US commercial gaming revenue reaches $66.5bn in 2023

February 20, 2024
Leer en Español

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... 


Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.