Through the first 11 months of 2022, commercial gaming revenue stood at US$54.93bn, 13.5 per cent ahead of the same period in 2021 and surpassing the annual record of US$53.04bn from 2021 with one month of gaming revenue left to report.
Trailing 12-month (TTM) revenue was US$59.58bn for the period covering December 2021 through November 2022. Sequentially, TTM revenue inched up 0.2 percent compared to the preceding TTM period stretching from November 2021 to October 2022. The near-flat TTM trend is unsurprising considering the commercial gaming industry has been back to operating at full capacity without pandemic restrictions for more than a year.
At the state level, 21 of 33 commercial gaming jurisdictions that were operational one year ago and had reported at the time of writing posted year-over-year revenue growth in November.
Notable among the declines was Nevada where monthly gaming revenue dipped 7.6 percent from last November, driving the slowdown in nationwide revenue overall. Nevada revenue decreased even as Las Vegas visitation increased 4.9 percent year-over-year, supported by a variety of events and a 45.4 percent jump in convention attendance, according to the Las Vegas Convention and Visitors Authority.
Through November, US casino slot machines and table games have generated revenue of US$43.79bn, tracking 6.7 per cent ahead of the same eleven-month period of 2021.
November sports betting activity benefited from a busy sports calendar and Maryland becoming the 23rd jurisdiction to offer mobile sports betting, resulting in a 27 percent increase in betting activity nationwide. Americans wagered US$9.40bn on sports throughout the month – an all-time high without including Arizona, which had not reported November numbers at the time of publication. Legal commercial sports betting was available across 27 commercial sports betting jurisdictions in November, compared with 25 a year earlier.
Taken together, revenue from iGaming and sports betting accounted for 23.9 per cent of combined commercial gaming revenue in November, down from 24.5 per cent in October, while it sits at 20.2 percent for the year.
Source: GMB
