US on track for ‘unprecedented’ gaming revenue after Q2 impact

American Gaming Association President and CEO Bill Miller says that commercial gaming in the US is on track for an “unprecedented third consecutive year of record revenue.”

The AGA’s latest Commercial Gaming Revenue Tracker figures for Q2 2023 show that revenue hit a Q2 record of US$16.07bn, an 8.1 per cent increase year-on-year and the 10th consecutive quarter of annual growth for the US industry.

Together with Q1 this year, H1 2023 was the commercial gaming industry’s “strongest half ever,” the AGA said. Indeed, the $32.71bn in revenue across the first six months of the year is 11.9 per cent ahead of last year’s progress.

Land-based gaming still accounts for more than 75 per cent of total commercial revenue, the AGA said, but it added that revenue from online gaming rose 43.1 per cent year-on-year to $3.68bn amid Ohio, Massachusetts, Maryland and Kansas opening up to sports betting since Q2 last year.

In any case, combined retail and online sports betting revenue hit a second-quarter record of $2.3bn, up over 50 per cent from Q2 2022.

Miller said: “These results are a clear indication that our post-pandemic recovery wasn’t a fluke: the gaming sector continues to thrive, and when we do well, our communities do well.

“To sustain this momentum, the AGA will continue enlisting more allies in our fight against the illegal market, bolstering responsible gaming, and building a business environment that allows our innovative industry to bring world-class entertainment to adults across America.”