The American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker features state-by-state and nationwide financial performance data with breakdowns for individual gaming verticals.

As the mid-year mark approaches, the U.S. commercial gaming industry continues to maintain momentum. Despite macroeconomic challenges and increasingly tougher year-over-year comparisons, March, April and May have been the three best gaming months in industry history – each surpassing gaming revenue of $5 billion.

In May 2022, combined commercial land-based casinos, sportsbooks and internet casinos realized gaming revenue of $5.10 billion, marking a record for the month and the second-highest month in history. Sequentially, revenue was flat as land-based gaming grew 1.5 percent and sports betting grew 5.1 percent while iGaming contracted by 2.4 percent.

In May, commercial gaming revenue from sports betting and iGaming continued to grow on an annual basis.

Land-based and online sportsbooks generated $555.0 million in May revenue from commercial operations in 26 states. This is a 78.2 percent gain from 2021 when commercial sports betting markets were live across 20 states and the District of Columbia compared to 30 states and D.C. today. Through the first five months of 2022, commercial sports betting revenue stands at $2.70 billion, 78.0 percent ahead of the same period last year.

Meanwhile, combined revenue from iGaming in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia reached $406.4 million in May, increasing 30.9 percent from May 2021 when iGaming was operational in five states. Year-to-date iGaming revenue is $2.03 billion, up 45.6 percent on the same period in 2021.

Gaming revenue expanded by 9.5 percent compared to May 2021. This was the softest annual growth rate since February 2021 as year-over-year comparisons moved beyond months in which the industry was operating with significant COVID-related operating restrictions.

While challenges like supply chain issues, labor shortages and inflation persist, commercial gaming remains on track for another potential record-setting year with revenue in the first five months reaching $24.47 billion, up 21.0 percent from the same period in 2021.