As AP News reported, US commercial casinos experienced their greatest July ever in 2023, collecting almost $5.4 billion from punters, in compliance with numbers published Thursday, September 14, by the AGA's Commercial Gaming Revenue Tracker.
On track for the best year yet:
Commenting on the aforementioned results, the American Gaming Association (AGA), stated: “The casinos' winnings were up nearly 6% from July 2022. They remain on pace to have their best year ever in 2023, with winnings from in-person casino games, sports betting and internet gambling at nearly $38 billion over the first seven months of this year, 11% ahead of what they won during the same period in 2022.”
In addition, the AGA also disclosed that income from long-established in-person casino games totaled $4.4 billion during July, the latest monthly record. It also said that “those figures were aided by seasonal travel trends and the addition of several new physical casino properties around the country, including in Illinois, Pennsylvania and Virginia.”
When looking at the sports wagering segment, it collected almost $498 million in income during the said month, meaning it has increased by more than 28% compared to 2022. As for internet gambling, it collected $481.5 million, which means it grew by almost 23% compared to 2022 in Michigan, Connecticut, Pennsylvania, Delaware, West Virginia and New Jersey. In this regard, the group said: “21 of 31 commercial gambling states that were operational a year ago and have complete data available posted year-over-year revenue growth in July.”
Just 5 states revealed that their casinos made less during the first 7 months of the year compared to 2022. These states are: Indiana (-0.5%), Mississippi (-3.8%), Iowa (-0.1%), Florida (-0.8%) and Louisiana (-0.1%). However, the numbers don't involve money generated by tribal-operated casinos, which reveal their income individually.
Additionally, mixed income from internet gambling and online sports wagering grew 25.2% annually throughout July. When looking at the rate of increase in land-based casinos income, which involves money earned from punters on table games, slot machines and retail sports wagering, it was stable at 2.5% during June and July. However, it was horizontal just 3 months prior to this new data.
Next, there is commercial sports wagering income, which hit $5.46 billion in the aforementioned seven-month period, outpacing the same period last year by over 63%. Also, during the same period, internet gambling income was $3.45 billion, meaning it grew by 22.6% compared to 2022.
AGA's Commercial Gaming Revenue Tracker offers insight into the financials of the US commercial gaming industry by state. Additionally, monthly updates on the AGA's website AmericanGaming.org include headline numbers based on state income reports, and quarterly reports offer very detailed analysis of the former 3 months.
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