The American Gaming Association (AGA) has noted that the commercial gaming industry in the US has cumulatively generated over $5bn in revenue for the sixth consecutive month.
Though down on January’s record $5.5bn total, the gaming industry generated $5.12bn in revenue during February, 14.5% up on the same month the year prior, according to the AGA’s Commercial Gaming Tracker.
Also marking a record for the month of February, it also marks 24 consecutive months of year-over-year growth, showing the health and growth potential of the US industry.
Sports betting was once again the fastest-growing vertical YoY, with 71.5% annual growth as total GGR reached $678.7m, as new state market launches and the increased take-up of gaming continue to push up operators’ fortunes.
However, this figure is down markedly on January’s $1.1bn as the sports season winds down and Ohio’s revenue took a sharp dip between January and February.
Slot games were the most lucrative form of gambling for operators, generating nearly $2.9bn in revenue, over half of the US total GGR and up 8.4%.
Table games yielded $812.2m, up 9.1% YoY and the second-highest generator of revenue in the US. Meanwhile, online casinos took $465m in revenue, up 20.6%.
In terms of an online vs retail split, brick-and-mortar gaming revenue accounted for 79.1% of all revenue, higher than it has been since last August, prior to the start of football season.
29 of 33 commercial gaming jurisdictions that were operational one year ago and had reported at the time of writing posted year-over-year revenue growth in February.
However, Montana, Delaware, South Dakota, and Louisiana all saw annual declines in revenue from February 2022.
