US gambling has experienced the highest three revenue months in its history during March, April and May, “despite macroeconomic challenges and increasingly tougher year-over-year comparisons.” Each month blew past the $5bn mark, according to reports from the American Gaming Association (AGA).
The association has compiled data from its Commercial Gaming Revenue Tracker, which features nationwide financial and state-to-state performance data. The tracker also reflects breakdowns for individual gaming verticals.
According to the report, 18 out of the 31 commercial gaming states that operated last year experienced revenue growth year-over-year during May. Out of 25 states, 22 of them saw annual growth generated from tradition gaming during the first five months of this year.
May proved to be a productive month for commercial land-based casinos, internet casinos and sportsbooks. All three posted $5.03bn in gaming revenue in May, which reflected an all-time high for the month and the second highest total in history.
Revenue in 2022’s first five months totaled $24.4bn, a 21% boost when compared to the same five-month period last year. Only four states, including the District of Columbia, Kansas, Mississippi and South Dakota, fell behind 2021’s revenue pace during the first five months of 2022. The decline in at least three of those states was attributed to “tougher than average comparisons as Covid restrictions.”
Slot GGR fell by 0.1% year-over-year to $2.94bn. Table Game GGR rose by 11% to reach $873.9m. Sports Betting GGR climbed 78% year-over-year and reached $487.5m, and iGaming GGR increased by 31% to $406.4m.
Since the Supreme Court repealed PASPA in 2018, online gambling is currently available in 32 states, with 18 of those allowing for legal online sports wagering. Revenue derived from betting wagers has surpassed $100bn during the past four years since PASPA has been overturned, according to recent data.
