US tribal and commercial casinos post record revenues as sports betting dips

US tribal gaming receipts hit an all-time high last year, and commercial casinos also reported record revenues, CasinoBeats reports. The most recent National Indian Gaming Commission (NIGC) gross gaming revenue figures show a rise of $2.3 billion, highlighting a strong year for casino takings across the US.

At the same time, sports betting has dipped, a trend industry chiefs have linked to the “explosive rise” of prediction markets. That fall in sports wagering contrasts with the record performances reported for tribal and commercial casino revenues in the same period, according to the reporting.