The American Gaming Association (AGA) reported that commercial gaming revenue in the United States was $14.31 billion in the first quarter of 2022
This is a new first quarter record, nearly matching the all-time quarterly record, which was set in the fourth quarter of 2021 ($14.35 billion).
Total commercial game revenue for the first quarter of 2022 increased nearly 29% year-over-year as 32 of the 34 jurisdictions that offer commercial games exceeded first-quarter revenue year-on-year last. Three of 34 quarterly records set, including Arkansas recording $147.4 million, Florida at $182.0 million and New York at $996.6 million.
The strong start to the year was punctuated by March’s revenue performance of $5.31 billion. The month marked the highest revenue month in industry history.
“Consumers continue to seek kid entertainment options in record numbers,” said AGA President and CEO Bill Miller.
“Strong first quarter results build on the industry’s record year of 2021 despite continued headwinds from supply chain constraints, labor shortages and the impact of soaring inflation.”
Land games also showed growth despite the traditional “seasonal downturn”.
Breaking down revenue by sector, slot games recorded the highest first quarter at $8.2 billion, up 19.4% since the first quarter of 2021. Table games also saw a increased by 4.72% to $2.38 billion, sports betting increased by 64.6% to $1.58 billion and gambling increased by 53.9%. at $1.21 billion.
“Four years after PASPA, the success of legal sports betting proves what we’ve known all along: American consumers are eager to bet within the protections of the regulated market,” Miller added. “It also reinforces the need to root out illegal offshore operators who prey on vulnerable customers.”
It comes after the AGM announced the new “State of the States 2022” report. The report explores the development of the industry since the 2021 pandemic, highlighting the economic and regulatory growth of commercial games in the United States.
Miller said the report showed that “industry success goes beyond the bottom line and into communities across the country. Record state and local tax contributions fund vital services ranging from infrastructure and education to health care and emergency services.
The report highlighted 2021’s new annual record for commercial games, reaching $53 billion, a 21.5% increase from the previous record in 2019. Transactions generated a record $11.7 billion dollars in direct gaming tax revenue paid to state and local governments, up 75% from 2020.
The Las Vegas Strip has maintained its number one spot in commercial gaming markets, generating more than $7 billion in revenue year over year. It was closely followed by Atlantic City, Chicagoland and Baltimore-Washington DC