US Gaming Industry’s Q2 2023 Performance Overview

Online growth drives US gaming revenue to record $16.1bn.

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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

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