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This growth encompasses casino slots, table games, and retail sports betting. Land-based casinos set a quarterly record, with revenue growth accelerating from 0.9 percent in the previous quarter to 1.5 percent in Q3, reaching a total of $12.61 billion. So, what led to this impressive growth? The answer lies in the performance of various gambling verticals and the expansion of the industry into new markets. Even with potential softer Q4 revenue this year, 2023 is poised to become the third consecutive record-breaking year for the commercial gaming industry.

Total revenue for the first nine months of 2023 stands at $48.69 billion, 9.9 percent higher than the same period in 2022. State regulatory disclosures compiled by the AGA show that aggregate commercial gaming revenue generated by land-based casinos, sports betting, and iGaming reached $16.17 billion in the third quarter. This consistent growth throughout the year indicates a strong performance by the US commercial gaming industry, setting the stage for a potential record-breaking year in 2023. The total revenue for the first nine months of 2023 stands at $48.69 billion, which is 9.9 percent higher than the same period in 2022. Despite this, Q3 was the industry’s highest-grossing third quarter ever and the second-best single quarter for commercial gaming revenue. In comparison, Q3 saw a slower pace of growth than the previous quarters, with US commercial gaming revenue growing by 6.1 percent. This marked the industry’s 10th consecutive quarter of annual growth. This was followed by a strong Q2, with $16.07 billion in total revenue, an 8.1% yearly increase from Q2 2022. In Q1, the industry reached a quarterly record of $16.60 billion, marking the industry’s eighth straight record-breaking quarter. According to the tracker, US commercial gaming revenue grew by 6.1 percent in the third quarter of 2023, marking the eleventh consecutive quarter of year-over-year growth.ĭespite a slower pace of growth than in previous quarters, Q3 was the industry’s highest-grossing third quarter ever and the second-best single quarter for commercial gaming revenue. The AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the US commercial gaming industry’s financial performance based on state revenue reports. The American Gaming Association (AGA) recently reported that the US gambling industry is on track for a record-breaking year in 2023, following a strong performance in the third quarter.

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