Washington, DC – February
2024 / NewsmakerAlert: U.S.
commercial gaming revenue reached an annual record of $66.5 billion in
2023, according to the American
Gaming Association’s (AGA) Commercial
Gaming Revenue Tracker. The total surpasses 2022’s previous high of
$60.5 billion by 10 percent, marking the industry’s third-straight record
revenue year.
The year was punctuated by all-time high quarterly revenue of $17.4 billion in Q4 2023, anchored by $6.2 billion in revenue in December, the highest grossing month in industry history. “From
the traditional casino experience to online options, American adults’ demand
for gaming is at an all-time high,” said AGA President and CEO Bill
Miller. “Sustaining our momentum will take unified industry efforts
around combating pernicious illegal operators and growing responsible gambling
efforts in tandem with the growth of the legal market—both of which the
AGA is committed to lead on throughout 2024.”
The commercial gaming industry continues to evolve, with online gaming making up nearly one-quarter (24.7%) of nationwide commercial gaming revenue in 2023, a new annual high. Looking at each sector:
The commercial gaming industry also contributed more to state and local governments’ coffers than ever in 2023. Throughout the year, commercial gaming operators paid an estimated $14.4 billion in direct gaming revenue taxes, an increase of 9.7 percent year-over-year. The industry also contributes billions of additional tax dollars to states each year in the form of income, sales, payroll and various other corporate taxes. “Gaming’s success translates directly to the success of the states, cities and towns in which we operate,” continued Miller. “We are proud to be in 47 U.S. jurisdictions, acting as economic drivers, creating jobs and providing the funding that makes critical public education programs, infrastructure projects, problem gambling resources and more possible.” About
the AGA
Media
Contact:
|