The quarterly report reached record highs of $13.89bn, making it the second consecutive quarter of record US commercial gaming performance.
The AGA’s Commercial Gaming Revenue Tracker provides the US gaming industry’s financial performance, based on overall state revenue reports. This year, it has recorded $38.67bn in revenue through the first nine months of the year.
The gaming industry has surpassed its generated revenue for the prior year and is set to beat its 2019 record of $43.65bn by the end of the year.
Bill Miller, AGA President and CEO, said: “Two straight quarters of record gaming revenue is an incredible accomplishment in any context, let alone after the most challenging year in industry history. Our recovery is not a flash in the pan, but rather a sustained result of our leadership in responsible reopening, world-class entertainment offerings and widespread favourability.”
Slots and table game performance has set an overall new quarterly revenue record of $12.5bn, which is an improvement from previous years. Table game revenue increased by 10%, beating its previous Q3 results in 2020.
Out of the 25 states with commercial casinos, 10 saw quarterly revenue records. Four of the highest-grossing commercial gaming states include Nevada, New Jersey, New York and Pennsylvania.
Las Vegas gaming revenue boasted an all-time high of $2.06bn. This was down to the steady return of tourism and the 9.2 million people visiting in Q3 2021. This nearly reached a 10% increase over Q2 2021.
Sports betting revenue saw low quarterly figures for 2021, with only $886.5m generated due to a limited end-of-summer sports calendar.
Q3 commercial iGaming revenue, however, was given a step ladder, reaching highs of $938.6m. Nonetheless, combined sports betting and iGaming revenue through the first nine months reached $5.36bn which was up over 200% year-on-year.
Miller continued: “With brick-and-mortar gaming setting records, the expansion into new verticals, and domestic and international tourism recovering, the industry is in a strong position for a full recovery.
“I’m confident that the return of meetings, conventions and international travel will further accelerate gaming’s recovery in 2022.”