U.S. gaming revenue tops record $16 billion

Finance News

U.S. commercial gaming revenue reached a quarterly record of $16.60 billion in Q1 2023, marking the industry’s eighth straight record-breaking quarter, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The quarter was highlighted by the industry’s highest-grossing month ever of $5.90 billion in March.

“After two full years of successive growth post-COVID, the U.S. gaming industry has never been stronger,” said AGA President and CEO Bill Miller. “With record growth 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.”

Legal Sports Betting: Nationwide, Americans wagered a record $31.11 billion on sports in Q1 2023, generating an all-time high of $2.79 billion in quarterly revenue (+70.1% year-over-year). The growth compared to Q1 2022 was largely driven by new market launches in Kansas, Massachusetts and Ohio.

iGaming grossed $1.48 billion in Q1 2023, marking a 22.7 percent year-over-year revenue increase.

“As one of the biggest taxpayers in states across the country, we know that when gaming is successful, so are our communities,” added Miller. “Beyond our significant tax contributions, our industry is engrained 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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