US commercial gaming revenue hit a new quarterly record in the first three months of 2023. The American Gaming Association (AGA) reported on Tuesday that the total for the first quarter was $16.6bn, surpassing the $15.9bn total in Q4 2022. It marks the sector’s eighth consecutive record-breaking quarter. One of the highlights of the most recent period was a $5.9bn total in March, which was the industry’s highest-ever grossing month.
AGA CEO and president Bill Miller acknowledged the tremendous recovery since pandemic-related struggles. Talking about the strength of the sector, he said: “With records across every gaming vertical—from brick-and-mortar casinos to mobile gaming—American adults continue to choose gaming as one of their top entertainment options.”
record sports betting handle of $31bn
Of the 35 commercial gaming markets in the US, 18 of them set new revenue records in the first quarter. Online gaming had its largest-ever share of the intake, accounting for almost 25% of the $16.6bn total. Record sports betting handle of $31bn was hit during the period, with revenue for the sector reaching $2.8bn. iGaming revenue was up nearly 23% year-on-year at $1.5bn.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Data Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Buy and Sell Shares in PRE-IPO Companies with PREIPO®. Access Here.
- Source: https://www.vegasslotsonline.com/news/2023/05/16/us-commercial-gaming-revenue-hits-all-time-quarterly-high-of-16bn-in-q1/
- 2022
- 2023
- a
- About
- Accounting
- acknowledged
- across
- AGA
- American
- american gaming association
- and
- as
- Association
- At
- Betting
- Bill
- bill miller
- Casinos
- ceo
- choose
- commercial
- Commercial Gaming
- consecutive
- continue
- During
- Entertainment
- Every
- First
- For
- Gaming
- had
- handle
- he
- highlights
- HIT
- HTTPS
- iGaming
- in
- industry’s
- IT
- ITS
- jpg
- March
- Markets
- Mobile
- Month
- months
- most
- nearly
- New
- of
- on
- One
- online
- Online Gaming
- Options
- period
- plato
- plato data intelligence
- platodata
- platogaming
- president
- quarter
- reaching
- recent
- record
- record-breaking
- records
- recovery
- reported
- revenue
- Said
- Sector
- set
- Share
- since
- Sports
- Sports Betting
- strength
- talking
- that
- The
- their
- Them
- three
- to
- top
- total
- tremendous
- up
- us
- was
- with
- zephyrnet