US commercial gaming falls short of history making May

US commercial gaming falls short of history making May

Commercial gaming across the US through May soared to the second highest figure recorded reports the American Gaming Association.

The $5.1bn tracked by land-based casinos, sportsbooks, and igaming sees the $5bn mark surpassed for the third consecutive month.

The industry association, reports its latest Commercial Gaming Revenue Tracker stats, adds that the industry is on track “for another potential record-setting year” despite ongoing challenges.

Revenue through the first five months reached $24.47bn, up 21 per cent from the same period in 2021, despite supply chain issues, labour shortages and inflation.

The 9.5 per cent year-on-year growth rate is the softest since February 2021, when YoY comparisons moved beyond months in which the industry was operating with significant COVID-related operating restrictions.

In total, eighteen of 31 commercial gaming states that were operational a year ago recorded an uptick through the month, with only the District of Columbia, Kansas, Mississippi and South Dakota behind their 2021 pace through the year so far.

The 31 day time frame saw land-based casino slot machines and table games combined for $4.13 billion in nationwide revenue, up 1.4 percent YoY and marked a performance that ranks as the third-highest month.

Furthermore, commercial gaming revenue from sports betting and igaming continued to grow on an annual basis through the month.

Land-based and online sportsbooks generated $555m in revenue during May from commercial operations in 26 states, a 78.2 per cent gain from 2021 when sports betting markets were live across 20 states and the District of Columbia compared to 30 and DC today. 

Through the first five months of 2022, commercial sports betting revenue stands at $2.7bn, 78 per cent ahead of the same period during the previous year.

Online casino revenue in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia reached $406.4m in May, which represents an increase of 30.9 per cent from 2021’s five states. The activities yearly performance closes at $2.03bn through five months, up 45.6 per cent.

When combined revenue from igaming and sports betting accounted for 18.9 percent of combined commercial gaming revenue in May, which falls in-line with previous months.

Author: Ava Harvey