The American Gaming Association (AGA) has reported robust growth in commercial gaming revenue in the United States for July. According to the AGA’s commercial revenue tracker, the industry experienced a 5.9 percent year-on-year increase, with significant contributions from traditional casino games, sports betting, and iGaming. This surge in revenue signals a thriving gaming landscape in the US.
Record-Breaking July:
July witnessed a historic high in revenue for traditional casino games, with total revenue reaching $4.4 billion. Slot machines played a pivotal role, generating $3.13 billion, marking a 3.2 percent increase compared to July 2022. Table games also contributed significantly, with gross gaming revenue (GGR) rising by 1.7 percent to $976.3 million.
Thriving Casino Sector:
Combined revenue from both casino slot machines and table games reached $28.97 billion, reflecting a robust 3.6 percent year-over-year growth. Remarkably, 21 out of 26 commercial gaming states with land-based casinos reported year-over-year revenue growth. Florida, Iowa, Mississippi, Indiana, and Louisiana were the only states that experienced declines.
Surging Sports Betting and iGaming:
Sports betting continued its upward trajectory, generating $497.7 million, marking an impressive 28.4 percent increase compared to July 2022. Simultaneously, iGaming flourished, raking in $481.5 million, demonstrating remarkable growth of 22.7 percent year-on-year. Although iGaming revenue was 9.9 percent below the monthly record set in March 2023, it still marked the fourth consecutive month of substantial earnings. Year-to-date, online casino revenue reached $3.45 billion, showcasing a remarkable surge of 22.6 percent year-on-year.
Responsible Gaming Education Month (RGEM):
As the industry continues to thrive, the AGA is gearing up to celebrate its 25th Responsible Gaming Education Month (RGEM) in September. The AGA emphasizes the importance of responsible gaming engagement and resources. Notably, 84 percent of past-year gamblers are aware of at least one responsible gaming resource, with an even higher percentage among sports bettors, at 91 percent.
The US commercial gaming industry’s impressive performance in July, marked by record-breaking traditional casino revenue, surging sports betting, and robust iGaming growth, underscores its resilience and appeal. As the AGA prepares to celebrate Responsible Gaming Education Month, it highlights the industry’s commitment to responsible gaming practices amidst its continued expansion and success.