According to the report, October was commercial gaming’s second-best month ever, as the industry hit $5.29bn in revenue (behind only March 2022, $5.35bn). Gaming revenue was up 11% year-on-year despite widespread macroeconomic concerns and October was the 20th consecutive month with year-on-year growth.

Gaming revenue grew year-on-year across all verticals in October, with nationwide iGaming revenue setting an all-time monthly record.

Combined revenue from slot machines and table games at casinos was $4.03bn, or 76.2% of total commercial gaming revenue, while sports betting grossed $804.7m (15.2% of total) and iGaming $453.1m (8.6% of total).

At the individual market level, 26 of 33 commercial gaming jurisdictions that were operational a year ago (excluding Arizona which has not reported October data) realised revenue growth compared to October 2021.

Monthly gaming win remained flat in Delaware (-3.7%), Maine (-2.8%), Missouri (-4.7%), New Jersey (-0.7%), Ohio (-0.3%), and Oklahoma (-0.4%).

The report further added that through October, the annual US sports betting handle stands at $73.11bn, a 70% increase from the same 10-month period in 2021 when 24 markets were live.

Year-to-date sports betting revenue is $5.76bn, up 78% year-over-year, while TTM revenue is $6.87 billion, a sequential gain of 5.4%.

Meanwhile, iGaming operations in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia generated a combined monthly revenue record of $453.1m, up 27% in the same month in 2021.