Despite “early indicators of a slowdown in the fourth quarter,” the industry is now expected to deliver its third straight record year in 2023, with revenues coming in around 10% ahead of 2022 in September.
“With growth across land-based and online gaming, we are delivering career opportunities for millions of Americans and strong economic contributions to communities across the country through increased tax revenue,” said AGA president and CEO Bill Miller (pictured).
“Our sustained momentum reflects gaming as a first-choice entertainment option for millions of American adults.”
Revenue breakdown
US land-based casinos continued to drive the lion’s share of nationwide revenue throughout the quarter, delivering $8.98bn in land-based slot GGR, up 1.7%, and $2.64bn in table game GGR, up 3.8%.
Sports betting, meanwhile, delivered $2.15bn in revenue across both land-based and online, amid year-on-year growth of 22.8%.
The iGaming sector delivered a further $1.52bn amid year-on-year growth of 26%.
Those figures brought the total US commercial GGR for the first nine months of 2023 to $46.69bn, up 9.9% year-on-year.
Of the nine-month total, $26.7bn came from land-based slots, up 3.8%, $7.6bn from table games, up 2.3%, $7.11bn from sports betting, up 51%, and $4.49bn from iGaming, up 23.8%.
Geographical breakdown
Among the 33 commercial gaming jurisdictions that were operational one year ago and had comparable data up to September, 17 experienced year-on-year growth.
Five states set new single-quarter records including the two largest US commercial gaming jurisdictions, New Jersey and Nevada.Nevada revenue grew by 2.9% to $3.88bn, aided by a record-breaking quarter for casinos on the Strip, which generated $724.1m, and the highest level of baccarat win in state history at $458.4m.
Meanwhile, New Jersey GGR totalled $1.56bn amid year-on-year growth of 8.6%, as the state delivered new quarterly highs for both iGaming and sports betting.
Atlantic City casinos also delivered their second-best ever quarter for land-based slots and table games, as they generated GGR of $816.8m.
As for those states where revenue fell year-on-year, most saw just low single-digit declines, with the three biggest drops coming from Montana (down 6.9%), New Hampshire (down 18.7%) and Washington DC (down 33.2%).
Sports betting and iGaming growth
Sports betting GGR nationwide saw a year-on-year increase of 22.8% to $2.15bn in Q3.
According to the AGA, that growth was driven principally by the addition of new markets in Maryland, Massachusetts, Nebraska and Ohio, whose sports betting markets were not live in Q3 2022.
Excluding those new markets, Q3 2023 sports betting GGR was up by 2.7% year-on-year.
Meanwhile in the iGaming sector, GGR reached $1.52bn amid year-on-year growth of 22.6%, setting a new single-quarter record.
At the state level, the sector delivered new quarterly records in Connecticut, New Jersey and Pennsylvania.
The sector is on track to deliver another record year, according to the AGA, with year-to-date revenue standing at $4.49bn, up 23.8% year-on-year.
