US Casino Industry Flourishing, 2022 Gaming Revenue Nearly $9B Through February

COVID-19 brought the commercial gaming industry to a standstill inward 2020. But 2 years later, casinos are experiencing unprecedented play.

Today, the American Gaming Association (AGA) reported gaming revenue generated by non-tribal casinos for January and Feb 2022. The trade in chemical group says porcine gaming revenue (GGR) is sour to a record book pace through and through 2 months of the year.

GGR from all verticals through and through Feb totaled $8.92 billion. That’s 34% ameliorate than the same 2 months inwards 2021 and a 19% improvement inward 2020. AGA officials say it’s the topper two-month embark on inward the chronicle of effectual play in the United States.

This tape go to the yr demonstrates the sustained momentum of our industry’s retrieval into 2022,” said Bill Miller, AGA chairperson and CEO.

The AGA compiles its data from commonwealth gaming reports. The association’s Commercial Gaming Revenue Tracker tallies GGR statistics from the 27 states that let commercial casino gambling.

The GGR weigh includes retail slots/VGTs (video gaming terminals), tabulate games, and sports betting. It to boot includes iGaming, online sports betting, and day-by-day fantasy sports. Lottery revenue is excluded.

Record Action Follows Record Year

While the track record January and Feb numbers are certainly positive word for industry stakeholders, it shouldn’t necessarily be surprising. GGR — alfresco of a pandemic — continues to increase because of the continued enlargement of gaming crossways the country.

Legal iGaming and sports betting bear on to elevate gaming numbers. The AGA reported that the 2021 commercial-grade GGR totaled $53 billion. That easy bested the previous all-time stigma of $43.65 1000000000 readiness inward pre-pandemic 2019.

With 2022 expected to come up with far fewer operating restrictions on brick-and-mortar casinos and sportsbooks, the industry is optimistic that it canful farther improve on the $53 billion mark.

While it remains to follow seen if we’ll jibe finally year’s all-time high, it’s unmortgaged that Americans are continuing to wee-wee gaming a first-choice amusement option,” Glenn Miller said.

iGaming and sports betting are playing critical roles in the ever-growing GGR numbers. Regulated sportsbooks won $957.1 meg from bettors during the firstly ii months of 2022. iGaming GGR totaled nearly $773 million.

The combined win of about $1.73 billion from sports betting and iGaming eclipses the $1.48 one thousand million land-based tabularise games generated for the house.

Quickly Things Can Change

The previous topper Jan and Feb for US commercial-grade casinos came inwards 2020. GGR during those two months totaled $7.49 billion.

But just now after February’s numbers were tallied and reported that year, the coronavirus invaded the US, and the severity of the disease was realized. Some two weeks after the register GGR process was reported, every commercial casino was shuttered to slow down the facing pages of COVID-19.

The pandemic resulted inwards commercial message casinos losing 45,600 operating years inwards 2020. Total GGR for the year totaled $30 1000000000 — a disappointing destination after a prosperous start.

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