US Commercial Gaming Revenue Hits $5.3bn in October, Says AGA

The national trade group for the US casino industry, the American Gaming Association (AGA), released its latest commercial gaming revenue report. AGA’s Commercial Gaming Revenue Tracker provided insight into the performance of operators and showed significant growth in revenue in October.

Commercial Gaming Revenue Increases, a New Report Reveals

The overall commercial gaming revenue in October hit $5.29 billion. This result, when compared to the same period in October 2021, marked an increase of 10.5%. What’s more, the result from October marked the second-best gaming revenue result falling behind only to the $5.35 billion record set in March this year.

Besides a year-over-year growth, the commercial revenue result from October boosted the overall results for the whole year. In fact, AGA revealed that the total commercial revenue in the last ten months hit $49.85 billion, representing a significant increase of 14.7% when compared to the corresponding period in 2021.

A further breakdown provided by the Association reveals that slot GGR for the first ten months this year hit $28.6 billion, marking an increase of 5.8%, while table games GGR was up 16.5% to $8.3 billion. On the other hand, for the first ten months this year, iGaming revenue increased by a solid 38.1% to $4.08 billion.

But without any doubt, the biggest growth this year was in terms of sports betting revenue. The AGA’s report reveals that for the first ten months this year, sports betting GGR hit $5.76 billion, marking a whopping 77.9% growth when compared to the same period in 2021.

“As 2022 draws to a close, the gaming industry remains on track for another record-setting year. Over the first ten months, commercial gaming revenue totaled $49.85 billion, 14.7 percent ahead of the same 10-month period in 2021,“

reads the American Gaming Association’s latest report

Sports Betting Soars in October

Despite the ongoing economic uncertainties and increase in the cost of living, commercial gaming reported strong growth for another month. According to a breakdown provided by the AGA, commercial operators in October have seen an increase in all different operating segments.

Most notably, sports betting revenue increased by 77.7% in October to $804.7 million when compared to October last year. Strong growth was observed in iGaming revenue which this October increased by 26.8% to $453.1 million. Slot GGR and table game GGR increased as well, hitting $2.91 billion and $846.9 million, up 2.4% and 1.9% respectively.