US Commercial Gaming Gets $5.29bn in Revenue in October, It Becomes Second-Best Month
According to the American Gaming Association’s Commercial Gaming Revenue Tracker, the commercial gaming industry in the US hit $5.29bn in revenue in October, which is the second-best result after $5.35bn generated in March 2020.
Despite widespread macroeconomic concerns, there was a revenue growth of 11% year-on-year, and October became the 20th month in a row to show the growth on yearly basis.
October has resulted in gaming revenue growth year-on-year across all verticals, and the nationwide revenue from iGaming sector has set an all-time monthly record.
The biggest part of total commercial gaming revenue was generated by casinos’ table games and slot machines (76.2%, $4.03bn), sports betting came the second with $804.7m grossed (15.2%), while iGaming sector brought $453.1m (8.6% of total revenue).
As for the individual market level, among 33 commercial gaming jurisdictions that were operating a year ago, 26 got an increased revenue compared with October 2021 results. However, Arizona has not reported October data.
Monthly gaming win didn’t change in Oklahoma (-0.4%), Ohio (-0.3%), New Jersey (-0.7%), Missouri (-4.7%), Delaware (-3.7%) and Maine (-2.8%).
Reference: AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the financial performance of the US commercial gaming industry.
According to the report, a combined monthly revenue from the iGaming sector generated in West Virginia, Pennsylvania, New Jersey, Michigan, Delaware and Connecticut was $453.1m, which is 27% more than in October last year.
As for sports betting, this year a 10-month period resulted in $73.11bn of annual handle across 24 markets, this is 70% more than it was after the same period in 2021.
In other news, Bragg launches new content and technologies with BetMGM in Michigan.