AGA: Commercial gambling in the United States keeps momentum through November

AGA: Commercial gambling in the United States keeps momentum through November

Commercial gaming in the United States maintained its record-breaking pace into November, with the American Gaming Association’s Commercial Gaming Revenue Tracker indicating that the 30-day period was the second-highest-grossing month of the year.

Traditional casino gaming, sports betting, and igaming totaled $4.85 billion, representing a 35.3 percent year-on-year increase and 1.3 percent from October 2021.

AGA reports an upward trend for US gaming 

Before 2021, monthly commercial gaming revenue has never topped $4 billion; nevertheless, this month marks the ninth consecutive month in which that sum has exceeded $4 billion. Without December revenue, 2021 annual gaming revenue reached $48.34 billion through the end of November, surpassing the industry’s previous full-year record of $43.65 billion set in 2019 and running 21.3 percent ahead of the same eleven-month period two years ago.

On a state-by-state basis, 23 of the 26 commercial gaming jurisdictions that operated in November 2019 showed revenue growth, except for Kansas (-10.6 percent), Louisiana (-6.3 percent), and New Mexico (-6.3 percent) (-9.1 percent).

By the month’s end, 16 of 26 areas had surpassed their full-year revenue targets for 2019, while an additional five were tracking ahead of their full-year revenue targets for the same eleven-month period last year.

Additionally, the ten states of Arkansas, Colorado, Florida, Iowa, Massachusetts, Michigan, Oklahoma, Oregon, Pennsylvania, and South Dakota all exceeded their full-year gaming revenue records in November.

In the five regional markets that disclose admission data, namely Illinois, Iowa, Louisiana, Mississippi, and Missouri, casino admission levels stayed relatively stable in recent months. However, these levels are “far below” those of 2019.

In November, average gaming revenue from slots and table games per casino admission continued to exceed pre-pandemic levels, with monthly win per visitor increasing between 10.1 and 37.4 percent over 2019 averages in the five states.

Taking a broader view, brick-and-mortar slots and table games in the United States increased 12.2 percent from two years ago to close at $3.83 billion but declined 3.6 percent sequentially.

Slot Income

Slot income totaled $2.71 billion, up 14.2 percent from the previous year, while table games generated $832 million, up 17.7 percent over the same period.

Year to date, the two companies have generated combined revenue of $41.08 billion, which is close to the industry’s full-year record of $42.24 billion set in 2019 and is 6.4 percent more than the same eleven-month period last year.

igaming revenue totaled $345.8 million in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia, rising 124.2 percent year over year but down 3.2 percent from October’s record level.

Elsewhere, the NFL season saw the US sports betting market reach new heights, with the sector reporting its most considerable monthly revenue of $666.1 million, a rise of 112.8 percent over November 2020 and 48.5 percent higher than October’s record.

Combined revenue accounted for 20.9 percent of overall commercial gaming revenue in November, mainly due to sportsbooks’ record month.

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.