Commercial gaming is off to its fastest start in the industry’s history in 2022 according to the American Gaming Association (AGA) . Combined revenue for commercial gaming came in at $14.31bn, coming extremely close to surpassing the nation’s record of $14.35bn, set in Q4 2021.
“Consumers continue to seek out gaming’s entertainment options in record numbers,” said AGA President and CEO Bill Miller.
“Q1’s strong results build on the industry’s record year in 2021 despite continued headwinds from supply chain constraints, labor shortages, and the impact of soaring inflation.”
March was the most successful month in Q1, with $5.31bn, marking a record monthly revenue for commercial gaming.
This growth was fueled by the continued, and rapid, expansion of both sports betting and iGaming, as both segments set records. The land-based industry also had an impressive quarter.
“Four years post-PASPA, legal sports betting’s success is proving what we’ve known all along: American consumers are eager to wager within the protections of the regulated market,” Miller noted. “It also reinforces the need to stamp out offshore, illegal operators who prey on vulnerable customers.”
This record-breaking period marks a continuation of the tone set in 2021, as revenue for both states and operators hit all-time highs. Specifically, 2021 saw the commercial gaming industry earn $53.03bn in revenue.
“Our industry’s success goes beyond the bottom line and into communities across the country,” concluded Miller. “The record state and local tax contributions fund vital services from infrastructure and education to healthcare and emergency services.”
