The American Gaming Association (AGA) has released its Q1 2023 report as part of its Commerical Gaming Revenue Tracker, as well as its State of the States report for the entirety of 2022.
The Q1 2023 report saw gross gaming revenue increase (GGR) of 14.6%, resulting in an industry-high amount of $16.47bn.
This makes for the eighth consecutive quarter that the gaming revenue has broken records, with March alone grossing $5.9bn.
Fuelling this was the report from the Nevada Gaming Control Board, which published $1.32bn in revenue for March.
Out of the 35 gaming markets covered by the Commercial Gaming Revenue Tracker report, a total of 18 also set new revenue records.
Online gaming grew to account for 24.7% of the total revenue amount and iGaming alone contributed $1.5bn to this.
With a number of newly legalised sports betting markets opened this year, a record $31.1bn was wagered on sports.
This created $2.7bn in revenue, an increase of 64.2% from year-on-year.
Finally, brick-and-mortar casinos reported $12.3bn in combined revenue from slot machines and table games.
Bill Miller, AGA President and CEO, said: “After two full years of successive growth post-Covid, the US gaming industry has never been stronger.
“With records across every gaming vertical, from brick-and-mortar casinos to mobile gaming, American adults continue to choose gaming as one of their top entertainment options.”
In its State of the States review, AGA reported that commercial gaming revenue reached $60.4bn in 2022, beating the previous record from 2021 which sat at $53.0bn.
Excluding income and sales taxes, commercial gaming operators paid $13.5bn in direct tax revenue to state and local governments.
Miller continued: “As one of the biggest taxpayers in states across the country, we know that when gaming is successful, so are our communities.
“Beyond our significant tax contributions, our industry is ingrained in local communities, bolstering economic development through job creation, supporting local charities and nonprofits, and setting the standard on corporate responsibility.”
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