Tag: american gaming association
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…
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…
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…
33 Million Americans Plan to Bet on the NFL This Year
Approximately 13 percent of American adults plan to bet on the NFL this year despite lower enthusiasm from fans in general about the 2020-21 season, according to a new survey from the American Gaming Association (AGA). Of the estimated 33.2 million adults who plan to bet on this NFL season: 20 percent (6.6 million) will wager at physical, legal sportsbooks, up from 18 percent last year. 34 percent (11.3 million) will place a bet through legal and illegal online platforms, up from 29 percent. 18 percent (6 million) will wager with a bookie, either in person or via a mobile…
The Congressional Gaming Caucus Returns
The Congressional Gaming Caucus may sound boring, but it’s benefit on the gaming industry could be very significant. We speak with Casey Clark, Senior Vice President for Strategic Communications at the American Gaming Association, about the purpose and potential impact of the Caucus. The AGA congratulates co-chairs Rep. Bennie Thompson (MS-02) and Rep. Guy Reschenthaler (PA-14) for relaunching the Caucus for the 116th Congress. The caucus, comprised of a broad representation of more than 30 members of Congress from across the country, will serve as a platform to discuss federal policy issues related to the U.S. casino industry and…
Sports Bettors Abandoning Bookies for Legal Market
New American Gaming Association (AGA) research shows sports bettors are moving their business away from illegal bookies and toward legal options. Average spending with illegal bookies fell 25 percent in legal sports betting states last year, while legal online and mobile betting spend increased 12 percent. Illegal offshore operators also saw a three percent increase in states with legal sports betting. The most influential factors for bettors who had shifted from the illegal to legal market are confidence that bets will be paid out (25%), awareness of legal options (20%), and a desire to use a regulated book (19%). “We’ve known…