
Casino
September 18, 2025
Tourist in Las Vegas Shot by a Security Guard Armed Without Authorization
Casino
September 18, 2025
Ex-Gregg Township Official Jailed for $533K Gambling Embezzlement
Sports
September 17, 2025
Missouri Is Bracing for Sports Gambling – And Addiction