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The latest revenue report from the American Gaming Association (AGA) points to a lucrative May for US commercial gaming.
May also marked the 27th consecutive month of annual national growth, headlined by $5.49 billion in revenue, up 6.4% compared to May 2022.
Furthermore, individual state markets continue to bounce back from past COVID concerns. Of the 33 commercial gaming states that were operational one year ago, 24 posted year-over-year revenue growth in May.
US casino industry up 22.4% compared to this time last year
For May, the AGA revenue tracker shows three out of four gaming verticals experienced monthly growth. The one exception is table game revenue which declined -4.8% in May to $834.3 million.
May 2023 GGR Per Gaming Verticle:
- Slot machine GGR: $2.98 billion
- Table game GGR: $834.3 million
- Sports betting GGR: $864.1 million
- Online casino GGR: $498.4 million
- Total GGR: $5.49 billion
Legal, regulated sports betting, which is available in 28 states, continues its upward trend hitting $864 million in revenue, up 41.5% from May 2022. Revenue numbers could further increase, considering Arizona has yet to report its sports betting figures.
Another standout is the online casino market. Combined revenue from six states grew 22.4% year-over-year in May. The result is $498.4 million in revenue, up 22.4% compared to the same period last year.
Five months into 2023 and sports betting continues to climb
Through the first five months of 2023, commercial gaming revenue has grown 12.4%, reaching $27.59 billion. However, land-based casino gaming declined slightly (-0.6%) compared to the previous year.
The most notable continues to be US sports betting, which leads the way with 64.9% growth through the first five months.
YTD GGR Per Vertical:
- Slot machine GGR: $14.80 billion – up 1.3%
- Table game GGR: $4.11 billion – up 1.9%
- Sports betting GGR: $4.58 billion – up 64.9%
- Online casino GGR: $2.48 billion – up 22.3%
- Total GGR: $27.59 billion – up 12.4%
Sports betting revenue was aided by the addition of a few key states in 2023. Ohio sports betting launched on Jan. 1, while Massachusetts sports betting went live on Jan. 31 (retail betting).
During its first month of operations, Ohio reported $208.9 million, setting the record for the single best sports betting month in the US.
