Tag: aga
Record US Gaming Revenue for Q1 2024
Commercial US gaming revenue continued its slow growth during the first quarter of this year, but still managed to expand by a healthy margin compared to the same time last year. This according to data compiled by the American Gaming Association from state regulatory disclosures. The industry realized year-over-year growth across both land-based and online gaming, though at slower rates than in the recent past. The numbers shows that combined US gaming revenue from commercially operated land-based casinos, sports betting and iGaming increased by 5.6% year-over-year, reaching nearly $17.7 billion for the first quarter. It was also the 13th consecutive…
US Gambling Clears $60 Billion in 2022
Last year, commercial US gambling was able to top $60 billion for the first time ever. That shatters the previous figure of $53 billion set just a year earlier. The information was accumulated and reported by the Commercial Gaming Revenue Tracking at the American Gaming Association. The actual total for 2023 was $60.4 billion, which came largely from sports betting and online gambling. Both sectors reported single-quarter highs, However, land based gambling at casinos, poker rooms, and sports books still accounted for over 80% of the total revenue. While it’s encouraging to see online games continue to grow as a…
NBA Joins the Bet Responsibly Campaign
The National Basketball Association has joined our friends at the American Gaming Association and their Have A Game Plan: Bet Responsibly public service campaign. Through the partnership, the NBA and AGA will educate basketball fans on the fundamentals of responsible sports wagering by providing turnkey resources for use by the league’s 30 teams. Campaign content will include in-venue, broadcast, digital and social media promotion. Launched in 2019, AGA’s Bet Responsibly campaign unites the sports betting ecosystem around a common consumer education platform, focusing on the four principles of responsible wagering for those who choose to bet: Set a budget and…
American Betting at $500 Billion a Year Illegally
Now we know. , and now the American Gaming Association has the data. Even with expanded gambling across the country, illegal American betting has not slowed down. Right now, folks in the United States are placing half a trillion dollars a year with offshore online sites, unregulated gaming machines, and even the neighborhood bookie. This according to a new report from the American Gaming Association. That report making gambling headlines showed that unregulated American betting robs state governments of $13.3 billion in tax revenue annually, nearly $2.5 billion more than legal operators generated in 2021 ($11.7 billion). It also costs…
Countdown to the Global Gaming Expo
The Global Gaming Expo is set to open on Monday of next week. The event is presented by the American Gaming Association and welcomes Wynn Resorts’ Craig Billings, FanDuel’s Amy Howe, Bally’s Corporation Soo Kim, DraftKings’ Jason Robins, Circa Resort and Casino’s Derek Stevens, and PENN Entertainment’s Jay Snowden to the G2E 2022 keynote stage. With decades of combined experience leading gaming operations and business across national, regional, and online markets, the group will provide insights on the current landscape and direction of the industry when G2E 2022 returns to Las Vegas, and runs from October 10th through the 13th…
Six States Vote to Approve Gambling Expansion
Voters across America have made their decisions on gambling expansion in their states. They went to the polls in Colorado, Nebraska, and Virginia to approve expanded casino gaming. Meanwhile, residents of Louisiana, Maryland, and South Dakota approved ballot measures to legalizing sports betting. With those results, more Americans have welcomed gaming and entertainment to their communities that will also provide new jobs and tax revenue. Some form of legal gaming is currently authorized in 44 states, and 45% of American adults live in states that provide the safeguards of a legal, regulated sports betting market. Our friends at the American…