AGA commercial gaming revenue tracker posts $5.49bn for May
Online sports betting and iGaming both rise at least 20%, while land-based gaming has decreased 0.6% from 2022.
The American Gaming Association (AGA) has released its commercial gaming revenue tracker with data up to May 2023, showing a 27th consecutive month of national, yearly growth. The report showed total gross gaming revenue (GGR) of $5.49bn for the month, and includes both individual states’ and cumulative results.
The industry has generated a total of $27.59bn in GGR from January to May 2023, which is an increase of 12.4% compared to the first five months of the previous year. The AGA states in the report that such annual comparisons are “no longer impacted by past Covid-19 concerns.”
IGaming was responsible for $497.4m in May, which is up 22.4% year-on-year. Its year-to-date revenue is $2.48bn, with Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia currently operating as the six legal iGaming markets.
Online gaming revenue also rose 43.4% from the previous year, buoyed by online sports betting launching in four new states this year: Kansas, Maryland, Massachusetts and Ohio.
Conversely, land-based gaming, including slots, table games and retail sports betting has experienced a decrease of 0.6% from 2022’s figures. Out of 33 operational commercial gaming jurisdictions, 24 states posted an annual revenue gain in the month of May. Nine states that experienced a decline did so due to a reduction in the traditional, land-based casino activity, while three experienced lower sports betting revenue.
Slot machines and table games have still reached a combined year-to-date revenue of $20.5bn, an increase of 4.1% on 2022’s. By state, 19 out of the 25 commercial gaming states that offered these traditional casino games in 2022 experienced growth this year.
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