U.S. sports betting and online gaming revenue hits $60.4 billion 

Finance News

U.S. commercial gaming revenue reached an annual record of $60.4 billion in 2022, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker.

This marks the first $60 billion year for the commercial gaming sector, passing the previous record of $53.0 billion set in 2021. The year was punctuated by all-time high quarterly commercial gaming revenue of nearly $15.9 billion in Q4 2022. Sports betting and iGaming both marked single quarter highs, while traditional gaming grew 1.7 percent year-over-year.

“Our industry significantly outpaced expectations in 2022,” said AGA President and CEO Bill Miller. “Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefitting communities, and taking market share from the predatory, illegal marketplace.”

“Even as we navigate macroeconomic headwinds, I am optimistic about the year ahead,” continued Miller. “To carry our momentum into 2023, the AGA remains focused on combating the illegal market, doubling down on responsibility, and creating favorable policy and regulatory conditions that enable our industry’s sustained success.”

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