It was a banner year for the US gambling industry in 2022. That momentum appears to have carried over in the first month of 2023, as yet another record was set for revenue in a single month. Our friends at the American Gaming Association keep track of these sorts of things, and they report a combined $5.5 billion brought in this past January. These numbers show a year on year growth of over 21% and maintains the streak of 23 months of growth in a row. The continued growth of US gambling was apparent across all verticals in January, with…

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…

This week’s gambling news is all about the money! US gambling has just hit an all time high in revenue, with Nevada’s streak of consecutive billion dollar months leading the way! Plus, there’s a new state leader for sports betting in America! Hello friends, and welcome to This Week in Gambling, where the numbers are in and the records have been broken… and that is this week’s big story! US gambling just hit an all-time high! Casinos, sports betting, and online gaming collectively brought in $55 billion in 2022, beating the old record of $53 billion. And they did it in…

According to our friends at the American Gaming Association, US gambling revenue got the month of October rose over 10% from the previous year. That marks the 20th month of growth in a row of positive gambling news in this respect, and brings the yearly totals to just shy of $50 billion. The AGA’s Commercial Gaming Revenue Tracker reported that commercial US gambling generated $5.29 billion in October, which was the second highest total revenue total for a single month on record. In fact, the only month that generated more revenue was March of this year, when the total hit…

It’s been an amazing run for US gambling revenue, with Nevada on a streak of billion dollar months. We just reported that New Jersey is showing increased profits from last year to this year. So it should be no surprise that the country as a whole is raking in record gaming profits. Numbers provided by the American Gaming Association and their Commercial Gaming Revenue Tracker show that, as a whole, US gambling generated $4.9 billion in the month of August. It was also the 18th consecutive month that gaming revenue in America showed growth from the year before. This despite…

The amazing run for US gambling operators continued into the summer, with the month of July producing nearly a 3% increase in profits from the previous year. Those numbers made it the third highest month for gross profits of all time, according to data from our friends at the American Gaming Association. Profits for retail gambling in America just crept over the $5 billion mark in July, making it the 4th month this year to see such numbers. That means we should see another record setting year for US gambling, as the latest numbers bring year-to-date revenue numbers to well…