US gaming revenue shatters record

2021 set a new record as the highest-grossing year ever for the US commercial gaming industry, reaching $53bn in revenue, according to the American Gaming Association.

The total breaks 2019’s previous industry record of $43.65bn by more than 21 per cent. The industry closed the year on a high note, setting an all-time quarterly revenue record in Q4 2021 of $14.31bn, surpassing the previous high water mark of $13.93bn set in Q3 2021.

“These results are nothing short of remarkable,” said AGA president and CEO Bill Miller. “The success of 2021 reflects our commitment to health and safety and how Americans have welcomed gaming’s expansion across the country.

“Today’s industry is effectively meeting customers how and where they want to engage, whether at a casino or through mobile gaming.”

Of the 34 operational commercial gaming jurisdictions in 2021 – including four new markets – 23 set individual records for full-year commercial gaming revenue.

On a national level, every commercial gaming vertical set new annual revenue records. Traditional brick-and-mortar gaming led the industry’s recovery, with 2021 combined slot and table gaming revenue totaling $44.94bn, a 6.6 per cent increase over 2019’s previous record.

Sports betting’s growth accelerated in 2021, generating $57.22bn in handle and $4.29bn in revenue – jumps of 165 per cent and 177 per cent over 2020 respectively.

The sector’s all-time high was powered by strong demand in established markets like Nevada, New Jersey and Pennsylvania and further boosted by the launch of seven new commercial sports betting markets in Arizona, Connecticut, Louisiana, Maryland, South Dakota, Virginia and Wyoming.

Two new igaming markets, Connecticut and Michigan, also opened in 2021, helping the sector to a record $3.71bn in revenue. Combined sports betting and igaming revenue for the year totaled $8bn, up 158 per cent from 2020 and accounting for a record 15.1 per cent of annual industry gaming revenue.