written and last updated by
Sam Smith at
21 Feb 2024
Journalist, Editorial Department
The American Gaming Association (AGA) has reported a record revenue for the U.S. gambling market in 2023, totaling $66.5 billion (over 6 trillion rubles). This figure represents a 10% increase from the previous record of $60.5 billion (5.59 trillion rubles) set in 2022.
The fourth quarter of 2023 marked a historic high, generating $17.4 billion (1.6 trillion rubles) in revenue. December was the most profitable month ever for the industry, with earnings reaching $6.2 billion (572.6 billion rubles).
The AGA also provided financial results for each sector. Notably, traditional slot machines and table games generated a record $49.4 billion (4.56 trillion rubles) in 2023, reflecting a 3.3% increase compared to 2022. Meanwhile, the iGaming market saw revenues of $6.2 billion (572.6 billion rubles), surpassing the previous year's figures by 22.9%.
In 2023, the commercial gaming industry contributed more to state and local government coffers than ever before, with operators collectively paying approximately $14.4 billion (1.3 trillion rubles) in direct taxes on gambling revenue. This amount is 9.7% higher than the previous year and does not include additional forms of taxation.
Bill Miller, President and CEO of the AGA, stated, "From traditional casinos to online options, the demand for gaming among adult Americans is at an all-time high." He emphasized that the gambling industry plays a crucial role in the success of states and cities, acting as a driving force for the economy by creating jobs and providing funding. "We take pride in being present in 47 jurisdictions across the U.S.," Miller added.
In a related note, a record jackpot of 680 million yuan was won in China, marking the largest payout in the country's history.
