Based on commercial data obtained in the first nine months of 2022, this year is likely to exceed 2021 when it previously recorded the highest commercial gaming revenue. Year-over-year, first nine months of 2022 earnings were up 14.7% year-over-year. In addition, revenue so far in 2022 is already higher than the total revenue achieved by the industry in 2019.
AGA President and CEO Bill Miller reviews industry trends in the current business environment. “While business challenges remain, high consumer demand continues to fuel the record success of our industry,” he said. “Our continued momentum in the face of broader economic volatility points to the overall health of today’s game, giving us confidence to look forward.”
According to Commercial Gaming Revenue Tracker, the commercial gaming industry grew 8.8% year over year in the third quarter of 2022. With 2.6% year-on-year growth, a large part of the U.S. economy, over the same period, it’s clear that commercial gaming outperformed the U.S. economy overall by 6.2%. 온라인카지노
In the observed quarter, the industry continued to rely on land-based slots and table games to achieve major revenue growth of a record $12.27 billion. 1.8% higher compared to Q3 2021. Total annual vertical sales were $35.94 billion, up 8.1% year over year.
In addition, sportsbook sales were further driven by the high sportsbook percentage to experience steady growth across the existing market. Like slot and table games, sports betting also posted a new quarterly revenue record of $1.68 billion, up 80.6% year over year. Also, September sports betting brought in $4.78 billion in revenue, another annual record. This exceeded the 2021 annual record of $4.34 billion.
iGaming almost made another profit with $1.21 billion in revenue. In fact, iGaming’s revenue fell 1% to a new quarterly high. However, September’s performance was similar to that of the sportsbook sector. iGaming quickly brought in $3.62 billion through September for further growth.