AGA
Commercial Gaming Off to Fastest Start Ever, Q1 Revenue Tops $14 Billion
Nationwide commercial gaming revenue totaled $14.31 billion in Q1 2022, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. This sets a new Q1 record and nearly matches the all-time quarterly record, which was just set in Q4 2021 ($14.35B).
The strong start to the year was punctuated by March’s revenue performance of $5.31 billion. The month marked the highest-grossing revenue month in industry history.
“Consumers continue to seek out gaming’s entertainment options in record numbers,” said AGA President and CEO Bill Miller. “Q1’s strong results build on the industry’s record year in 2021 despite continued headwinds from supply chain constraints, labor shortages, and the impact of soaring inflation.”
The AGA also released today the annual State of the States report, which details the remarkable industry recovery throughout 2021.
Commercial Gaming Revenue Tracker
Total commercial gaming revenue for Q1 2022 increased nearly 29 percent year-over-year. Nearly every (32 of 34) commercial gaming jurisdiction surpassed Q1 revenue from last year and three set quarterly records: Arkansas ($147.4M), Florida ($182.0M) and New York ($996.6M).
Sports betting and iGaming continued to experience tremendous growth, with both verticals setting all-time quarterly records, while land-based gaming showed quarterly growth amidst a traditional seasonal slowdown.
“Four years post-PASPA, legal sports betting’s success is proving what we’ve known all along: American consumers are eager to wager within the protections of the regulated market,” Miller added. “It also reinforces the need to stamp out offshore, illegal operators who prey on vulnerable customers.”
State of the States 2022
AGA’s newly released State of the States report explores the industry’s remarkable bounce back in 2021. Highlights from this year’s report, which serves as the definitive economic and regulatory analysis of U.S. commercial gaming by state, include:
- 2021 set a new annual record for commercial gaming, reaching $53.03 billion—a 21.5 percent increase from the previous high in 2019.
- Commercial gaming operations generated a record $11.69 billion in direct gaming tax revenue paid to state and local governments—up 75 percent from 2020 and 15 percent from 2019. This does not include the billions more paid in income, sales or other taxes.
- The top 10 commercial gaming markets for 2021: (1) Las Vegas Strip, (2) Atlantic City, (3) Chicagoland, (4) Baltimore-Washington D.C., (5) Gulf Coast, (6) New York City, (7) Philadelphia, (8) Detroit, (9) St. Louis and (10) Boulder Strip.
“Our industry’s success goes beyond the bottom line and into communities across the country. The record state and local tax contributions fund vital services from infrastructure and education to healthcare and emergency services,” Miller reflected on the State of the States report.
Today, DraftKings Incorporated (DraftKings) (Nasdaq: DKNG) announced plans to launch its top-rated online sportsbook in North Carolina on March 11, 2024. This announcement is the culmination of DraftKings’ continued work with stakeholders and regulators across North Carolina to offer fans a responsible form of sports betting. Earlier this year, DraftKings and NASCAR agreed to terms on a written designation agreement, paving the way for the digital sports entertainment and gaming company to operate in the state. Once live in North Carolina, the DraftKings Sportsbook will be available in 27 United States states, in addition to Ontario, Canada.
North Carolina is known for its strong sports culture, housing the majority of the NASCAR industry, professional teams in the NFL, NBA and NHL as well as several universities competing at the Division-I level. Starting from March 11, DraftKings will provide eligible fans in the state several new and responsible ways to get in on the action. DraftKings’ online sportsbook provides a wide variety of betting markets and key offerings such as same-game parlays, in-game betting, special odds boosts and more on a safe, regulated platform with various customer protections in place such as deposit and time limits, access to responsible gaming resource materials, cool off and self-exclusion features along with DraftKings’ all new My Stat Sheet, an innovative responsible gaming feature that shows customers exactly how much time they’ve spent on DraftKings and the total amount of deposits they’ve placed on the platform.
“With the NCAA Tournament right around the corner and the NASCAR season in full throttle, we are thrilled to be launching our top-rated sportsbook app in North Carolina,” the President for DraftKings North America, Matt Kalish, said. “‘The Tar Heel State’ is home to a passionate fanbase and some of the most iconic college basketball programs of all time, making this an exciting time to introduce legalized online sports betting. We’re proud to be working alongside NASCAR as our market access partner and look forward to enhancing the fan experience across North Carolina with a fun, safe and seamless sports betting product.”
To celebrate the launch of legalized mobile sports betting going live in North Carolina, DraftKings, in collaboration with NASCAR, is teaming up with Carolina Panthers legend Greg Olsen for a ceremonial first bet on March 11, 2024. The event will take place at the NASCAR Hall of Fame in Charlotte and feature remarks from Olsen as well as DraftKings Chief Commercial Officer Jeremy Elbaum and North Carolina State Representative Zack Hawkins.
In addition to hosting the ceremonial first bet in North Carolina on March 11, DraftKings is also recognizing Problem Gambling Awareness Month (PGAM) in March, led by the National Council on Problem Gambling (NCPG) to increase public awareness of problem gaming and the availability of prevention, treatment and recovery services. DraftKings works closely with the NCPG to highlight the company’s responsible gaming initiatives and resources such as cool offs, limitations, key partnerships and mental health services.
