US Commercial Gaming Gets $5.29bn in Revenue in October, It Becomes Second-Best Month

US Commercial Gaming Gets $5.29bn in Revenue in October, It Becomes Second-Best Month

According to the American Gaming Association’s Commercial Gaming Revenue Tracker, the commercial gaming industry in the US hit $5.29bn in revenue in October, which is the second-best result after $5.35bn generated in March 2020.

Despite widespread macroeconomic concerns, there was a revenue growth of 11% year-on-year, and October became the 20th month in a row to show the growth on yearly basis.

October has resulted in gaming revenue growth year-on-year across all verticals, and the nationwide revenue from iGaming sector has set an all-time monthly record.

The biggest part of total commercial gaming revenue was generated by casinos’ table games and slot machines (76.2%, $4.03bn), sports betting came the second with $804.7m grossed (15.2%), while iGaming sector brought $453.1m (8.6% of total revenue).

As for the individual market level, among 33 commercial gaming jurisdictions that were operating a year ago, 26 got an increased revenue compared with October 2021 results. However, Arizona has not reported October data.

Monthly gaming win didn’t change in Oklahoma (-0.4%), Ohio (-0.3%), New Jersey (-0.7%), Missouri (-4.7%), Delaware (-3.7%) and Maine (-2.8%).

Reference: AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the financial performance of the US commercial gaming industry.

According to the report, a combined monthly revenue from the iGaming sector generated in West Virginia, Pennsylvania, New Jersey, Michigan, Delaware and Connecticut was $453.1m, which is 27% more than in October last year.

As for sports betting, this year a 10-month period resulted in $73.11bn of annual handle across 24 markets, this is 70% more than it was after the same period in 2021.

In other news, Bragg launches new content and technologies with BetMGM in Michigan.

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Publication Author
Marcus Steel
Author of news
Marcus was born in the USA. He graduated from The University & Jepson Herbaria, University of California, Berkeley in 2016. Then Steel unsuccessfully tried to work in his father's company. In 2020, he decided to open his own gambling project but couldn’t find investors.
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