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The American Gaming Association (AGA) has released its ps for Q3 2023, reporting increases across all verticals, including total gross gaming revenue, which went up by 6.1% to $16.17bn year-on-year, marking the US commercial gaming industry’s best Q3 on record.
The third quarter of 2023 also marks the second-highest-grossing commercial gaming quarter of all time, only behind Q1 2023, as demonstrated in the graph below.
Looking closer at the numbers where all verticals increased year-on-year, slot gaming revenue increased by 1.7% to $8.98bn, table game revenue rose by 3.8% to $2.64bn, sports betting revenue increased by 22.8% to $2.15bn; the vertical with the highest growth was iGaming, which went up by 26% to $1.52bn.
Growth in sports betting during the quarter was mainly driven by Maryland (online), Massachusetts, Nebraska and Ohio, despite the fact that a year ago these states were not operational for sports betting. Sports betting is also due to set a new record year, with Americans wagering $79bn in the first nine months of 2023, a 32.7% increase from last year. Land-based casino and iGaming generated all-time quarterly records as well.
AGA President and CEO, Bill Miller, commented on the results: “With growth across land-based and online gaming, we are delivering career opportunities for millions of Americans and strong economic contributions to communities across the country through increased tax revenue.
“Our sustained momentum reflects gaming as a first-choice entertainment option for millions of American adults.
“Americans continue to migrate their action to the protections of legal, regulated sportsbooks in record numbers. This sustained demand only reinforces the need for federal and state enforcement against illegal, offshore operators.”
