{"id":6686,"date":"2024-02-22T00:13:20","date_gmt":"2024-02-22T00:13:20","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/02\/22\/us-gaming-industry-hits-record-66-5-billion-revenue-in-2023\/"},"modified":"2024-02-22T00:13:20","modified_gmt":"2024-02-22T00:13:20","slug":"us-gaming-industry-hits-record-66-5-billion-revenue-in-2023","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/02\/22\/us-gaming-industry-hits-record-66-5-billion-revenue-in-2023\/","title":{"rendered":"US Gaming Industry Hits Record $66.5 Billion Revenue in 2023"},"content":{"rendered":"<div>\n<p>In 2023, the US commercial gaming industry marked its third consecutive year of record-breaking revenue, achieving $66.5 billion, as reported by the American Gaming Association (AGA). This figure represents an increase from the $60.5 billion recorded in 2022, with significant growth observed in the final quarter of 2023. The industry witnessed its highest quarterly revenue of $17.4 billion in Q4 2023, culminating in December 2023 with the most profitable month in its history, generating $6.2 billion in revenue.<\/p>\n<p>Breaking down the revenue sources, traditional gaming saw a 3.3% rise to $49.4 billion compared to the previous year, while iGaming revenue soared by 22.9% to $6.2 billion. Notably, sports betting reached new heights with a handle of $119.8 billion and revenue of $10.9 billion.<\/p>\n<p>Online gaming accounted for 24.7% of the total commercial gaming revenue across the nation in 2023. Additionally, the commercial casino sector experienced expansion, with 12 of the top 20 markets reporting revenue increases over the prior year.<\/p>\n<p>Commercial gaming operators contributed approximately $14.4 billion in direct gaming taxes, up 9.7% from 2022, showcasing the industry\u2019s significant contribution to public finances.<\/p>\n<p>AGA President and CEO Bill Miller reflected on the industry\u2019s success and said:<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow noopener\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em> \u201cFrom the traditional casino experience to online options, American adults\u2019 demand for gaming is at an all-time high. <\/em><\/p>\n<p><em>\u201cSustaining our momentum will take unified industry efforts around combating pernicious illegal operators and growing responsible gambling efforts in tandem with the growth of the legal market \u2013 both of which the AGA is committed to lead on throughout 2024. <\/em><\/p>\n<p><em>\u201cGaming\u2019s success translates directly to the success of the states, cities and towns in which we operate. We are proud to be in 47 US jurisdictions, acting as economic drivers, creating jobs and providing the funding that makes critical public education programs, infrastructure projects, problem gambling resources and more possible.\u201d <\/em><\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/us-gaming-industry-hits-record-66-5-billion-revenue-in-2023\/\">US Gaming Industry Hits Record $66.5 Billion Revenue in 2023<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In 2023, the US commercial gaming industry marked its third consecutive year of record-breaking revenue, achieving $66.5 billion, as reported by the American Gaming Association (AGA). This figure represents an increase from the $60.5 billion recorded in 2022, with significant growth observed in the final quarter of 2023. The industry witnessed its highest quarterly revenue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-6686","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=6686"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6686\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=6686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=6686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=6686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}