The U.S. commercial gaming industry hit a new milestone in the first quarter of 2024, with revenue hitting a record $17.67 billion. The achievement marked the sector's 13th consecutive quarter of growth, according to the AGA's Commercial Gaming Revenue Tracker. The highlight of the first quarter was March, making it the industry's second-highest-grossing month with $6.09 billion in sales. AGA Chairman and CEO Bill Miller commented on the industry's continued growth: "While the game's momentum remains strong, 2024 will be a new baseline for future growth after years of sports betting legalization and post-pandemic consumer change. The game's continued growth will depend on sustaining our commitment to innovation and accountability." New Quarterly Record for 11 States According to a report released by the American Gaming Association, 11 state gaming markets nationwide, including major markets such as Pennsylvania and New York, set new quarterly sales records in the first quarter of 2024. Both retail and online gaming experienced annual growth, albeit at a slower pace compared to the previous quarter. Retail gaming contributed 70.7% of total sales, while online gaming had a record share of 29.3%. Offline casinos brought in $12.34 billion in revenue, a slight increase of 0.3% year-over-year. The growth was tempered by January's bad weather, which affected local markets. The sports betting industry, on the other hand, brought in $3.33 billion in revenue, 22% year-over-year, as Americans bet a record $36.86 billion on sports in the first quarter. That growth was driven in part by the launch of new markets in Kentucky, Maine, North Carolina, and Vermont. The iGaming segment posted record-high sales of $1.98 billion in the first quarter, up 26.1% year over year, driven by the market launch in Rhode Island in March. AGA's Commercial Gaming Revenue Tracker provides a comprehensive view of the financial performance of the U.S. commercial gaming industry with insights based on state revenue reports. The tracker covers first quarter 2024 results from 37 states and the District of Columbia, which include casino gaming, sports betting, and iGaming. Status report also released The AGA also released its annual State of the Union report in 2023, which provides a detailed economic and regulatory analysis of the U.S. commercial gaming industry. The report highlights a record $14.67 billion in direct game tax revenue paid to state and local governments, up 9.7% from 2022. That figure excludes billions of dollars additionally paid in other forms of taxes. Developed in partnership with VIXIO Regulatory Intelligence, AGA's annual State of the Union report details the financial performance of the commercial gaming industry. This includes an analysis of 36 jurisdictions operating commercial gaming in 2023, as well as an analysis of the legality of different gaming types and the number of casinos per week. The report also summarizes key policy discussions and predicts future opportunities and challenges for the industry. 바카라사이트 "As the game expands, more communities are benefiting than ever," Miller added. "We are proud to create jobs across the country, deliver world-class entertainment experiences that provide a safe alternative to the rampant illegal gambling market, and generate tax revenue to support critical public projects."
U.S. Commercial Game Earnings Hit All-Time Highs In Q1 2024, iGame And Sports Betting
The U.S. commercial gaming industry hit a new milestone in the first quarter of 2024, with revenue hitting a record $17.67 billion. The achievement marked the sector's 13th consecutive quarter of growth, according to the AGA's Commercial Gaming Revenue Tracker. The highlight of the first quarter was March, making it the industry's second-highest-grossing month with $6.09 billion in sales. AGA Chairman and CEO Bill Miller commented on the industry's continued growth: "While the game's momentum remains strong, 2024 will be a new baseline for future growth after years of sports betting legalization and post-pandemic consumer change. The game's continued growth will depend on sustaining our commitment to innovation and accountability." New Quarterly Record for 11 States According to a report released by the American Gaming Association, 11 state gaming markets nationwide, including major markets such as Pennsylvania and New York, set new quarterly sales records in the first quarter of 2024. Both retail and online gaming experienced annual growth, albeit at a slower pace compared to the previous quarter. Retail gaming contributed 70.7% of total sales, while online gaming had a record share of 29.3%. Offline casinos brought in $12.34 billion in revenue, a slight increase of 0.3% year-over-year. The growth was tempered by January's bad weather, which affected local markets. The sports betting industry, on the other hand, brought in $3.33 billion in revenue, 22% year-over-year, as Americans bet a record $36.86 billion on sports in the first quarter. That growth was driven in part by the launch of new markets in Kentucky, Maine, North Carolina, and Vermont. The iGaming segment posted record-high sales of $1.98 billion in the first quarter, up 26.1% year over year, driven by the market launch in Rhode Island in March. AGA's Commercial Gaming Revenue Tracker provides a comprehensive view of the financial performance of the U.S. commercial gaming industry with insights based on state revenue reports. The tracker covers first quarter 2024 results from 37 states and the District of Columbia, which include casino gaming, sports betting, and iGaming. Status report also released The AGA also released its annual State of the Union report in 2023, which provides a detailed economic and regulatory analysis of the U.S. commercial gaming industry. The report highlights a record $14.67 billion in direct game tax revenue paid to state and local governments, up 9.7% from 2022. That figure excludes billions of dollars additionally paid in other forms of taxes. Developed in partnership with VIXIO Regulatory Intelligence, AGA's annual State of the Union report details the financial performance of the commercial gaming industry. This includes an analysis of 36 jurisdictions operating commercial gaming in 2023, as well as an analysis of the legality of different gaming types and the number of casinos per week. The report also summarizes key policy discussions and predicts future opportunities and challenges for the industry. 바카라사이트 "As the game expands, more communities are benefiting than ever," Miller added. "We are proud to create jobs across the country, deliver world-class entertainment experiences that provide a safe alternative to the rampant illegal gambling market, and generate tax revenue to support critical public projects."