The American Gaming Association reported that the sports betting revenue has experienced a significant increase of 60.8 percent, contributing to the overall industry revenue of $5.08 billion in February.
In February, the US commercial gaming industry continued its impressive streak, generating over $5 billion in revenue for the sixth consecutive month, as reported by the American Gaming Association’s (AGA) Commercial Gaming Tracker.
The industry recorded a total revenue of $5.08 billion, reflecting a 13.5 percent increase compared to the same month in 2022. However, it was slightly down from January’s figure of $5.5 billion. Despite this, the industry has maintained a remarkable trend of year-over-year growth for 24 consecutive months.
In February, 29 out of the 33 commercial gaming states that were operational a year ago experienced year-over-year revenue growth, with in-person gaming income holding the largest overall revenue share at 79.1 percent, owing to the seasonality of sports betting earnings.
Sports betting emerged as the fastest-growing vertical, with an impressive 60.8 percent annual growth, resulting in a total gross gaming revenue (GGR) of $635.1 million. Slot games also performed well, generating nearly $2.9 billion in revenue, which accounted for over half of the total GGR and marked an 8.4 percent increase. Table games followed closely, registering $812.2 million in revenue, a notable 9.1 percent year-over-year growth and serving as the second-highest revenue generator.
The iGaming operations in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia collectively recorded $465 million in revenue for February, reflecting a substantial 20.6 percent increase compared to the same period in 2022.