Online growth drives US gaming revenue to record $16.1bn.
US Gaming Industry’s Q2 2023 Performance Overview
The US commercial gambling revenue reached a Q2 record of $16.07 billion, marking the 10th consecutive quarter of growth. This represents an 8.1% increase from the total US gaming revenue recorded in Q2 2022. The industry generated $32.71 billion in commercial gaming revenue for the six-month period, up 11.9% from last year.
The American Gaming Association (AGA) estimates that these results led to $7.28 billion in gaming tax revenue for state and local governments, a 12.9% increase from 2022. The AGA also highlighted that the industry is on track to contribute the highest total in tax revenue it has done in its history.
While land-based gaming continued to account for over three-quarters of the total commercial revenue during the period, the growth compared to the previous year was driven largely by growth in the online sports betting and USA online casinos segments.
Q2 revenue from land-based slots, table games, and retail sports betting stood at $12.38 billion, up 0.9% from 2022. In contrast, the online gaming segment reported a significant growth of 43.1%, rising to $3.68 billion.
The expansion of regulated online gambling to new states, including Kansas, Maryland, Massachusetts, and Ohio, principally drove this increase. Combined online and land-based sports betting revenue ran to $2.3 billion in Q2 2023, representing a 56.6% year-on-year increase.
Rhonda Grace is a seasoned online casino expert with a profound passion for the dynamic world of virtual gambling. With over a decade of hands-on experience in the industry, Rhonda has cultivated an exceptional understanding of casino operations, game mechanics, and player behavior. Her journey began as a fervent player, evolving into a strategic thinker who deciphered the nuances of odds and probabilities. Through meticulous research and an analytical approach, she has developed comprehensive insights into diverse casino games, from classic card games to cutting-edge virtual slots. Rhonda's expertise extends beyond games themselves; she also possesses a keen awareness of online security, responsible gaming practices, and emerging trends in the ever-evolving landscape of digital casinos. A sought-after advisor, writer, and speaker, Rhonda Grace continues to contribute significantly to the realm of online casinos by guiding both novices and seasoned players toward informed decisions for an enriched and enjoyable gaming experience.
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