U.S. business playing continued its future of consecutive quarterly income progress within the second quarter, hitting a Q2 report of $16.07 billion, in keeping with the American Gaming Association.
The whole outpaced Q2 2022 by 8.1 % and marked the tenth consecutive quarter of annual progress for the business on line casino trade.
Q2 2023 is the second-highest grossing quarter in trade historical past, topped solely by Q1 2023, making H1 2023 the business gaming trade’s strongest half ever. The $32.71 billion in business gaming income generated within the first six months of 2023 tracks 11.9 % forward of the identical interval final yr.
The trade’s sturdy efficiency has resulted in an estimated $7.28 billion in direct gaming tax income for state and native governments by the primary six months of the yr. Pacing 12.9 % forward of final yr, 2023 is on tempo to generate extra gaming tax income than any earlier yr.
While land-based gaming continues to account for greater than three-quarters of whole business income, the trade’s year-over-year progress is being pushed by the web sports activities betting and that iGaming sectors.
Q2 income from land-based slots, desk video games and retail sports activities betting totaled $12.38 billion, a slight enhance (+0.9%) in comparison with the earlier yr. Meanwhile, income from on-line gaming rose 43.1 % year-over-year in Q2 to $3.68 billion, partially pushed by the introduction of cell sports activities betting in Kansas, Maryland, Massachusetts and Ohio throughout the previous yr.
Combined on-line and land-based sports activities betting income totaled $2.3 billion in Q2 2023, an trade report for any second quarter and a 56.6 % year-over-year enhance. Meanwhile, on-line on line casino gaming tied Q1 for its highest-grossing quarter ever, producing $1.48 billion in income, up 22.5 % over Q2 2022.
Across the nation, 23 of 34 business gaming jurisdictions that had been operational one yr in the past noticed elevated Q2 income from 2022.
“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,” mentioned Bill Miller, AGA President and CEO.
“To sustain this momentum, the AGA will continue enlisting more allies in our fight against the illegal market, bolstering responsible gaming, and building a business environment that allows our innovative industry to bring world-class entertainment to adults across America.”