AGA: Commercial sports wagers rise a record 58.2% from last January
AGA’s Commercial Gaming Revenue Tracker shows record setting data in all gaming markets.
The American Gaming Association has released its Commercial Gaming Revenue Tracker with data through January.
The tracker provides state-by-state, cumulative data on the financial performance of the gaming industry based on revenue reports by state.
2022 was a record-setting year, however, commercial gaming has continued to boom in 2023, with a new single-month revenue record for the industry in January. The first month of the year brought in gaming revenue of $5.5bn, which was up 21.1% compared to this time last year.
The figures have been led by monthly sports betting revenue, which exceeded $1bn for the first time. Gaming revenue also grew year-over-year across all other verticals: with slots up 15.5%, table games up 14.7% and iGaming up 20.6%.
Land-based casino revenue generated from slot machines and table games totaled $3.99bn, while iGaming produced monthly revenue of $482m.
Sports betting, live in 29 commercial markets, was up 58.2% from last January, when only 26 markets were live. However, in-person gaming remains the cornerstone of US monthly gaming revenue.
In total, 31 of 33 commercial gaming states that were operational one year ago posted year-over-year revenue growth in January this year, with Washington DC and Maryland being the only two to show a decline – of less than 25% each.
Oregon’s change from January to January was the highest, with an increase of 215.9%.
The launch of Ohio’s sports betting and Massachusetts’ retail sports betting in the month of January also aided in the US reaching a total monthly high of $10.9bn. The newly legal Buckeye State reached gross revenue of $208.9m alone in its first month of legal sports betting operation.
Arizona had not yet reported its January numbers and was the only state not included in the tracker’s overall data.
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