written and last updated by
Sam Smith at
13 Jan 2023
Journalist, Editorial Department
The American Gaming Association (AGA) has conducted a study revealing the revenue generated by the gambling industry across individual states and nationwide. By the end of 2022, this commercial sector in the U.S. showed a year-over-year growth of 2.4%.
November marked the 21st consecutive month of growth for the gambling industry in Europe, with national winnings from casinos, sports betting, and iGaming reaching $5.02 billion during this period.
According to the AGA, the industry's revenue for the first 11 months of 2022 totaled $54.93 billion, reflecting a 13.5% increase compared to the previous year, surpassing the record results of 2021 when the gaming industry earned $53.04 billion.
The AGA also noted that 21 out of 33 commercial gaming jurisdictions, where gambling was legal a year ago, reported year-over-year revenue increases in November, contributing to the overall growth of gambling in the United States. However, some regions experienced declines, including Nevada, where revenue fell by 7.6% compared to November 2021, despite an increase in visitors to Las Vegas.
Slot machines and table games accounted for the majority of revenue in the first eleven months of 2022, generating a total of $43.79 billion, which is a 6.7% increase from 2021.
Revenue from sports betting is also on the rise, fueled by a busy schedule of professional sporting events and the introduction of new jurisdictions. As a result, sports betting activity in the U.S. surged by 27%, with the entire sector recording a record revenue of $6.56 billion for the year.
The AGA highlighted that iGaming operations continue to grow in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia. The online gambling industry reported monthly revenue of $458.4 million and $4.54 billion from January to November 2022, marking a 36.3% increase compared to the same period in 2021.
The AGA concluded that sports betting and iGaming together accounted for nearly a quarter of November's revenue (23.9%) and one-fifth of the turnover at the beginning of the year (20.2%).
Previously, we reported that a new record for gambling revenue was set in the United States.