According to the American Gaming Association, revenue in July was nearly $5.4bn. This is the best ever month for gaming revenues.
According to AGA’s Tracker Commercial Gaming, US gaming industry generated $5.39bn through July, a 5.9% increase year-over-year.
The AGA anticipates that this trend will continue. The AGA expects this trend to continue.
The traditional land-based casinos generated record revenues in July. They reached $4.4bn GGR, thanks to “seasonal trends in travel and the additions of several new casino properties.
Slots generated $3.13bn in revenue, an increase of 3.2% year-over-year, while GGR for table games increased by 1.7% to $976.3m.
Through July, revenue from slot machines and casino table games totaled $28.97bn. This is an increase of 3.6% over the previous year. 21 out 26 states that have land-based casinos with commercial gaming reported YoY growth. Only Florida, Iowa Mississippi Indiana and Louisiana saw a decline.
The fastest growth was also seen across all verticals in sports betting, with revenues reaching $497.7m during July. This represents a 28.4% increase YoY. This growth was due to the opening of several new markets, such as Ohio, Massachusetts, and the launch of online gambling in Maryland in November last year.
Sports betting revenues have reached $5.46bn for the year to date, a 63.1% increase YoY. This is largely due to the impact of new markets.
Online casino revenue reached $481.5m in July, which represents a growth of 22,7% YoY. This was fueled “by the continued expansion and acceleration of the online gaming industry”. This was also the best-ever month for US igaming.
The igaming industry has seen four consecutive months of decline. Online casino revenue has reached $3.45bn for the year to date, an increase YoY of 22.6%.