September 15, 2023 2 min read


US Commercial Gaming Revenue Soars in July

Land-based casino gaming experienced a slight resurgence while sports betting and iGaming maintained their impressive momentum

July proved another successful month for the US commercial gaming industry, reaching a record-breaking revenue of $5.39 billion, according to data compiled by the American Gaming Association (AGA). Despite the positive results, declining annual revenue growth rates in some verticals may signal a return to more normalized post-pandemic comparisons.

Most States Recorded Sustained Growth

AGA’s Commercial Gaming Revenue Tracker is the go-to resource for state-by-state and nationwide insight into the US commercial gaming industry’s financial performance. Monthly and quarterly updates based on state revenue reports reveal emerging market trends. This valuable information helps industry stakeholders adjust their strategies and remain flexible in the face of rising challenges.

Looking at the broader picture, July’s aggregate revenue from traditional casino gaming, sports betting, and iGaming stood at an impressive $37.91 billion. This figure outpaces 2022’s record-setting pace by a significant 11%. 21 out of 31 gambling jurisdictions with sufficient data experienced revenue growth. However, Florida, Indiana, Iowa, Louisiana, and Mississippi fell slightly behind, showcasing the impact of regional factors.

Land-Based Gambling Remains an Industry Cornerstone

Annual revenue growth from land-based gaming remained steady at 2.5%, reaching an all-time monthly high of $4.4 billion. These results carry on from last month, contrasting the sector’s stagnation since the beginning of the year. Seasonal travel trends and the launch of several new physical casino properties spearheaded growth, but it is uncertain whether this trend will persist.

Sports betting retained its impressive momentum with another record-setting month. July’s results indicate land-based and online sportsbook revenues of $497.7 million across 27 jurisdictions, representing a 28.4% year-on-year increase. Two new states introducing regulated wagering bolstered this number, contributing to the industry’s sustained growth. Year-to-date revenue reached $5.46 billion, a staggering 63.1% rise. 

The Online Sector Lags behind March’s Peak

iGaming shwocased stellar growth as revenues rose 22.7% year-on-year in July, settling at $481.5 million. Although impressive, this result marks four consecutive months of sequential contraction since the sector’s peak in March.

These results closely mirror 2022, potentially signaling a new seasonal trend. Year-to-date revenues reached $3.45 billion, reflecting a 22.6% increase compared to the same period in 2022.

Despite short-term challenges, the US commercial gaming industry remains on an upward trajectory, hitting record revenue figures in July. All online and land-based verticals contributed to this remarkable growth, maintaining the sector’s impressive momentum. While annual revenue growth has slowed somewhat, the industry remains robust, with a positive outlook for the rest of the year.

Deyan is an experienced writer, analyst, and seeker of forbidden lore. He has approximate knowledge about many things, which he is always willing to apply when researching and preparing his articles. With a degree in Copy-editing and Proofreading, Deyan is able to ensure that his work writing for GamblingNews is always up to scratch.

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