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Moody's says U.S. gambling revenue reaching bottom

NEW YORK, New York -- Moody's Investors Service says that slowing declines in revnue is a sign that the U.S. gambling industry is reaching a bottom, according to The Wall Street Journal.

Moody's says that gambling revenue will stablize after a few more months of slowing declines. New Jersey, Michigan, Illinois and Iowa have all posted declines in revenue, according to the WSJ.

However, Missouri and Louisiana both posted double-digit gains in gambling revenue. Indiana also posted a 4.3% gain, the WSJ reports.

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