AGA Reports $16 Billion in Second Quarter Sports Betting Revenue

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AGA Reports $16 Billion in Second Quarter Sports Betting Revenue
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According to the American Gaming Association, U.S. commercial gaming generated a quarterly record $16.07 billion in revenue in Q2 2023.

, U.S. commercial gaming generated a quarterly record $16.07 billion in revenue in Q2 2023. The impressive results in Q2, which were an 8.1% increase year-over-year, marked the 10th consecutive quarter of annual growth for commercial gaming in the U.S.

“These results are a clear indication that our post-pandemic recovery wasn’t a fluke: the gaming sector continues to thrive, and when we do well, our communities do well,” said AGA CEO and president Bill Miller in a statement.

The commercial gaming industry includes slots, traditional table games, sports betting, and iGaming. The group was led by slots in Q2 2023, which generated $8.89 billion in revenue. However, sports wagering reported the most significant growth in Q2 2023 with revenue reaching $2.3 billion, up 56.6% compared to the same period last year.

Meanwhile, iGaming — which is only legal in under 10 states across the United States — generated $1.48 billion in revenue, a 22.5% uptick compared to Q2 2022. Table gaming was the only U.S. commercial gaming vertical to not report growth as revenue reached $2.46 billion in Q2 2023 — marking a 2.1% decrease year-over-year.The results for commercial gaming in Q2 2023 were comprised of 34 states and the District of Columbia.

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