Commercial gaming revenue in the US posted a quarterly high of $16.6 billion in the first quarter of 2023. [Image: Shutterstock.com]
U.S. commercial gaming revenue set a new quarterly record in the first three months of 2023. The American Gaming Association (AGA) reported Tuesday that its first-quarter total was $16.6 billion, surpassing the $15.9 billion total in the fourth quarter of 2022. That represents the sector. The eighth consecutive record-breaking. One of the highlights of the recent period was its $5.9 billion gross in March, which was the highest-grossing month ever.
AGA CEO and President Bill Miller acknowledged the huge recovery since the struggles associated with the pandemic. Speaking of the sector’s strength, he said, “With records in every gaming sector—from traditional casinos to mobile games—American adults continue to choose gaming as one of their top entertainment choices.”
A record $31 billion in sports betting
Of the 35 commercial toy markets in the United States, 18 of them recorded new revenue in the first quarter. Online games had the largest share of the intake ever, making up nearly 25% of the $16.6 billion total. The record sports betting handle of $31 billion was hit during this period, bringing the segment’s revenue to $2.8 billion. iGaming revenue was up nearly 23% year-over-year to $1.5 billion.