Both active members of the American Gaming Association (AGA), DraftKings and NASCAR are committed to promoting the AGA’s Have A Game Plan: Bet Responsibly public service campaign, which educates customers on responsible gaming best practices such as establishing and adhering to a budget and only engaging with legal, regulated operators. DraftKings is committed to creating inclusive and responsible pathways for people to build, create, imagine and innovate through the DraftKings SERVES program.
Eligible customers in North Carolina can access the latest betting markets and more by downloading the DraftKings Sportsbook app available via iOS and Android. DraftKings is committed to providing customers with resources to help bet responsibly. Customers can review DraftKings’ responsible gaming tools here. For additional problem gaming support or services, North Carolina customers can call 1-800-GAMBLER.
AGA
*MEDIA ADVISORY* AGA to Host State of the Industry Presentation, Release Report on Record-Breaking 2023 Commercial Gaming Revenue
The American Gaming Association (AGA) will hold its annual State of the Industry presentation with AGA President and CEO Bill Miller on Tuesday, February 20 at 11:30 AM ET/8:30 AM PT.
During the presentation, the AGA will release full-year 2023 commercial gaming revenue numbers, discuss gaming’s third consecutive record-setting revenue year, provide analysis on the current gaming landscape, and preview AGA priorities for 2024.
Media are invited to a press call immediately following the presentation for Q&A.
What: AGA State of the Industry: Gaming’s Look Ahead & 2023 Commercial Gaming Revenue Tracker Release
Who: AGA President and CEO Bill Miller and Vice President, Research David Forman
When: Tuesday, February 20, 2024 at 11:30 AM ET/8:30 AM PT
Where: WEBINAR REGISTRATION | PRESS CALL REGISTRATION
For questions about this event or AGA’s Commercial Gaming Revenue Tracker, contact [email protected].
OKTO, a leading global digital payment solutions provider, proudly announces its ally membership with the American Gaming Association (AGA), the premier national trade group for the U.S. casino gaming industry. The membership solidifies OKTO’s dedication to the highest regulatory standards, continual support for responsible gambling practices, and the advancement of digital transformation in the industry.
As the national trade group representing the U.S. casino industry, the American Gaming Association (AGA) fosters a policy and business environment where legal, regulated gaming thrives. The AGA’s diverse membership of commercial and tribal casino operators, sports betting and iGaming companies, gaming suppliers, and more lead the $329 billion industry and support 1.8 million jobs across the country.
As a member of the AGA, OKTO aims to bolster its ability to provide advanced payment services to regional merchants while actively engaging with local authorities for a secure and responsible gambling ecosystem.
Theo Engelis, OKTO’s Vice President North America, expressed, “Joining the AGA allows us to contribute to the advancement of the American gaming landscape. OKTO is committed to upholding stringent regulatory standards and collaborating closely with local authorities to deliver innovative, secure, and efficient cashless payment solutions in the American gaming industry.”
OKTO will actively participate in member events to share our unique perspective on the digital payments’ environment. This commitment underscores OKTO’s dedication to remaining at the forefront of the American gaming Industry, fostering industry relationships, and supporting shared business objectives.
OKTO’s membership with AGA highlights its proactive contribution to the industry’s growth and responsible development, showcasing a commitment to excellence, innovation, and the promotion of a secure and responsible gaming environment.
Strategic Deal: Expanse Studios Seals Media Partnership with Geek Spins
GoldenRace is now certified in the Netherlands
Betby Forges Strategic Partnership With Latam Powerhouse Cactus Gaming
Play’n GO announces expansion of BetMGM partnership with Pennsylvania launch
PRAGMATIC PLAY GOES LIVE WITH PIXBET FOR THE BRAZILIAN MARKET
Wazdan coronates energy efficiency in Hot Slot™: 777 Crown Extremely Light
BetRivers Announced as Title Sponsor for NASCAR Xfinity Series Dash 4 Cash Race at Dover Motor Speedway
Wizard Games brings back unique pay-as-you-see mechanics in Digipays
Nolimit City Delivers Retro Chaos with BRICK SNAKE 2000
Setting Sail in Montenegro, Hacksaw Gaming and Admiral Bet Celebrate Another Milestone Together
-
gaming2 years agoODIN by 4Players: Immersive, state-of-the-art in-game audio launches into the next generation of gaming
-
EEG iGaming Directory7 years ago
iSoftBet continues to grow with new release Forest Mania
-
News6 years ago
Softbroke collaborates with Asia Live Tech for the expansion of the service line in the igaming market
-
News5 years ago
Super Bowl LIII: NFL Fans Can Bet on the #1 Sportsbook Review Site Betting-Super-Bowl.com, Providing Free Unbiased and Trusted News, Picks and Predictions
-
iGaming Industry6 years ago
Rick Meitzler appointed to the Indian Gaming Magazine Advisory Board for 2018
-
News5 years ago
REVEALED: Top eSports players set to earn $3.2 million in 2019
-
iGaming Industry6 years ago
French Senator raises Loot Boxes to France’s Gambling Regulator
-
News6 years ago
Exclusive Interview with Miklos Handa (Founder of the email marketing solutions, “MailMike.net”), speaker at Vienna International Gaming Expo 2018
