Last updated on June 11th, 2023 at 10:15 am
The American Gaming Association released a report that showed US commercial gambling revenue reached $16 billion in the first three months of 2023. It is the eighth consecutive quarter with record-breaking revenue.
Also, the quarter featured the industry’s highest-grossing month, with revenue of $6 billion in March. According to the best pay per head bookie, the US gambling industry continued to grow two years after the COVID pandemic. In addition, the AGA monitored record growth from online and brick-and-mortar casinos. They concluded that American adults choose gaming as their number one entertainment option.
According to pay per head bookie sources, eighteen of 35 commercial gaming markets saw record revenue in the first quarter of 2023. Only Mississippi saw a drop in revenue compared to the first quarter of 2022.
US Commercial Gambling Revenue
In the first quarter of 2023, revenue soared across the board for the commercial gaming industry. While land-based casinos brought in 75.3% of all gambling earnings, an all-time high of 24.75% came from wagers over the internet. The $12.3 billion in quarterly revenue earned by brick-and-mortar casinos in Q3 2022 was a record. Also, it is higher than the $12.26 billion in Q2 2022.
In the first quarter of 2023, Americans gambled $31.11 billion on sports. It led to a record quarterly revenue of $2.79 billion. Also, it is 70.1% higher year-over-year. The expansion was driven by expansion into new markets in Kansas, Massachusetts, and Ohio compared to Q1 2022.
According to PayPerHeadKing.com sources, the first quarter of 2023 saw a 22.7 percent annual rise in income from online casino gaming to $1.48 billion. In 2022, commercial gambling brought in a record $13.48 billion direct gaming tax income. It was an increase of 15.3 percent from the previous year. The additional billions paid in revenue, sales, and other taxes are not included.
In the first quarter of 2023, commercial gaming markets, including casinos, sportsbooks, and iGaming, were available in 34 states and the District of Columbia.
