The movement of money is a necessary process for patrons and operators alike. A smooth payment process can affect a patron’s overall experience at a casino. With the flexibility of delivering new payment options, operators can offer advanced technology for the patrons’ payment experience. For example, according to the American Gaming Association’s (AGA) Payments Modernization Principles, casino floors that add new payment capabilities allow patrons to make convenient gaming transactions.
With 2022 in the books and 2023 already in full swing, it’s time to examine some of the gaming industry’s biggest successes from last year. Alongside the legalization of sports betting across many states and new advents in online gaming, the industry overall has seen tremendous growth in the past 12 months. According to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker, comparative growth increased by 2.4% year-over-year for the 21st consecutive month. Additionally, the commercial gaming revenue through November 2022 ($54.93 billion) is already 13.5% higher than in 2021 and beat the previous year’s record ($53.04 billion).
Now that the industry has licked its wounds from the pandemic, commercial gaming is more vital than ever. While online gaming continues to surge, many people can go back in person to casinos and gambling facilities, an indicator of why the revenue is higher than average.
Pavilion Payments provides solutions for patrons who prefer to play with cash when visiting casinos and want to tap into the cashless capabilities. The VIP Financial Center™ is Pavilion Payments’ comprehensive kiosk solution is a full-service solution located right on the casino floor that provides convenient self-service TITO ticket redemption, bill breaking, e-check, ATM, and cash advance capabilities to casino guests. The VIP Financial Center also works hand in hand with Pavilion Payments cashless solution, VIP Mobility™. VIP Mobility allows for a better gaming experience by enabling patrons to utilize their mobile phones to fund their play and complete all transactions on their mobile devices, leveraging a digital approach emphasizing speed and convenience.
“We’re seeing the world gradually open again, and people are hungry as ever to game,” said AGA Senior Vice President Casey Clark. “As legal, commercial sports betting slowly sweeps the nation, it’s offering many new and untapped opportunities for consumers.”
The busy sports calendar toward the latter half of the year and the legalization of sports betting are two factors that go hand in hand with how commercial gaming revenue was so high in 2022. The sheer multitude of games to bet on has opened the door for many avenues of revenue. With Pavilion Payments iGaming solutions, patrons enjoy a simplified and easy gaming experience.
Click here to learn how Pavilion Payments provides Patrons with industry-leading solutions.