“Consumers continue to seek gaming entertainment options in record numbers,” said AGA’s President and CEO. Bill Miller. “Strong first quarter results build on the industry’s record year of 2021 despite continued headwinds from supply chain constraints, labor shortages and the impact of soaring inflation.”
The AGM also released today the annual report State of the States Reportwhich details the industry’s remarkable recovery throughout 2021.
Commercial Game Revenue Tracking
Total commercial game revenue for the first quarter of 2022 increased nearly 29% year-over-year. Nearly all commercial gaming jurisdictions (32 out of 34) topped last year’s first quarter revenue and three quarterly records were set: Arkansas ($147.4M), Florida ($182.0 million) and New York ($996.6 million).
Sports betting and iGaming continued to see phenomenal growth, with both verticals setting all-time quarterly records, while land-based gaming posted quarterly growth amid a traditional seasonal slowdown.
“Four years after PASPA, the success of legal sports betting proves what we’ve known all along: American consumers are eager to bet within the protections of the regulated market,” Miller added. “It also reinforces the need to root out illegal offshore operators who prey on vulnerable customers.”
State of the States 2022
AGA just released state of states The report explores the industry’s remarkable rebound in 2021. Highlights of this year’s report, which serves as the definitive economic and regulatory analysis of commercial gaming in the United States by state, include:
- 2021 set a new annual record for commercial games, reaching $53.03 billion, an increase of 21.5% from the previous peak in 2019.
- Commercial gaming operations generated a record $11.69 billion in direct gaming tax revenue paid to states and local governments, up 75% from 2020 and 15% from 2019. This does not include the additional billions paid in income taxes, sales or otherwise.
- Top 10 Commercial Gaming Markets for 2021: (1) Las Vegas Strip, (2) Atlantic City(3)Chicagoland, (4) Baltimore-Washington DC(5) Gulf Coast, (6) New York City(7) philadelphia cream(8) Detroit(9) Saint Louis and (10) Boulder Band.
“The success of our industry goes beyond the bottom line and into communities across the country. Record state and local tax contributions fund vital services, infrastructure and education to healthcare and emergency services,” Miller explained on the state of states report.
About Commercial Game Revenue Tracking
AGM Commercial Game Revenue Tracking provides a state-by-state and cumulative overview of the financial performance of the US commercial gaming industry based on state revenue reports. This issue presents the results for the first quarter of 2022, covering From January 1 to March 31, 2022. Thirty-three states and the District of Colombia presented the operating markets for commercial games in the first quarter of 2022, including casino games, sports betting and iGaming.
On state of states
Annual AGM state of states report details the financial performance of the commercial gambling industry, including analyzes of each of the 34 jurisdictions with commercial gambling operations in 2021. The report, compiled with VIXIO Gaming Compliance, also provides a breakdown of the legality of gambling types and number of casinos by state, summarizes key gambling policy discussions, and outlines opportunities and challenges for the industry. The companion State of play map provides the report’s findings, as well as key regulatory and statutory requirements for each state, in an easy-to-use interactive tool.
About the AGM
the American Gaming Association (AGA) is the leading national trade group representing the $261 billion US casino industry, which supports 1.8 million jobs nationwide. Members of the AGA include commercial and tribal casino operators, vendors and other entities affiliated with the gaming industry. It is the mission of the AGA to put in place sound policies and regulations consistent with the modern appeal of casino games and their vast economic contributions.
SOURCE American Gaming Association