The American Gaming Association (AGA) has released its Q1 2023 report as part of its Commercial Gaming Revenue Tracker. According to AGA’s findings, the US commercial gaming revenue reached a quarterly record of $16.60 billion in Q1 2023.
It’s the industry’s eighth consecutive record-breaking quarter, including March grossing $5.9 billion.
AGA also issued a State of the States report for 2022 showing a record $13.48 billion in commercial industry tax contributions.
Bill Miller, AGA President and CEO said in a press release:
“After two full years of successive growth post-Covid, the US gaming industry has never been stronger. 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.”
US commercial gaming revenue tracker highlights
Out of 35 commercial gaming markets, 18 set new revenue records for the quarter. Mississippi was the only market trailing its quarterly revenue from Q1 2022.
Every commercial gaming vertical showed quarterly revenue records during the first three months of 2023. Retail gaming accounted for 75.3% of total revenue, whereas US online gambling represented its largest share so far, 24.7%. To be even more specific:
- Traditional gaming across brick-and-mortar casinos generated quarterly revenue of $12.30 billion, topping the previous record of $12.26 billion in Q3 2022.
- Through legal sports betting, Americans gambled a record $31.11 billion on sports in Q1 2023, producing an all-time high of $2.79 billion in quarterly revenue with a 70.1% year-over-year increase. Compared to Q1 2022, the growth was largely driven by new market launches in
- Online gambling made $1.48 billion in Q1 2023, marking a 22.7% year-over-year revenue increase.
$13.48 billion gaming tax revenue is a 15.3% yearly increase
AGA’s State of the States report provides the definitive state-by-state economic and regulatory analysis of US commercial gaming in 2022 for:
- Gaming stakeholders
- Industry observers
As mentioned, the report disclosed that commercial gaming generated a record $13.48 billion in direct gaming tax revenue. The amount paid to state and local governments in 2022 represents a 15.3% yearly increase from 2021. But it does not include the money paid in income, sales or other taxes.
According to AGA’s press release issued this morning, Miller added: “As one of the biggest taxpayers in states across the country, we know that when gaming is successful, so are our communities.
Beyond our significant tax contributions, our industry is ingrained in local communities, bolstering economic development through job creation, supporting local charities and nonprofits, and setting the standard on corporate responsibility.”