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.
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