Our 2024 forecast, for brick-and-mortar gaming (no sports/online betting):
2023 was a difficult year of slow/no-growth for many gaming properties, especially regionals and we expect much of the same for 2024. The final quarter of 2023, gaming results have weakened due to higher interest rates causing inflation even as higher employment rates have occurred yet have not benefitted consumer’s discretionary income. Additionally, higher interest rates on debt create additional disruption as consumers begin to tap credit cards on which the debt will cost consumers more to service. However, and before we try and forecast for a black swan even, given the current circumstances.
Our national forecast for same-store-sales is for slight growth to moderate growth (+1% to +2%) for 2024 versus 2023; conversely, total gaming (including new jurisdictions) would grow by +3% to +4%.
READ THE FULL ARTICLE BY JAY SARNO IN THE 2024 SPRING EDITION OF GAMING & LEISURE MAGAZINE.