The US gaming industry continues to expand in 2022 and is on track to hit another revenue record. Data from the American Gaming Association shows trailing 12-month revenue growth of about 1% since November 2021, signaling the industry’s expansion. Here are some highlights from the report.
Commercial gambling revenue in the US reached $5.29 billion in October, a 10.5% increase from the same period last year. This figure is also the second highest grossing in 2022.
Since the beginning of the year, the US gambling industry has generated a total of $49.85 billion in commercial gaming revenue, again, 14.7% more than the same period last year. Slots and table games in casinos contributed just over $4 billion in October, while igaming and sports betting came in with $453.1 million and $804.7 million, respectively.
Insights into emerging trends
Going back to the October figures, iGaming and sports betting accounted for 23.8% of total revenue. The numbers seen for these markets in September and October represent their highest contribution to total revenue since the 2020 pandemic-related casino closures.