Commercial gaming revenue has never been higher. To close out 2022, the US casinos eclipsed $60 billion in gross gaming revenue (GGR) for the first time in history.
The data from the American Gaming Association (AGA) also shows Q4 GGR was 10.5% higher than it was in 2021.
US casinos 2022 full-year results
When looking at results from an individual perspective, each vertical (slots, table games, sports betting, online iGaming) saw an increase from the previous year. This most significant jump for 2022 was sports betting, which saw a 72.7% increase from 2021.
Gross gaming revenue from iGaming, which includes online casinos, saw a 35.2% increase proving the jumpstart vertical has legs.
Total results for 2022:
- Total GGR – $60.42 billion
- Slot GGR – $34.19 billion
- Table game GGR – $10 billion
- Sports betting GGR – $7.50 billion
- iGaming GGR – $5.02 billion
In a statement, AGA President and CEO Bill Miller said:
“Our industry significantly outpaced expectations in 2022. Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefitting communities, and taking market share from the predatory, illegal marketplace.”
Miller is right. The $60.42 billion generated in 2022 is a 13.9% year-over-year increase. Furthermore, slot machines continue to be the top earner for US casinos.
The $34.19 million slot revenue was 5.1% higher than in 2021. According to the report: “Total annual US gaming revenue in 2022 will likely exceed $100 billion for the first time. This will be confirmed when tribal gaming revenue is reported by the National Indian Gaming Commission later this year.”
Q4 results are also impressive
As for Q4 results, total gross gaming revenue reached $15.85 billion, an increase of 10.5%. Slot machines and table games saw slight increases compared to Q4 2021.
For comparison, third-quarter results were equally impressive, with the industry generating $15.17 billion in revenue. That total was 2% better than the $14.81 billion collected in Q2.
The big movers in Q4 were sports betting and online gambling. Each vertical reported drastic increases from the same period last year. Sports betting revenue saw a 63.3% increase in Q4, while online gambling revenue jumped 28.2%.
2022 Q4 results:
- Total GGR – $15.85 billion
- Slot GGR – $8.47 billion
- Table game GGR – $2.54 billion
- Sports betting GGR – $2.54 billion
- iGaming GGR – $1.39 billion
As commercial gambling becomes more accessible, these results will most likely increase. Thirty-four states plus the District of Columbia have some form of legal, commercial gaming, whether sports betting, online casinos, or traditional brick-and-mortar properties.