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US gaming revenue grew nearly 14% between 2021 and 2022, the second consecutive year the industry broke its yearly record.

Commercial gaming revenue, which includes traditional in-person casino games as well as retail and online sportsbooks and iCasino offerings, reached $60.42bn in 2022, a 13.9% increase from 2021, per data released by the American Gaming Association Wednesday. The 2022 totals were a 38.5% increase compared to 2019, the last full year before the onset of the COVID-19 pandemic.

December 2022 was the single highest-grossing month on record, with commercial gaming operators reporting $5.43bn in revenue, a 16.7% year-over-year increase compared to December 2021.

When including revenue from tribal casinos, the overall industry will likely exceed $100bn for the first time, once final 2022 figures are confirmed by the National Indiana Gaming Association’s own reporting later this year.

“Our industry significantly outpaced expectations in 2022,” said AGA President Bill Miller in a statement announcing the results. “Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefitting communities and taking market share from the predatory, illegal marketplace.”

Report highlights

The AGA study found 84m adults, 34% of the adult US population, visited a casino in 2022. This includes the new casinos opened in Virginia and Nebraska lat year.

This figure is up 6% from 2020, during the depths of the pandemic, but still down 10% from the previous all-time high set in 2019.

Table game revenue increased by nearly 14% between 2022 and 2021 while slot games showed a 5.1% growth.

AGA President Bill Miller: “Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefitting communities and taking market share from the predatory, illegal marketplace.”

The US recorded $93.2bn in legal sports betting handle in 2022, a new single-year record bolstered by online sports betting launches in New York, Kansas, Arkansas, Louisiana and Maryland. This generated $7.5bn in sportsbook revenue.

Online casino gaming revenue grew 35.2% year over year to 5bn. Only seven states offer any form of regulated iGaming product and just four states – New Jersey, Pennsylvania, Michigan and West Virginia – have full competitive online casino gaming markets. Connecticut only permits FanDuel and DraftKings iCasino, Delaware has a lone lottery-run iGaming product and Nevada permits real money online poker, but not digital table games or slots.

Additional key stats

Despite the proliferation of online sports betting, in-person gaming has retained the lion’s share of gaming industry revenue. Brick-and-mortar gaming properties accounted for 80.5% of total gaming revenue compared to 19.5% combined for online sportsbooks and iCasinos, according to the AGA.

However, this figure is much higher in states with both land-based and online casino offerings, at 40.7%.

Overall, 29 states set annual revenue records.

The most significant declines can be attributed to Mississippi and South Dakota, two states that saw significant boosts in 2021 as they were among the quickest in the country to drop COVID-19 restrictions. Washington DC, which has no casinos and only offers a lone, lottery-run mobile sportsbook, continues to lose ground to competitive multi-operator markets in neighboring Virginia and Maryland, per the AGA.

The Las Vegas Strip, the nation’s most famous gaming area, remained the highest-grossing of any recorded market by the AGA in 2022. The Strip recorded $8.24bn in revenue last year, a 17% year-over-year increase from 2021. This was the largest jump by any market measured in the AGA report.

Atlantic City maintained the No. 2 spot with nearly $2.8bn in revenue, recording a 8.5% year-over-year increase. The combined market of greater Washington DC and Baltimore moved up to the No. 3 spot with $2.18bn in revenue, followed by the greater Chicago area ($2.14bn) and the Mississippi Gulf Coast ($1.6bn).

The New York City market was No. 6 by total revenue in 2021 with nearly $1.5bn in revenue. Three full-scale, “Las Vegas-style” casino gaming licenses are set to be awarded later this year, setting the region up to be among the nation’s top-five highest grossing in 2024.

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