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Queensland’s May gaming revenue tally up 13.8% yearly

The release of Queensland‘s gaming data for May 2024 revealed a robust performance for gaming venues, with total gross revenue experiencing a 13.8 percent increase from the same month in the previous year.

According to Geoff Wohlsen from Wohlsen Consulting, compared to April revenue saw a 6.3 percent rise.

Pubs enjoyed a particularly strong month, recording an 8.1 percent increase in gross revenue compared to April. This growth boosted pubs’ market share from 56.1 percent to 57 percent.

Traditionally, May sees an uptick in gaming revenue compared to April, typically ranging from 3 percent to 5 percent, attributed to the additional trading day and the impact of ANZAC Day in April. This year, the five Fridays in May further contributed to the positive results.

Overall, Queensland’s total gaming machine gross revenue for May 2024 was AU$293.1 million ($195.4 million), marking a 13.8 percent increase from May 2023.

Average daily revenue per machine rose from AU$207 ($138) to AU$237 ($158), a 14.5 percent increase, as clubs held a 43.0 percent market share, while hotels’ market share grew to 57 percent.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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