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AGA commercial revenue tracker hits $16.5bn record

News

The American Gaming Association’s (AGA) commercial gaming tracker reached a new quarterly record of $16.47bn in the first quarter of the year.

This was up by 14.6% year-on-year.

March saw the highest ever grossing month revenue-wise, hitting $5.90bn.

AGA president and CEO Bill Miller said that the quarter represented the strength of the American gaming sector, and its recovery from the Covid-19 pandemic.

“After two full years of successive growth post-Covid, the US gaming industry has never been stronger,” said Miller. “With records 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.”

The quarter saw new records set in 18 of 35 commercial gaming markets, including Connecticut, Florida and Virginia.

Records were also set in all three of AGA’s tracked sectors. Land-based gaming generated revenue of $12.30bn during the period, which surpassed the previous record of $12.26bn in Q3 2022.

A total of $31.11bn was wagered on sports, resulting in revenue of $2.79bn for the quarter. AGA said this growth was largely due to new market launches in Kansas, Massachusetts and Ohio, and the introduction of mobile sports betting in Maryland.

For online gaming, revenue was $1.48bn, an increase of 22.7% year-on-year.