Industrial gaming in america had a file second quarter and is on observe to shatter the annual file set final yr.
The American Gaming Affiliation on Wednesday reported income of $16.07 billion for the quarter that ended June 30, beating final yr’s second quarter by 8.1 p.c. It was the trade’s second-best quarter in historical past, solely trailing this yr’s first quarter. It was the tenth straight quarter of annual development.
“Whereas business gaming is on observe for an unprecedented third consecutive yr of file income, the lasting affect we’re making on our communities by this file development is much more spectacular,” stated AGA President and CEO Invoice Miller.
For the primary half of 2023, the nation’s business casinos reported $32.71 billion, monitoring 11.9 p.c forward of the identical interval in 2022.
The income generated by casinos nationwide resulted in state and native tax income totalling $7.28 billion.
The AGA additionally stated:
— Land-based gaming accounted for $12.38 billion in income within the second quarter (up 0.9 p.c year-over-year), greater than three-quarters of complete business gaming income.
— Mixed on-line and land-based sports activities betting income totaled $2.3 billion within the second quarter, an trade file for any second quarter and a 56.6 p.c year-over-year enhance.
— iGaming tied the primary quarter for its highest-grossing quarter ever, producing $1.48 billion in income, up 22.5 p.c over the second quarter of 2022.
— 23 of 34 business gaming jurisdictions that had been operational one yr in the past elevated second-quarter income from 2022.
“These outcomes are a transparent indication that our post-pandemic restoration wasn’t a fluke: The gaming sector continues to thrive, and once we do properly, our communities do properly,” Miller stated. “To maintain this momentum, the AGA will proceed enlisting extra allies in our struggle in opposition to the unlawful market, bolstering accountable gaming and constructing a enterprise surroundings that enables our modern trade to convey world class leisure to adults throughout America.”
Contact Richard N. Velotta at email@example.com or 702-477-3893. Comply with @RickVelotta on X, previously often called Twitter.