Sports Betting and Casino Revenue in the U.S. Tops $16 Billion in Q2 2023

Based on the Q2 2023 Commercial Gaming Revenue Report by the AGA, there was an 8.1% increase in total revenue compared to the corresponding period last year.

Last Updated: Sep 15, 2023 1:51 PM ET Read Time: 4 min
Bryce Harper Phialdelphia Phillies NFL
Photo By - USA TODAY Sports

U.S. commercial gaming revenue surpassed $16 billion in the second quarter of 2023, marking the 10th consecutive quarter of annual legal sports betting growth.

According to the American Gaming Association's Q2 2023 Commercial Gaming Revenue Report, total revenue increased 8.1% over the same period last year, marking a second-quarter record of $16.07 billion. Sports betting gross gaming revenue (GGR) went up by 58.5%, while slot and table game GGR grew by low single digits. 

The revenue from online gaming spiked 43.1%, driven in part by the introduction of online sports betting sites in Kansas, Maryland, Massachusetts, and Ohio. Meanwhile, an estimated $7.28 billion in direct gaming tax revenue was generated for state and local governments throughout the first half of the year. 

“While commercial gaming is on track for an unprecedented third consecutive year of record revenue, the lasting impact we’re making on our communities through this record growth is even more impressive,” said AGA President Bill Miller in a press release.

Traditional casinos challenged by online and geographic competitors 

The AGA’s Commercial Gaming Revenue Tracker provides state-by-state commercial gaming data, comprising 34 states and the District of Columbia. Predictably, states with newly launched online gaming — like Massachusetts — were some of the country’s fastest revenue growers. 

States with the Highest Q2 Revenue Increase:

States without an online sports betting or iGaming option tended to see slower growth, especially if they had to contend with new competition from border states. For instance, Mississippi — a state without a legalized online gambling option — had increased competition from Arkansas.

Mississippi’s northern casino region’s revenue was down more than 13% for the first half of 2023, while nearby Arkansas’ traditional casino revenue rose by more than 19%.

Likewise, Indiana’s revenue decline was driven by a drop in the Chicagoland market after two new Illinois casinos opened nearby. 

States with the Highest Q2 Decrease:

Nationwide, Americans bet $23.1 billion on sports in the second quarter, up 19.7% compared to the same time last year.

With a new NFL season now underway, this number is likely to jump in the third quarter. This should almost guarantee another consecutive quarter of annual commercial gaming revenue growth. 

Google News
Stay updated with the latest picks, odds, and news! Tap the star to add us to your favorites on Google News to never miss a story.

Pages related to this topic

Popular Content

Covers 25 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
Covers is verified safe by: Evalon Logo GPWA Logo GDPR Logo GeoTrust Logo Evalon Logo