The states with the most gambling revenue growth in 2023
Published in Slideshow World
Gambling in the United States has boomed since the coronavirus pandemic shrunk revenue to $29.98 billion in 2020, dropping a staggering 31.3% from the previous year.
It has grown so much that gaming—comprised of casino slots and table games, sports betting, and iGaming—set a revenue record in each of the past three years, reaching $66.52 billion in 2023, up 10% from 2022, according to the American Gaming Association. If you include expected tribal gaming revenue from the National Indian Gaming Commission, likely to be released in the summer, that total soars to about $110 billion.
Sports betting and iGaming drove last year's expansion with revenue records and year-over-year increases of 44.5% and 22.9%, while slots and table games also set a revenue record and grew by 3.3%. The jump was spurred by monthly and quarterly records at the end of the year as well, which amounted to $6.22 billion in December and $17.42 billion in the fourth quarter, respectively.
The Las Vegas Strip and Cleveland showed the biggest gains among the top 20 casino gaming markets, while the state leader in growth was Nebraska, which quintupled in growth. Virginia, Oregon, Massachusetts, and Ohio showed outsize development too. Only three states produced less revenue than they had the previous year.
It was a good year for gambling in 2023. To get a clearer picture, ATS.io mapped state-by-state commercial gaming revenue growth in 2023 using year-over-year data from the American Gaming Association.
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