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American Gaming Association (AGA)

2022 Commercial Gaming Revenue Tops $60B, Breaking Annual Record for Second Consecutive Year

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1 year ago

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U.S. commercial gaming revenue reached an annual record of $60.4 billion in 2022, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. This marks the first $60 billion year for the commercial gaming sector, passing the previous record of $53.0 billion set in 2021.

The year was punctuated by all-time high quarterly commercial gaming revenue of nearly $15.9 billion in Q4 2022. Sports betting and iGaming both marked single quarter highs, while traditional gaming grew 1.7 percent year-over-year.

“Our industry significantly outpaced expectations in 2022,” said AGA President and CEO Bill Miller. “Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefitting communities, and taking market share from the predatory, illegal marketplace.”

The industry continues to diversify offerings, with retail gaming accounting for 80.5 percent of total revenue and online gaming making up the remaining 19.5 percent—marking a new high. Looking at each sector:

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  • Traditional Gaming: 84 million American adults, or 34 percent of the adult population, visited a casino in the past year—including new markets in Nebraska and Virginia. Table game revenue experienced a strong boost in demand, up 13.9 percent year-over-year, while slot machines showed steady 5.1 percent annual growth.
  • Legal Sports Betting: In 2022, the continued growth of the legal market drove new records for handle ($93.2B) and sportsbook revenue ($7.5B). This growth was fueled in part by Kansas, which operationalized both retail and mobile sports wagering, and the launch of mobile sports betting in Louisiana, Maryland and New York.
  • iGaming: Online casino revenue grew 35.2 percent year-over-year to $5.0 billion in the limited number of legal iGaming states.

In 2022, the Las Vegas Strip and Atlantic City retained their top commercial market positions. The Baltimore-Washington, D.C. market reclaimed its position as the nation’s third largest gaming market, besting Chicagoland (fourth) and the Mississippi Gulf Coast (fifth) which round out the top five.

“Even as we navigate macroeconomic headwinds, I am optimistic about the year ahead,” continued Miller. “To carry our momentum into 2023, the AGA remains focused on combating the illegal market, doubling down on responsibility, and creating favorable policy and regulatory conditions that enable our industry’s sustained success.”

Miller will make additional remarks on full-year 2022 commercial gaming revenue figures and preview AGA’s priorities for the year ahead in AGA’s annual State of the Industry webinar on Feb. 15 at 11:30 AM ET/8:30 AM PT.

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American Gaming Association (AGA)

Gaming Industry Delivers $329 Billion Annual Economic Impact to U.S. Economy, New AGA Study Finds

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6 months ago

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October 10, 2023

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The American Gaming Association (AGA) today released a new study quantifying the expansive annual impact the casino gaming industry has on the U.S. economy. Conducted by Oxford economics, findings show the U.S. commercial and tribal gaming industry:

  • Contributes $328.6 billion to the U.S. economy.
  • Supports 1.8 million jobs and $104 billion of wages and salaries across the country.
  • Generates $52.7 billion in tax revenue to federal, state and local governments.

“The U.S. gaming industry delivers long-term growth and impact to communities, generating significant tax revenue, creating strong jobs, supporting local small businesses, and funding critical community priorities,” said AGA President and CEO Bill Miller during State of the Industry remarks at G2E 2023.

According to the report, America’s gaming industry directly employs more than 700,000 people in the U.S. Put in context with the broader U.S. economy:

  • Gaming provides more direct jobs than the air transportation, postal service or motion picture and video sectors.
  • Direct casino employment accounts for 1 in 33 leisure and hospitality jobs.

The $53 billion in taxes generated by the gaming industry provides critical funding for local public programs and services, including education, infrastructure and economic development, as well as supplemental revenue for state general funds.

Recent, related AGA research shows the economic benefits generated by gaming are widely recognized by Americans, with a record 71 percent of adults saying the casino gaming industry has a positive impact on the U.S. economy.

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American Gaming Association (AGA)

SportsGrid Joins AGA’s Have A Game Plan.® Bet Responsibly.™ Public Service Campaign

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11 months ago

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May 24, 2023

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The SportsGrid Network and the American Gaming Association (AGA) are partnering to promote responsible sports betting through AGA’s Have A Game Plan.® Bet Responsibly. public service campaign.

Through the partnership, SportsGrid will promote Have A Game Plan via its multimedia content platform, including live programming and its website and app.

“The AGA’s Have A Game Plan campaign sets important standards for the industry to embrace, and SportsGrid is pleased to join the initiative,” said SportsGrid Chief Operating Officer Adam Kaplan. “SportsGrid’s management is committed to supporting Have A Game Plan across the marketing and advertising of sports wagering on the company’s multimedia platform.”

Launched in 2019, Have A Game Plan brings the broader sports betting ecosystem together around a common consumer education message, focusing on the four principles of responsible wagering for those who choose to bet:

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  • Set a budget and stick to it.
  • Keep it social—sports betting is a form of entertainment for adults.
  • Know the odds.
  • Play with legal, regulated operators.

“Media companies are one of the most important players in effectively educating consumers on responsible wagering, and we’re grateful to SportsGrid for bringing Have A Game Plan to their broad audience of sports fans and bettors,” said AGA Senior Vice President Casey Clark. “As sports betting is increasingly discussed across media, it’s critical for stakeholders like SportsGrid to continue to lead the way on elevating responsible gaming.”

Additional campaign partners include Bally’s Corporation, Barstool Sportsbook, BetMGM, betPARX, DraftKings, Delaware North, Entain, FanDuel, Gaming Society, Global Payments, Major League Baseball, MGM Resorts International, MSG Network, Monumental Sports and Entertainment, NASCAR, NESN, New York Knicks, New York Jets, NBA, New York Rangers, NHL, Nuvei, Parx Casino, PENN Entertainment, PGA TOUR, Rush Street Interactive, SeventySix Capital, Sightline Payments, Sinclair Broadcast Group, USFL, U.S. Integrity, Vegas Golden Knights, VSiN, Washington Commanders and WNBA.

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American Gaming Association (AGA)

AGA to Host State of the Industry Presentation, Release Report on Record-Breaking 2022 Commercial Gaming Revenue

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1 year ago

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February 3, 2023

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The American Gaming Association (AGA) will hold its annual State of the Industry presentation with AGA President and CEO Bill Miller on Wednesday, February 15 at 11:30 AM ET/8:30 AM PT.

During the presentation, the AGA will release full-year 2022 commercial gaming revenue numbers, discuss gaming’s second consecutive record-setting revenue year, provide analysis on the current gaming landscape, and preview AGA priorities for 2023.

Media are invited to a press call immediately following the presentation for Q&A.

What: AGA State of the Industry: Gaming’s Look Ahead & 2022 Commercial Gaming Revenue Tracker Release

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Who: AGA President and CEO Bill Miller and Vice President, Research David Forman

When: Wednesday, February 15, 2023 at 11:30 AM ET/8:30 AM PT

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