The American Gaming Association has noted that the US gambling industry has continued its upwards trajectory, marking eight consecutive months of revenue exceeding $5bn.
Publishing its Commerical Gaming Tracker for April, the AGA noted that commercial operators generated $5.41bn in revenue in April, up 7.8% YoY.
This also marks 26 straight months of growth as the US industry hasn’t looked back since the pandemic.
Both sports betting and igaming verticals reported their best April revenue levels ever, with all six previously mentioned igaming states declaring annual growth.
Sports betting generated $820.4m, up 55.4% year-over-year, primarily attributed to the opening of markets such as Kansas, Maryland, Massachusetts and Ohio.
Meanwhile, online casino revenue increased 21.1% YoY to hit $504.3m in April. All six states that offer online casino – New Jersey, Michigan, Pennsylvania, West Virginia, Connecticut, and Delaware – recorded annual growth to ensure that the vertical keeps its upward trajectory.
The AGA noted that although land-based operations continue to be the biggest contributor toward total revenue, the segment’s rate of growth has slowed down compared to the rise of online gaming.
Land-based casinos generated $3.77bn in revenue during April, with slot games providing $2.99bn of this total, up 1.5% YoY. table games was the only vertical to decline, as the $775m recorded was 1% down YoY.
Compared to April 2022, only seven states have experienced revenue declines in April – Florida, Iowa, Indiana, Louisiana, Maine, Missouri and Oklahoma – due to “slowdowns in the traditional casino segment” – while 26 states declared revenue improvements.
For the year-to-date, slot GGR improved by 6.2% to $11.82bn, sports betting rose by 69.1% to $3.67bn, table games grew by 3.8% to $3.28bn, and igaming increased by 22.3% to $1.99bn.