US commercial gaming revenue reaches $66.5bn in 2023
This is the third straight record revenue year.
The American Gaming Association (AGA) has reported that US commercial gaming revenue reached $66.5bn in 2023, surpassing the previous high of $60.5bn recorded in 2022.
Much of this revenue was seen during an all-time high quarterly revenue of $17.4bn in Q4 2023, helped by the highest-grossing month in industry history in December 2023, which was valued at $6.2bn in revenue.
Looking closer at the numbers, traditional gaming revenue increased by 3.3% to $49.4bn when compared with the year prior, while iGaming revenue grew 22.9% to $6.2bn. Sports betting set a new record for handle at $119.8bn and sportsbook revenue at $10.9bn.
Overall, online gaming made up 24.7% of the nationwide commercial gaming revenue in 2023.
Commercial casino gaming markets continued to grow during the year, with 12 of the top 20 reporting revenue growth compared to the previous year.
In terms of contributions, commercial gaming operators paid approximately $14.4bn in direct gaming revenue taxes, an increase of 9.7% when compared with 2022.
AGA President and CEO Bill Miller said: “From the traditional casino experience to online options, American adults’ demand for gaming is at an all-time high.
“Sustaining our momentum will take unified industry efforts around combating pernicious illegal operators and growing responsible gambling efforts in tandem with the growth of the legal market – both of which the AGA is committed to lead on throughout 2024.
“Gaming’s success translates directly to the success of the states, cities and towns in which we operate. We are proud to be in 47 US jurisdictions, acting as economic drivers, creating jobs and providing the funding that makes critical public education programs, infrastructure projects, problem gambling resources and more possible.”
Similarly, Tribal gaming revenue in 2022 hit a record of $40.9bn, a 4.9% increase from 2021. Even higher numbers are expected for 2023…
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