US commercial gaming revenue surges past $15 billion milestone

(PRESS RELEASE) -- U.S. commercial gaming revenue reached an all-time high in the third quarter, topping $15 billion for the first time. Despite macroeconomic pressure and tough year-over-year comparisons, consumer spending on gaming entertainment was resilient, keeping the industry on course for a second consecutive record-breaking year.

Revenue data reported by state regulators and compiled by the AGA shows that nationwide commercial gaming revenue from traditional casino games, sports betting and iGaming reached $15.17 billion in the third quarter, up two percent from the previous record set in the second quarter of this year.

Despite having two fewer weekend days than last year, third quarter gaming revenue accelerated 8.8 percent year-over-year, outpacing the broader U.S. economy’s 2.6 percent growth rate.

Gaming revenue grew year-over-year across all verticals, with slots, table games and sports betting generating all-time quarterly records. Combined revenue from slot machines and table games at casinos was $12.27 billion, or 80.9 percent of total commercial gaming revenue, while sports betting grossed $1.68 billion (11.1% of total) and iGaming $1.21 billion (8.0% of total).

Together, sports betting and iGaming combined for $2.89 billion in quarterly revenue, comprising 19.1 percent of total gaming revenue, up from an 18.1 percent share in Q2 but lower than the 19.7 percent captured in Q1.

After three very strong quarters, 2022 will almost certainly be gaming’s strongest year ever. Year-to-date revenue of $44.38 billion, is 14.7 percent ahead of the same period last year.

Meanwhile, trailing 12 month revenue, covering the past twelve consecutive months from Oct 2021 through Sep 2022, was $58.73 billion. TTM is a measurement that is both current and seasonally adjusted. Gaming revenue over the last 12 consecutive months was up one percent from the preceding TTM period (Sept 2021-Aug 2022).