The strong start to the year was punctuated by March’s revenue performance of US$5.31 billion. The month marked the highest-grossing revenue month in industry history.
“Consumers continue to seek out gaming’s entertainment options in record numbers,” said AGA President and CEO Bill Miller. “Q1’s strong results build on the industry’s record year in 2021 despite continued headwinds from supply chain constraints, labor shortages, and the impact of soaring inflation.”
The AGA also released the annual State of the States report, which details the remarkable industry recovery throughout 2021.
Commercial Gaming Revenue Tracker
Total commercial gaming revenue for Q1 2022 increased nearly 29% year-over-year. Nearly every (32 of 34) commercial gaming jurisdiction surpassed Q1 revenue from last year and three set quarterly records: Arkansas (US$147.4m), Florida (US$182m) and New York (US$996.6m).
Sports betting and iGaming continued to experience tremendous growth, with both verticals setting all-time quarterly records, while land-based gaming showed quarterly growth amidst a traditional seasonal slowdown.
“Four years post-PASPA, legal sports betting’s success is proving what we’ve known all along: American consumers are eager to wager within the protections of the regulated market,” Miller added. “It also reinforces the need to stamp out offshore, illegal operators who prey on vulnerable customers.”
State of the States 2022
AGA’s newly released State of the States report explores the industry’s remarkable bounce back in 2021. Highlights from this year’s report, which serves as the definitive economic and regulatory analysis of U.S. commercial gaming by state, include:
“Our industry’s success goes beyond the bottom line and into communities across the country. The record state and local tax contributions fund vital services from infrastructure and education to healthcare and emergency services,” Miller reflected on the State of the States report.
Source: AGA
