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AGA: March, April, May each surpass $5bn in gaming revenue

March, April and May 2022 have been the best three gaming months in industry history, with each surpassing gaming revenue of $5bn.

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The record-breaking figures from the American Gaming Association (AGA) come despite “macroeconomic challenges and increasingly tougher year-over-year comparisons.”

The association’s Commercial Gaming Revenue Tracker features state-by-state and nationwide financial performance data, with breakdowns for individual gaming verticals.

In May 2022, combined commercial land-based casinos, sportsbooks and internet casinos realised gaming revenue of $5.03bn, a record for the month and the second-highest month in history.

Slot GGR was down 0.1% year-on-year to $2.94bn, with Table Game GGR climbing 11% to $873.9m. Sports Betting GGR grew 78% year-on-year to $487.5m, while iGaming GGR grew 31% to $406.4m.

Revenue in the first five months of the year amounted to $24.4bn, which was a 21% increase from the same period in 2021. This comes despite challenges such as “supply chain issues, labour shortages and inflation persist.”

A total of 18 of the 31 commercial gaming states that were operational a year ago saw revenue growth from May 2021, while 22 of 25 states saw annual revenue growth from traditional gaming through the first five months of 2022.

After the first five months of 2022, only four states are behind their revenue pace at the start of 2021; the District of Columbia, Kansas, Mississippi, and South Dakota, with the slowdown in the last three states a reflection of tougher than average comparisons as Covid restrictions in the three states were eased earlier in 2021 compared to most other gaming jurisdictions.

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