In order to get a detailed report about the US market, American Gaming Association (AGA) prepared a Commercial Gaming Revenue Tracker. The results are presented for both the whole year and the fourth quarter.
During 2022, the US market has achieved record revenue. This is the second year in a row with such results.
The highest revenue ever:
According to the AGA’s data, $60.42 billion has been earned during 2022 through traditional casino games, sports betting, and iGaming, which is a 13.9% increase compared to 2021. Compared to 2019, the growth is even more significant: 38.5%.
It is the first time in history that the total revenue in the US will be over $100 billion. The National Indian Gaming Commission is expected to send its report when confirmed.
The economic situation has been challenging, but the market still recorded the highest growth ever, both monthly and quarterly. In the fourth quarter, the recorded growth was 10.5%. December has been the month with a record increase of 16.7%. The monthly revenue has been $5.43 billion.
Casino slots and table games, sports betting, and iGaming have separately hit the record. Each category had the highest revenue ever. Casino slots and table games hold 79.3% of total commercial gaming revenue, with an income of $47.83. Sports betting was the second highest, with a revenue of $7.50 billion, which is 12.4% of total income, while iGaming has generated $5.02 billion, with 8.3% of total gaming revenue.
Despite the growth of the online gaming industry, Americans are still great fans of retail sports betting and brick-and-mortar casinos. These gained 80.5% of total gaming revenue, much more than the revenue generated from mobile sports betting and online casinos (19.5%).
States are breaking the records:
If we take a look at the particular states, the gaming revenue has increased in 32 of them. Also, 29 states recorded the highest revenue ever.
The revenue achieved by slot and table games hit a record of $47.83 billion, which is an increase of 6.4%, from which slot revenue increased by 5.1%, and table games by 13.9%. The only markets that recorded a decrease in income when it came to slots and table games were Michigan, Kansas, Mississippi, and South Dakota.
On a national basis, even 34% of adult Americans visited a casino during the last year. It’s 6% more than it was last year but still 10% less than in 2019, so it seems the country is still recovering from the COVID-19 pandemic. The average age of casino visitors is 42.4 years, which is a decrease compared to previous years. In 2021, the age was 43.6, while in 2019, it was 49.6.
Even the smaller markets recorded the highest revenue ever. Despite the domination of land-based casinos, iGaming, and sports betting seem to be more popular than ever in the States. The results may change by next year – it’s to be seen.