US Gaming Industry Revenues for the Second Quarter of 2023

US Gaming Industry Revenues for the Second Quarter of 2023 Gambling News Digest

Revenues of the US gambling industry for the second quarter of 2023 exceeded $16 billion – this is the second result in history

The American Gaming Association (AGA) reported US gaming industry revenues of $16.07 billion for the second quarter of 2023.

This figure exceeded the second quarter 2022 result by 8.1% and marked the 10th consecutive quarter of annual growth for America’s gambling industry.

In addition, the past second quarter was the second highest-grossing quarter in the history of the industry – surpassed only by the first quarter of 2023, making the first half of 2023 the strongest half of the year in the U.S. gambling industry.

Gaming revenue of $32.71 billion generated in the first six months of 2023 is 11.9% higher than the same period last year.

Such a strong performance of the industry led to the fact that, direct tax revenues from gambling to the budgets of various regions of the country for the first half of the year amounted to $7.28 billion (+12.9%) – the authorities expect that 2023 will be a record year in terms of tax collection from the gambling industry.

“These results are a clear indication that our recovery from the pandemic was no fluke: the gaming sector continues to thrive, and when we do well, our communities succeed,” said AGA President and CEO Bill Miller.

Revenue from land-based slot machines, table games and retail sports betting totaled $12.38 billion in the second quarter, a slight increase (+0.9%) year-over-year.

Meanwhile, online gaming revenue grew 43.1% year-over-year to $3.68 billion, thanks in part to the introduction of mobile sports betting in Kansas, Maryland, Massachusetts and Ohio over the past year.

Combined online and land-based sports betting revenue totaled $2.3 billion, an industry record for any second quarter and a 56.6% increase over the same period last year.

Meanwhile, the online casino gaming sector equaled the first quarter’s highest-grossing quarter ever, generating revenue of $1.48 billion, a 22.5% increase over the second quarter of 2022.

Top List of the Best Online Casinos for US Players

Online Casinos USAWhat we Like:Open An Account
Exclusive Slot Machines
Play Now
Reliable Casino Games Platform
Play Now
Massive Progressive Jackpots
Play Now
Overall Best Real Money Online Casinos
Play Now
Huge Welcome Bonus
Play Now
No Deposit Casino Bonuses
Play Now
Best Sports Betting Site
Play Now
Excellent Live Dealer Games
Play Now
VIP Club and Secure Payment Options
Play Now
Reliable Sports Betting Site
Play Now
High RTP Casino
Play Now
Great Signup Bonuses
Play Now
Time Proven Casino
Play Now
Best Crypto Bonuses
Play Now
Free Spins for Registration
Play Now
300% Welcome BTC Bonus
Play Now
Fastest Payouts
Play Now
Best Match Bonus
Play Now
Free No Deposit RTG Casino Bonus
Play Now
Free Spins for Registration
Play Now
Popular Bookmaker for Betting
Play Now
New Casino with Bonuses
Play Now
Best Cashback Bonus
Play Now
Exclusive Match Bonus
Play Now
Big Cryptocurrency Bonus
Play Now
Alex Blare

With over 10 years of experience as a qualified content writer and editor, I have a versatile portfolio covering various niches such as gambling, cryptocurrency and more. My invaluable contributions have been instrumental in the successful completion of numerous projects.

Guide to Online Casinos USA - Reliable and Trusted Casino Sites
Leave a review