SiGMA

U.S. sees second consecutive record quarter for commercial gaming revenue

Posted: Nov 11, 2022 14:35 Category: Americas , Casino , Sportsbetting , Posted by Sharon Singleton

U.S. commercial gaming revenue hit a record for the second consecutive quarter in 3Q22, topping $15.17 billion. 

According to the American Gaming Association’s Commercial Gaming Revenue Tracker, the high beat the record set in 2Q22 by two percent. 

For the first nine months of the year, 2022 is on track to outpace 2021 as the highest-grossing commercial gaming revenue year. It’s 14.7 percent above the same period last year and is already higher than the total for 2019. 

Slots took in the lion’s share with $8.84 billion, up 1.7 percent from the same quarter a year ago. However, sports betting was the fastest growing, surging 80.6 percent to $1.68 billion. iGaming rose 28.5 percent to $1.21 billion. Table games were also higher with GGR of $2.55 billion, up 2.4 percent. 

“While business challenges remain, high consumer demand continues to fuel our industry’s record success,” said AGA President and CEO Bill Miller. “Our sustained momentum in the face of broader economic volatility points to gaming’s overall health today and provides confidence as we look to the future.”

Commercial gaming’s year-over-year growth rate in Q3 2022 of 8.8 percent outperformed the broader U.S. economy’s growth rate in Q3 2022 of 2.6 percent.

Out of 33 commercial gaming states that were operational one year ago, 16 reported quarterly highs in overall commercial gaming revenue in Q3 2022, including five of the six largest markets: Indiana, Michigan, Nevada, New York and Pennsylvania.

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