The American Gaming Association has published its latest Commercial Gaming Revenue Tracker, providing state-by-state and nationwide insight into the performance of the United States’ gambling industry. The August results suggest that the US gaming industry might be in for a third record-breaking year in a row.

As reported by the AGA, casino gambling industry revenue continued to grow, while gaming revenue as a whole increased by 4.9% in August. According to the association, this marks the 30th consecutive month of year-on-year growth.

Leveraging data from state regulators, the AGA concluded that the US gaming industry exceeded the $5 billion mark for the twelfth month in a row, sitting at $5.14 billion in August. The first eight months of the year, meanwhile, saw the industry accumulate revenue of $43.15 billion. This figure notably marks a 10.4% YOY increase.

Growth wasn’t universal, however. According to the report, 17 of the 33 states with commercial gambling markets saw their revenues increase. Meanwhile, six markets recorded marginally lower results. These included DC (-0.7%), Florida (-0.9%), Indiana (-1.2%), Iowa (-0.5%), Missouri (-0.3%) and Mississippi (-3.7%).

All Verticals Reported YOY Growth

The AGA also provided an insight into how the separate verticals fared. The association attributed the vast growth to the iGaming sector and pointed out that land-based gaming revenue growth has been experiencing a slight slowdown.

For reference, in August, land-based casinos and sportsbooks experienced a revenue increase of 0.8% year-on-year. Their online counterparts, meanwhile, saw their revenue skyrocket by 24.6% year-on-year. The AGA noted that Kansas, Maryland, Massachusetts, and Ohio were major growth drivers.

Traditional slots and table games are experiencing slower growth but are still responsible for much of the traditional casinos’ revenue. In August, these segments generated $4.06 billion in revenue, which represents a modest 1.1% YOY increase. Slot machines were responsible for almost three-quarters of that number.

During the first 8 months of the year, traditional slots and table games have generated $33.03 billion, surpassing last year’s figure for the same period by 3.3%.

The off-season period in professional sports, meanwhile, led to the usual decrease in revenue. Despite that, the figures exceeded the ones recorded in the summer of 2022, attesting to the increased interest in betting.

In total, sports betting handle for August was $6.67 billion, up 36.1% YOY. This translated into total revenue of $583.1 million, which is 21.2% higher than what the industry recorded in April 2022. This figure was bolstered by the recent launch of betting in additional states.

Through August, sports betting in the USA recorded revenue of $6.14 billion, a stellar 60.4% up YOY. Handle for the same period reached a whopping $68.23 billion. According to the AGA, these figures mean that betting handle is likely to surpass the $100 billion mark by the end of the year.

Finally, the AGA reported that the six states where online gambling is legal saw revenue from the vertical increase by 23.4% YOY to $495.8 million. Delaware was the only of the six markets that failed to report growth.

Through August, iGaming revenue reached $3.94 billion, representing a YOY increase of 22.7%.

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The American Gaming Association (AGA) has published its Q2 2023 Commercial Gaming Revenue Tracker, reporting Q2 record of $16.07 billion. This represents an 8.1% year-on-year increase and marks the 10th quarter of annual growth in a row.

Q2 2023 is also the second-highest grossing quarter in the history of commercial gaming in America, only surpassed by Q1 2023, which is the industry’s best quarter yet. As a result, the total H1 2023 revenue is a whopping $32.71 billion, making the period the strongest half-year for the commercial gambling industry in the States.

The AGA also noted that the first six months of the year have resulted in an estimated $7.28 billion in direct gaming tax revenue, received by states and local governments. This represents a 12.9% year-on-year increase and sets the industry on track to generating more annual gaming tax revenue than ever before.

In total, 23 of the 34 US jurisdictions with a form of legal gaming experienced YOY revenue growth in Q2 2023.

Digital Gaming Made These Numbers Possible

The AGA report noted that land-based gaming is still responsible the larger part of the commercial revenue. However, the spectacular growth is attributable to the fast expansion of online sports wagering and iGaming, the association added.

Q2 revenue from land-based casino operations sat at $12.38 billion, representing a modest YOY increase of 0.9%. Online casino gaming, meanwhile, generated $1.48 billion in revenue.

Online gaming as a whole, on the other hand, skyrocketed by 43.1%, to $3.68 billion in Q2 2023. The AGA noted that the growth can be attributed to the recent launch of online sports betting in Kansas, Maryland, Massachusetts and Ohio.

The commercial sports betting industry (both retail and online) posted total revenue of $2.3 billion. The figure translates into an increase of 56.6% and marks the strongest quarter for sports wagering in the United States.

AGA’s president and CEO Bill Miller said that the growth of gaming continues to have a positive impact on communities thanks to the industry’s tax contributions. He said that the results clearly show that the post-pandemic recovery wasn’t merely a fluke.

To sustain this momentum, the AGA will continue enlisting more allies in our fight against the illegal market, bolstering responsible gaming, and building a business environment that allows our innovative industry to bring world-class entertainment to adults across America.

Bill Miller, president & CEO, AGA

Earlier this month, the AGA announced its 2023 Hall of Fame honorees.

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