AGA: Q3 commercial gaming revenue again breaks record
With back-to-back historic quarters, industry is on pace for all-time year.
Nationwide commercial gaming revenue reached a new quarterly record of $13.89bn in the third quarter of this year, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker.
On Tuesday, the AGA said the Q3 mark represented the second consecutive quarter of record US commercial gaming performance.
With $38.67bn in revenue through the first nine months of the year, the AGA said the gaming industry already has passed revenue generated for full year 2020 and is on pace to smash its annual record of $43.65bn, set in 2019.
Traditional gaming continues to drive the industry’s performance, the trade group noted, with combined revenue from slots and table games setting a new quarterly record of $12.05bn.
After lagging in previous quarters, table game revenue beat its quarterly revenue record by more than 10% in Q3 2021.
Ten out of 25 states with commercial casinos saw quarterly revenue records, including the four highest-grossing commercial gaming states in 2019: Nevada, New Jersey, New York and Pennsylvania.
On the Las Vegas Strip, gaming revenue also hit an all-time high of $2.06 bn. The AGA said the Strip’s record was driven, in part, by the steady return of tourism, as 9.2m people visited Las Vegas in Q3 2021, a nearly 10% increase over Q2 2021 and the highest quarterly visitation level since the outbreak of Covid-19.
Q3 2021 commercial gaming revenue was bolstered by record online gaming revenue of $938.6 m. Meanwhile, sports betting revenue saw a quarterly low for 2021 of $886.5m due to a limited end-of-summer sports calendar.
As more and more states legalize, combined sports betting and online gaming revenue through the first nine months of the year sits at $5.36bn, up more than 200% year over year.
“Two straight quarters of record gaming revenue is an incredible accomplishment in any context, let alone after the most challenging year in industry history,” AGA president and CEO Bill Miller said in a statement. “Our recovery is not a flash in the pan, but rather a sustained result of our leadership in responsible reopening, world-class entertainment offerings and widespread favorability.
With brick-and-mortar gaming setting records, Miller said the expansion into new verticals, along with domestic and international tourism recovering, puts the gaming industry in a “strong position” for a full recovery. “I am confident that the return of meetings, conventions and international travel will further accelerate gaming’s recovery in 2022.”
The American Gaming Association is the national trade group representing the $261bn US casino industry, which supports 1.8m jobs nationwide. AGA members include commercial and tribal casino operators, suppliers, and other entities affiliated with the gaming industry.
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
