On May 16, the much-anticipated State of the States 2023 report was released by the American Gaming Association (AGA). This detailed document provides an exhaustive economic and regulatory breakdown of US commercial gaming performance for 2022. It offers indispensable insights for policymakers, stakeholders, and industry observers keen on understanding the state of American gaming.
Gaming Income Hits All-Time High
A pivotal highlight from the report is the staggering US commercial gaming revenue record of $16.60 billion for the first quarter of 2023. Notably, this marks the eighth consecutive quarter of record-breaking industry revenue. Furthermore, March alone registered a whopping $5.90 billion, marking it as the highest-grossing month in the history of the industry.
Key Commercial Gaming Revenue Data
The AGA’s Commercial Gaming Revenue Tracker is instrumental in providing cumulative and state-by-state financial insights into the US commercial gaming industry. It leverages data from state revenue reports to offer a comprehensive snapshot of the industry’s performance. The 2023 first-quarter results included in the report underscore the robust gaming activity across 34 states and the District of Columbia, spanning casino gaming, sports betting, and iGaming.
In addition, the AGA’s State of Play Map further illustrates the economic influence of the gaming industry, the regulatory framework, and casino locations for both the commercial and tribal gaming sectors on a state-by-state basis.
Broad-Based Record Profits
The report reveals that 18 out of the 35 commercial gaming markets in the US reported record-breaking profits this quarter. Remarkably, every commercial gaming vertical posted quarterly income records in Q1 2023. Here’s how different sectors fared:
- Traditional Gaming: Traditional brick-and-mortar casino gaming amassed $12.30 billion in quarterly revenue, a marginal increase over the previous high of $12.26 billion in Q3 2022.
- Legal Sports Betting: A record $31.11 billion was wagered on sports nationwide in Q1 2023, generating an impressive $2.79 billion in quarterly revenue—an increase of 70.1% year-over-year.
- iGaming: The iGaming sector reported a notable 22.7% year-over-year increase in profits, earning $1.48 billion in Q1 2023.
The State of the States 2023: Comprehensive Analysis and Insights
The annually published State of the States report delves into the financial dynamics of the commercial gaming industry across 35 jurisdictions with commercial gaming operations in 2022. The report, prepared in collaboration with VIXIO GamblingCompliance, offers a legality overview of various gaming types, the number of casinos by state, and summarizes key gaming policy discussions.
Furthermore, the report highlights that commercial gaming contributed a record $13.48 billion in direct gaming tax income to state and local governments in 2022, marking a 15.3% increase from 2021.
AGA President and CEO Bill Miller lauded the industry’s performance, stating, “After two full years of successive growth post-COVID, the U.S. gaming industry has never been stronger. 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.”
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