US commercial gaming is off to its fastest start ever in a year, with Q1 2022 industry revenue nearly breaking the all-time quarterly record of $14.35bn, according to the AGA’s Commercial Gaming Revenue Tracker.
Total commercial gaming revenue for Q1 2022 increased nearly 29 per cent year-over-year and nearly every (32 of 34) commercial gaming jurisdiction surpassed Q1 revenue from last year.
Sports betting and igaming continued to see tremendous expansion, with both verticals setting all-time quarterly records on the back of new state launches and sizeable growth in existing markets.
March was the highest-grossing revenue month in industry history and among the top three months ever for each gaming vertical: land-based casino gaming, sports betting and igaming.
Commercial gaming revenue is still up considerably in year-over-year comparisons, despite Q1 2021 marking the first period in which the industry saw most major Covid-19 restrictions lifted across the country. This points to sustained market growth for the industry beyond a bounce back from the pandemic.
“Consumers continue to seek out gaming’s entertainment options in record numbers. Q1’s strong results build on the industry’s record year in 2021 despite continued headwinds from supply chain constraints, labour shortages, and the impact of soaring inflation,” AGA president and CEO Bill Miller commented.