US Commercial Gaming Revenue Surpasses $5.39 Billion in July 2023
Date: 2023-09-14 Author: Dima Zakharov Categories: SPORTS BETTING, EVENTS
The American Gaming Association (AGA) has just released its latest report on the commercial gaming industry in the United States for July 2023, and the numbers are staggering. The total Gross Gaming Revenue (GGR) for the month reached an impressive $5.39 billion, marking a significant 6% increase compared to the same period last year.
One of the standout performers in this report is the slot machine market, which contributed a substantial $3.13 billion to the total GGR. This represents a 3% growth from the previous year, solidifying its position as the dominant force in the American gambling landscape. Additionally, table games saw an increase of 2% compared to July 2022, with a GGR of $976.3 million, making it the second-largest segment in the US gaming industry.
The real star of the show, though, is sports betting, with a remarkable 28% year-on-year growth. This surge was expected, given the expansion of sports betting into new markets such as Massachusetts and Ohio, both of which have embraced both retail and online sports betting options.
Notably, the iGaming market closely followed sports betting in terms of revenue generation, experiencing a substantial 23% increase and reaching a total of $481.5 million.
When examining individual states, Massachusetts reported a total commercial gaming revenue of $128.8 million, while Ohio recorded $240.7 million. Nevertheless, the state that continues to lead the pack by a significant margin is Nevada, home to the famous Las Vegas Strip. Nevada's commercial gaming revenue for July 2023 reached an impressive $1.4 billion, reflecting a 4% increase year-on-year.
New Jersey also made a strong showing, with $506.2 million in commercial gaming revenue, marking an 11% annual increase and securing its position as the second-largest contributor after Nevada. Pennsylvania closely followed, reporting $470.4 million in revenue, also experiencing an 11% year-on-year growth. The upcoming September/October issue of Gambling Insider magazine will feature in-depth coverage of these two states.
The latest figures from the AGA underscore the robust growth of the US gaming industry, fueled by the increasing popularity of sports betting and iGaming, as well as the enduring appeal of traditional casino games.
One of the standout performers in this report is the slot machine market, which contributed a substantial $3.13 billion to the total GGR. This represents a 3% growth from the previous year, solidifying its position as the dominant force in the American gambling landscape. Additionally, table games saw an increase of 2% compared to July 2022, with a GGR of $976.3 million, making it the second-largest segment in the US gaming industry.
The real star of the show, though, is sports betting, with a remarkable 28% year-on-year growth. This surge was expected, given the expansion of sports betting into new markets such as Massachusetts and Ohio, both of which have embraced both retail and online sports betting options.
Notably, the iGaming market closely followed sports betting in terms of revenue generation, experiencing a substantial 23% increase and reaching a total of $481.5 million.
When examining individual states, Massachusetts reported a total commercial gaming revenue of $128.8 million, while Ohio recorded $240.7 million. Nevertheless, the state that continues to lead the pack by a significant margin is Nevada, home to the famous Las Vegas Strip. Nevada's commercial gaming revenue for July 2023 reached an impressive $1.4 billion, reflecting a 4% increase year-on-year.
New Jersey also made a strong showing, with $506.2 million in commercial gaming revenue, marking an 11% annual increase and securing its position as the second-largest contributor after Nevada. Pennsylvania closely followed, reporting $470.4 million in revenue, also experiencing an 11% year-on-year growth. The upcoming September/October issue of Gambling Insider magazine will feature in-depth coverage of these two states.
The latest figures from the AGA underscore the robust growth of the US gaming industry, fueled by the increasing popularity of sports betting and iGaming, as well as the enduring appeal of traditional casino games.
