US commercial gaming revenue hit $14.81 billion (£12.21 billion / €14.39 billion) in the second quarter, setting a new industry record, according to the American Gaming Association (AGA) .
Second quarter gross gaming revenue (GGR) increased 8.8% year-on-year and beat the previous record of 3.3% reported in the fourth quarter of 2021, as documented by AGA’s Commercial Gaming Revenue Tracker. surpassed.
Nearly 22 of the 31 commercial gaming jurisdictions operating in the same period last year saw revenue increases, with 9 of them recording record revenue (Arkansas, Iowa, Maryland, Massachusetts, Nevada, New York, Oklahoma, Oregon, Pennsylvania) record quarter.
Land-based slot machines remain by far the leading source of revenue for operators across the United States, with vertical GGR reaching $8.7 billion, up 0.2% from last year and setting a quarterly record.
The AGA also said the lingering impact of Covid-19 measures on retail table games appears to have subsided, with the vertical jump’s GGR rising 18.2% to reach an all-time high of $2.54 billion. I also mentioned
Sports betting GGR also increased 58.7% year-on-year to $1.42 billion as six more states launched legal sports betting in the last 12 months.
Additionally, GGR from igaming operations across the United States jumped 34.3% to an all-time high of $1.21 billion, slightly above the previous record set in the first quarter of this year. According to AGA, this is the result of six new legal markets opening since the second quarter of last year.
“The second quarter results show a 16-month profit for commercial games,” said Bill Miller, AGA’s president and chief executive officer. “Although year-over-year comparisons have become increasingly difficult, our strength through the first half of 2022 reflects sustained consumer demand for legal options and the record popularity of gaming. I have.”
Looking at the first half, the total GGR of the commercial games market reached $29.16 billion, up 17.8% from last year. AGA says the industry is on track to set a new annual record for his second straight year.
Slots GGR increased 8.7% year-on-year to $16.89bn in the first half, while table games GGR increased 28.9% to $4.91bn. In total, his GGR for traditional casino games was $23.67 billion in the first half, up 11.7% from 2021.
Six-month sports betting GGR increased 63.9% to $3.04 billion, while Igaming’s GGR increased 43.5% to $2.42 billion.
“While we are on pace to set record annual sales, we recognize the continued impact of inflation and labor issues, as well as market concerns over a potential recession,” Miller said. .
“Our members have proven their agility and resilience over the last two years and are well positioned to face these potential headwinds heading into the second half of the year.”
AGA’s second-quarter commercial gaming earnings report comes after the National Indian Gaming Commission revealed record revenue of $39 billion for 2021. Combined with $53 billion in commercial game revenue, 2021 sees him surpass the previous record set in 2019 by 13.0%.
“Tribe Gaming has demonstrated responsible leadership throughout the pandemic and these record results reflect that commitment,” Miller said. , supporting vibrant communities across the country, well beyond the casino floor.”
