The US commercial gaming industry continues its impressive streak, with February marking the sixth consecutive month where it generated over $5 billion in revenue. According to the American Gaming Association’s (AGA) Commercial Gaming Tracker, the industry recorded $5.08 billion in revenue. While this figure represents a 13.5% increase compared to February 2022, it is a slight dip from January’s robust $5.5 billion. Nevertheless, this achievement signifies 24 consecutive months of year-over-year growth for the industry.
Broad-Based Growth
In February, 29 out of the 33 commercial gaming states that were operational a year ago posted year-over-year revenue growth. The continued expansion of the industry highlights its resilience and enduring appeal.
Sports Betting Surges Ahead
Sports betting emerged as the fastest-growing vertical, experiencing an impressive 60.8% annual growth. Total gross gaming revenue (GGR) from sports betting reached $635.1 million, reflecting the increasing popularity of this form of wagering among consumers.
Slot Games Remain a Dominant Force
Slot games maintained their position as a dominant revenue generator within the industry. These games generated nearly $2.9 billion in revenue, constituting over half of the total GGR. This segment also experienced notable growth, with an 8.4% increase compared to the previous year.
Table Games Show Strong Performance
Table games also demonstrated robust performance, registering $812.2 million in revenue, reflecting a commendable 9.1% year-over-year growth. This segment stands as the second-highest generator of revenue within the industry.
iGaming’s Growing Presence
The realm of online gaming (iGaming) continued to make its presence felt, with operations in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia collectively recording $465 million in revenue for February. This impressive figure signifies a substantial 20.6% increase compared to the same period in 2022, underlining the growing popularity of iGaming as a convenient and engaging form of entertainment.
The US commercial gaming industry’s consistent revenue performance is a testament to its resilience and enduring appeal. While slight fluctuations are part of the industry’s dynamics, the overall trajectory remains positive. The rapid growth of sports betting, coupled with the continued dominance of slot and table games, paints a picture of a vibrant and dynamic sector. Additionally, the expanding presence of iGaming further diversifies the industry’s revenue streams, promising continued growth and innovation in the months and years to come.