AGA reports over $60bn in US gaming revenue for 2022
This is an annual record in gaming revenue from all US regulated markets.
The American Gaming Association (AGA) has released US commercial gaming revenue for 2022. For the entire year, in all regulated states, the US reached an annual record of $60.4bn in revenue.
This beats the previous year’s record revenue tally in the US of $53bn set in 2021, according to the AGA’s Commerical Gaming Revenue Tracker.
The AGA, in part, attributes this all-time revenue total to all-time quarterly highs in Q4 2022, in which the US generated $15.9bn from all regulated sources.
It adds that sports betting and iGaming marked single-quarter highs, while traditional gaming grew by almost 2% year-on-year.
AGA President and CEO Bill Miller said: “Our industry significantly outpaced expectations in 2022.
“Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefitting communities, and taking market share from the predatory, illegal marketplace.”
Throughout the year, retail gaming accounted for 80.5% of total revenue, while online gaming made up 19.5%, a new high for the online sector.
Delving further into details, the AGA reports that 84 million adults, or 34% of the population, visited a casino in the past year – this includes casinos in the new markets of Nebraska and Virginia.
Demand for table games also saw a boost of 13.9% year-on-year for 2022, while demand for slot machines grew 5.1%.
Elsewhere, sports betting growth in legal markets continued, with a new yearly sportsbook revenue amount for all markets of $7.5bn.
The AGA says this growth was fuelled by Kansas, a state in which both retail and sports wagering launched in 2022. The year saw mobile sports betting launch in Louisiana, New York and Maryland.
The iGaming market in the US also grew, with revenue of $5bn representing a 35.2% increase year-on-year.
Miller concluded: “Even as we navigate macroeconomic headwinds, I am optimistic about the year ahead.
“To carry our momentum into 2023, the AGA remains focused on combating the illegal market, doubling down on responsibility, and creating favorable policy and regulatory conditions that enable our industry’s sustained success.”
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