US Commercial Casino Revenue Tops $16B in 2Q, Industry Tracking for Banner Year
The wellness of the US commercial message gambling casino manufacture has ne'er enjoyed more vigor, as gaming revenue continues to extend to new highs.
The American Gaming Association (AGA) today released numbers for the arcsecond canton that revealed the industry is operating at register levels. Gross gaming revenue (GGR) totaled $16.07 billion, an all-time luxuriously for any Apr through June inward the account of the commercial message gaming industry.
The back billet of 2023 was also the commercial-grade gambling casino industry’s second-best quarter ever, with only when the first of all canton of 2023 generating more revenue at $16.6 billion. Through sextuplet months, GGR stands at $32.71 billion, which is almost 12% beforehand of where the market stood during the same stop finally year.
2022 was a tape take the field for the commercial gaming industry, as casinos won $60.4 billion sour gamblers. 2023 is tracking to live another streamer year. It would score the industry’s third year inwards a row where GGR bang young heights.
While commercial gaming is on caterpillar tread for an unprecedented tertiary sequential twelvemonth of book revenue, the lasting impact we’re making on our communities through and through this track record maturation is still more impressive,” said AGA President and CEO Bill Miller. “These results are a unmortgaged indication that our post-pandemic retrieval wasn’t a fluke: the gaming sphere continues to thrive, and when we make out well, our communities do well.”
The AGA’s Commercial Gaming Revenue Tracker keeps tabs on commercial gaming operations in the 34 states plus the District of Columbia River where such gaming is sound inwards some form. The tracker includes revenue from commercial brick-and-mortar and online operations. The write up does non include drawing revenue or gaming revenue from tribal-owned casinos.
Slots Still King
Legacy gaming, or retail slot machines and tabularise games, proceed to bring forth the volume of the GGR inwards commercial gaming.
The AGA said one-armed bandit win — sometimes referred to as “hold” — totaled $8.89 one thousand million during the three-month period. That pronounced a 2.2% year-over-year gain. Table games added $2.46 billion, representing a 2.1% slump from the secondly billet of 2022.
Oddsmakers fared significantly improve inwards the second quarter of 2023 than inward 2022. Books generated GGR of $2.3 one thousand million — a 57% upsurge from the previous year.
iGaming — interactive slots and table games — added $1.48 billion. Online cassino revenue jumped 22.5%, as the net platforms in the six states where such gaming is permitted persist in to appeal young players and growth revenue.
Nevada topped the commercial-grade marketplace with arcsecond billet GGR of about $3.7 billion. Pennsylvania was sec at $1.42 one million million and New Jersey was 3rd at $1.39 billion.
Community Benefits
Miller’s references to making an impact on communities where commercial casinos control primarily business deal with the taxation benefits that gaming generates.
The AGA estimates that commercial-grade casinos paid nearly $7.3 billion inwards direct gaming taxes to body politic and local governments through and through the world-class half-dozen months of 2023. But for the industry’s ongoing success, Alton Glenn Miller believes more must be through with(p) to infiltrate the illegal market.
“To keep this momentum, the AGA testament go along enlisting more allies in our fighting against the illegal market, bolstering responsible gaming, and edifice a concern environment that allows our innovative industry to convey world-class entertainment to adults crosswise America,” Glenn Miller concluded.
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