thereThe commercial gaming industry in the United States hA maintained its momentum in October with revenues of $5.29 billion, up 10.5 percent year-over-year, and marking 20 consecutive months of growth. October was the second-highest-grossing month ever in the industry, surpassed only by March 2022 ($5.35 billion).
This is what emerged from recent surveys of The American Gaming Association (Aga) Commercial Game Revenue Tracker, which tracks financial performance data nationwide with analysis of individual gaming sectors.
annual progress – As 2022 draws to a close, the gaming industry remains on track for another record-breaking year. In the first 10 months, commercial gaming revenue totaled $49.85 billion, up 14.7 percent from the same 10-month period in 2021.
Gaming revenue grew year-over-year across all segments in October, with online revenue nationwide hitting an all-time monthly record. Revenue from slot machines and table games in casinos totaled $4.03 billion, or 76.2 percent of all commercial gaming revenue, while sports betting totaled $804.7 million (15.2 percent of the total) and iGaming 453.1 million (8.6 percent of the total). ).
Sports betting and iGaming together generated $1.26 billion in revenue in October, making up nearly a quarter (23.8 percent) of all gaming revenue. Largely driven by a busy sports calendar, September and October saw the largest percentage of commercial gaming revenue come from these emerging sectors since the peak of pandemic-induced casino closures in 2020.
The past twelve months – Meanwhile, revenue for the past 12 months, which covers the last 12 consecutive months from November 2021 to October 2022, was $59.42 billion. And that revenue increased by approximately 1 percent compared to the previous quarter, that is, from the previous period (October 2021 – September 2022), which reflects the continued expansion of the industry.
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