AGA: {strong}US{/strong} {strong}gross{/strong} {strong}gaming{/strong} revenue hits $16.1bn in Q2
Latest data reveals double-digit YOY percentage increases in OSB and igaming as online overshadows land-based sector
US commercial gross gaming revenue (GGR) grew 8.3% year on year (YOY) during Q2 2023 to $16.1bn, according to latest data from the American Gaming Association (AGA), with strong growth in igaming and sports betting.
Total sports betting GGR rose by 58.5% YOY in Q2 to $2.33bn, while total igaming GGR also rose by double-digits in percentage terms on a YOY basis, increasing 22.5% to $1.48bn.
The growth in both verticals overshadowed the land-based sector, where slots-based GGR could only manage a 2.2% revenue increase in Q2 to $8.98bn and GGR from table games declined over the same period by 2.1% to $2.46bn.
Q2 2023 marks the second highest GGR quarter in the history of US commercial gaming, surpassed only by Q1 2023, which when combined with Q2 form the highest H1 total GGR to date.
Total US commercial gaming GGR amounted to $32.74bn during the first six months of 2023, a figure up 12% from the same period in 2022.
At an individual vertical level, sports betting was once again the highest grossing vertical in H1, with the sector reporting a 66.5% YOY revenue increase to $5.2bn.
Igaming GGR also rose sharply by 22.6% YOY to $2.97bn during H1, with land-based slots revenues increasing 4.9% to $17.72bn over the same period.
GGR from table games grew by 1.5% YOY in H1 to $4.96bn.
Across the country, 23 of 34 commercial gaming jurisdictions that were operational one year ago saw increased Q2 revenue from 2022.
AGA president and CEO Bill Miller welcomed the results, but was also keen to stress the non-revenue-based impact of the commercial gaming industry on the US economy.
“While commercial gaming is on track for an unprecedented third consecutive year of record revenue, the lasting impact we’re making on our communities through this record growth is even more impressive,” Miller said.
“These results are a clear indication that our post-pandemic recovery wasn’t a fluke; the gaming sector continues to thrive, and when we do well, our communities do well.
“To sustain this momentum, the AGA will continue enlisting more allies in our fight against the illegal market, bolstering responsible gaming and building a business environment that allows our innovative industry to bring world-class entertainment to adults across America,” he added.
