AGA reports $5.65bn in August gaming revenue
The organization said August set a new monthly high.
Key Points
- Revenue is up both for the month and year-over-year
- The AGA has reported 42 consecutive months of revenue growth
The American Gaming Association (AGA) has released its gaming revenue report for the month of August. The report reflected an 8.7% increase in revenue growth year-over-year.
The AGA has reported revenue growth for 42 consecutive months.
During the month of August, gaming revenue reached $5.65bn. This total set a new high for the month, the AGA said.
In a breakdown of revenue by market, revenue from traditional casinos in August totaled $4.18bn, while revenue from iGaming and sports betting reached $0.7bn and nearly $0.8bn respectively.
Gaming revenue year-to-date totaled $46.93bn, which reflects a boost of 7.5% when compared to totals from the first eight months of 2023.
The AGA outlined the growth in various territories throughout the country in a statement, “Of the 34 commercial gaming jurisdictions that were operational a year ago and had published complete August data, 32 reported an increase in combined revenue from traditional casino games, sports betting and iGaming with only Nevada (-3.8%) and South Dakota (-4.2%) contracting.”
The AGA went on to note that nationwide casino gaming, iGaming verticals and sports betting generated $1.21bn in tax revenue during the month of August.
Regulated gaming operators have made $10.14bn in tax contributions so far this year.
The AGA recently projected that American adults will place $35bn in legal bets with sportsbooks during football season, more than any other year.
Estimates are based on previous research the AGA conducted during last year’s NFL season. American sports fans bet close to $26.7bn on football in 2023, according to data collected.
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