The American Gaming Association (AGA) recently provided a state and national view of the financial performance of the US commercial gaming industry.
According to the report, October was the second best month for the gaming industry, as the segment reached US$ 5.29 billion in revenue (behind only March 2022, US$ 5.35 billion). Revenue increased 11% year-over-year despite widespread macroeconomic concerns, and October was the 20th consecutive month of year-over-year growth.
It was growth across all industries, with national iGaming revenue setting an all-time monthly record. Combined casino slot and table game revenue was $4.03 billion, or 76.2% of total gaming revenue, while sports betting totaled $804.7 million (15.2% of the total) and iGaming US$ 453.1 million (8.6% of the total).
At the individual market level, 26 of the 33 commercial gaming jurisdictions that were operational a year ago (excluding Arizona, which did not report October data) saw revenue growth compared to October 2021. Monthly earnings were flat in Delaware (-3.7%), Maine (-2.8%), Missouri (-4.7%), New Jersey (-0.7%), Ohio (-0.3%), and Oklahoma (-0 .4%).
The AGA report further added that as of October, annual US sports betting volume is $73.11 billion, up 70% from the same 10-month period in 2021 when 24 markets were up and running. . Annual sports betting revenue to date is $5.76 billion, up 78% year-on-year.
Meanwhile, iGaming operations in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia generated a record combined monthly revenue of $453.1 million, up 27% compared to 2021.
