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Reports & Data

36th consecutive month of annual growth for the commercial gaming industry, AGA reports

Friday 12 de April 2024 / 12:00

AGA

2 minutos de lectura

(Washington).- AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the U.S. commercial gaming industry’s financial performance based on state revenue reports. This issue highlights results for the full calendar year 2023, as well as the fourth quarter.

36th consecutive month of annual growth for the commercial gaming industry, AGA reports

Commercial gaming industry revenue expanded nine percent in February compared to the previous year, the 36th consecutive month of annual growth. State regulator data compiled by the AGA shows that gaming industry win from traditional casino games, sports betting, and iGaming was $5.61 billion – a new record for the month of February.

Through the first two months of 2024, commercial gaming revenue totaled $11.46 billion, 6.8 percent ahead of last year’s record pace.

In total, 28 of 34 commercial gaming jurisdictions that were operational a year ago and had published full February data at the time of writing saw combined revenue from traditional casino games, sports betting and iGaming expand from the previous year. Sports betting revenue was not yet available for Arizona and Kentucky at the time of writing.

After contracting 5.9 percent in January, revenue from land-based gaming revenue rebounded in February, driven by strong table game performance. Combined revenue from casino slots, table games and retail sports betting reached $4.16 billion, a 3.7 percent increase from the previous year.

Revenue momentum for online gaming—encompassing online sports betting and iGaming—decelerated somewhat from 34.6 percent in January to 27.5 percent in February, largely due to a slower pace of sports betting revenue growth.

While the more mature traditional casino slot machine and table game segments continue to see slower growth than digital offerings, they remain the dominant revenue drivers for the commercial gaming industry. In February, these segments collectively generated $4.13 billion in total revenue, a year-over-year increase of 4.0 percent. Specifically, slot machines produced $2.91 billion in revenue, up 1.8 percent, while table game revenue jumped 12.8 percent to $916.2 million.

Note that the individual slot and table game figures exclude data from Louisiana and Michigan due to differences in state reporting, but their combined figures contribute to the nationwide total.

At the state level, 20 out of the 27 states offering traditional casino slot machines and/or table games posted gains compared to February 2023, with a median increase of 1.8 percent.

Through February, year-to-date revenue from casino slot machines and table games trails the same period in 2023 by -1.0 percent at $7.88 billion. At the state level, 21 out of 27 commercial gaming states offering these gaming options in 2023 posted year-to-date slot/table revenue declines through February.

In February, commercial sportsbooks generated $827.0 million in revenue across 31 jurisdictions that had published full February data at the time of writing. This marks an increase of 22.3 percent from February 2023 when commercial sports betting markets were active in 30 jurisdictions.

For the month, Americans wagered $10.49 billion on sports, up 24.8 percent year-over-year.

Year-to-date commercial sports betting revenue was $2.31 billion, exceeding the same period in the previous year by 32.1 percent. The national hold rate was 7.9 percent, unchanged from February 2023.

In January, the U.S. iGaming sector marked a new single-month revenue record as combined operations in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia generated $648.0 million, up 30.9 percent year-over-year. All six iGaming markets saw gains compared to the previous year and three – Delaware ($3.9M) Michigan ($188.0M) and Pennsylvania ($215.3M) – reported monthly revenue records.

Year-to-date iGaming revenue stands at $1.26 billion, an increase of 25.7 percent compared to the same period in 2023.

About the Report

Categoría:Reports & Data

Tags: Sin tags

País: United States

Región: North America

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

EGT & EGT Digital impressed at GAT Expo 2024 showcasing their innovative iGaming solutions

(Cartagena de Indias, SoloAzar Exclusive).- Ms. Silviya Marinova, Director of EGT Colombia, granted an interview to SoloAzar about the performance of the firm at the latest edition of GAT Expo Cartagena. She spoke about the highlights of the tradeshow, the latest innovations showcased including the Phoenix slot cabinet and the all-in-one betting platform X-Nave. She also remarked the importance of their presence in the iGaming Colombian market.

Wednesday 22 May 2024 / 12:00

Casino Garage: committed to sustainability

(Cartagena de Indias, Exclusive SoloAzar) - Meet Ester Tarres, the visionary behind Casino Garage, a world leader in refurbishing second-hand slot machines since its creation in 2006. With a team of professionals, Casino Garage has become synonymous with excellence. In this article, Ester tells us about her presence at the GAT Expo, held from 9 to 11 April.

Tuesday 07 May 2024 / 12:00

Responsible Gaming, Regulation and Certification in Latin America and the Caribbean

(Cartagena de Indias, Exclusive SoloAzar). - Karen Sierra-Hughes, Vice President for Latin America, the Caribbean and Spain at GLI (Gaming Laboratories International), led the GLI Corporate Conference: Technology and Sustainable Gaming. With her extensive experience as a gaming regulatory consultant in the region, Karen offered key perspectives on how technology can drive sustainability in the gaming industry.

Tuesday 07 May 2024 / 12:00

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