United States continued commercial gaming growth with highest monthly revenue ever

United States continued commercial gaming growth with highest monthly revenue ever

The good times are not yet over for the commercial gaming industry in the United States. The industry reported revenue of $5.29 billion in October, up 10.5% year-on-year and an impressive 20-month growth. But the most important point to note is, October was the second most profitable month in the history of the industryIt was only dwarfed in March 2022 when $5.35 billion was produced.

These figures were released on Tuesday. Commercial Game Income Tracking American Gaming Association (AGA for its English abbreviation) provides state and national information on the performance of the industry.

With this promising outlook for the sector and a short while before the end of the year, 2022 is once again a candidate to be the year of records. In the first ten months, commercial gaming revenue was $49.85 billion, up 14.7%. Compared to the same 10-month period of 2021.

In October, gaming revenue increased year-over-year across all industries; achieve an unprecedented monthly rating, especially with iGaming. Combined revenue from slots and table games at casinos accounted for the largest revenue share at $4.03 billion (76.2% of the total), with sports betting $804.7 million (15.2% of the total) and iGaming 453. $.1 million (8.6% of the total).

Combined, sports betting and iGaming generated $1.26 billion in October, accounting for almost a quarter (23.8%) of total gaming revenue.. The AGA has seen proportionally the highest revenue come from these emerging industries since the peak of pandemic-related casino closures in September and October, particularly in 2020, driven largely by a tight sports calendar.

Meanwhile, Last 12 months revenue (TTM), meaning it covered the last twelve consecutive months from November 2021 to October 2022, was $59,420 million.. TTM revenue sequentially increased slightly by 1% compared to the previous TTM period (October 2021-September 2022), which the chamber of commerce says reflects how the industry is constantly expanding.

At the individual market level, 26 out of 33 commercial gambling jurisdictions operating a year ago (Except for Arizona, which did not report data during the month of October) noticed an increase in their income Compared to October 2021. Monthly gaming earnings decreased or remained stable only in Delaware, Maine, Missouri, New Jersey, Ohio and Oklahoma.

If extended to the first 10 months of 2022, only three jurisdictions lagged behind the revenue pace By vote compared to the same period in 2021: District of Columbia (-9.2%), Mississippi (-3.6%), and South Dakota (-0.6%).

While DC’s revenue tends to fluctuate based on its small sports betting market retention percentage, The slowdown in Mississippi and South Dakota largely reflects stricter-than-average comparisonsThe AGA explains that Covid restrictions in these states were eased earlier in 2021 compared to most other jurisdictions.

At the national level, Slot machines and table games posted revenues of US$ 4.03 billion in October, up 1.5%. compared to the same period last year. Slot games brought in $2.91 billion, up 2.4%, while table games revenue rose 1.9% to $846.9 million.

On the other hand, regarding the most important milestones at the state level, October was the first full month that Nebraska casino slots started operating. After 27th casino market September 24. The state’s first commercial speedway grossed approximately $4.3 million, and monthly slot machine revenue far exceeded those in Iowa, Kansas, and Missouri.

So far this year, casino slots and table games have grossed $39.97 billion, up 7.4%. Compared to the same 10-month period in 2021. Likewise, the AGA notes that in 21 of the 25 states with commercial gambling and table gambling in 2021, combined revenue from these industries increased through October.

Sports betting activity was at its highest level since January, largely thanks to a busy October schedule.because Americans in 27 jurisdictions where commercial sports betting is legal, 9,070 million USD bet In sports, it achieved a turnover of 804.7 million US dollars. During the month of October, The annual number of sports bets is 73,110 million USD.70% more than in the same ten months of 2021. Sports betting revenue so far this year was US$5,760 million, up 77.9% year-on-year.

Meanwhile, iGaming operations in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia Together, it surpassed the same period of 2021 by 26.8%, setting a new monthly revenue record totaling US$453.1 million.. TTM revenues were US$4,710 million, up 1.8% compared to the previous 12-month period.

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