US commercial gaming sector posts strong results for July, says AGA

The American Gaming Association (AGA), the United States gambling industry association, released its latest Revenue Tracker report, revealing details regarding the performance of the US commercial gaming industry's financial performance for the month of July. Based on the Association's recent report, the total gross gaming revenue (GGR) reported by the US commercial gaming sector hit $5.39 billion this July.

A comparison to the corresponding period last year shows that this year, an increase of 5.9% is observed. Despite the growth, the report released by AGA explains: "The pace of annual revenue growth has continued to decline nearly every month since the start of the year." Additionally, the association pointed out: "This deceleration is due in large part to more normalized post-pandemic annual comparisons which will persist going forward."

A breakdown provided by the AGA reveals that sports betting and iGaming reported the highest year-over-year increase in GGR. The recently released report by the Association shows that sports betting GGR this July skyrocketed to $497.7 million. This result, compared to the figure from July 2022 marks a growth of 28.4%. Similarly, iGaming revenue increased exponentially this July, hitting $481.5 million, up by 22.7% year-over-year.

A further breakdown provided by the AGA reveals that the land-based sector performed well too. Table games GGR this year in July hit $976.3 million, while slot GGR hit $3.13 billion in GGR. Comparing those results year-over-year to the corresponding period in 2022, an increase is observed of 1.7% and 3.2% respectively. Combining the casino slot and table games GGR posted this July makes $4.4 billion, a figure which according to the AGA represents a new all-time monthly record. "This surge in revenue was propelled by seasonal travel trends and the addition of several new physical casino properties," it explained.

In addition to insight into the performance of the US commercial gaming sector in July, the AGA released details regarding its performance between January and July this year. Overall, the total reported GGR between January and July this year hit $37.91 billion, a result that marked an 11% increase year-over-year compared to the same period in 2022.

Not unexpectedly, sports betting GGR skyrocketed between January and July this year, marking a 63.1% increase year-over-year to $5.46 billion. Another strong growth was observed in terms of iGaming GGR which increased by 22.6% between January and July this year to $3.45 billion. Last but not least, table game GGR increased by 1.6% to $5.94 billion, while slot GGR hit $20.84 billion, up by 4.7% year-over-year.

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