In 2023, industrial gaming income surged to a historic excessive of $66.5 billion, as revealed by the American Gaming Affiliation’s (AGA) Business Gaming Income Tracker, marking a notable 10% enhance from the earlier yr’s $60.5 billion and solidifying the business’s third consecutive yr of progress.
Quarterly earnings for This fall 2023 peaked at $17.4 billion, with December rising as essentially the most profitable month, raking in $6.2 billion.
AGA President and CEO, Invoice Miller, emphasised:
The urge for food for gaming amongst American adults has reached unprecedented ranges, spanning from conventional on line casino ventures to on-line platforms. Sustaining this upward trajectory necessitates collaborative efforts throughout the business to fight illicit operators whereas fostering accountable playing practices alongside the authorized market’s growth—a dedication the AGA will proceed to champion all through 2024.
On-line gaming notably contributed practically 1 / 4 (24.7%) to industrial gaming income in 2023. In the meantime, brick-and-mortar institutions that includes on line casino slots and desk video games amassed $49.4 billion, marking a 3.3% enhance from 2022, with 19 out of 27 conventional gaming markets experiencing record-breaking annual income.
The sports activities betting scene noticed a deal with of $119.8 billion and income of $10.9 billion, reflecting respective will increase of 27.8% and 44.5%. This progress was fueled by the maturation of present markets and the emergence of latest ones. Moreover, igaming income witnessed a sturdy 22.9% year-over-year progress, amounting to $6.2 billion throughout six states.
In 2023, 12 of the highest 20 industrial on line casino gaming markets reported income progress in comparison with the earlier yr. Notably, the Las Vegas Strip led the cost with important good points, whereas New Jersey maintained its place because the second-highest grossing market. Chicagoland surpassed the Baltimore-Washington, D.C. market to say the third spot, with the Mississippi Gulf Coast rating fifth.
