U.S. Commercial Gaming Sets Record GGR in Q2 2022
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Federal officials revealed last week that US Commercial Gaming revenue had a record-breaking quarter from April-June 2022.
According to the American Gaming Association Commercial Gaming Revenue tracker, nationwide commercial gaming revenue totaled $14.81 billion, topping the previous all-time quarterly mark set in Q4 2021 by 3.3%. The Q2 2022 GGR was also 8.8% better than the previous year’s total for the same period.
In a statement, AGA President and CEO Bill Miller said:
“Q2’s results mark a 16-month period of gains for commercial gaming. With increasingly difficult year-over-year comparisons, our strength through the first half of 2022 reflects sustained consumer demand for legal options as well as gaming’s record popularity.”
Nine States Experienced Record Quarters
A total of 22 out of 31 commercial gaming states operating during the same period last year saw their revenues increase during Q2 2022. Nine of those 22 states delivered record quarters. Those states are Arkansas, Iowa, Maryland, Massachusetts, Nevada, New York, Oklahoma, Oregon, and Pennsylvania.
As expected, traditional casino gaming was the main driver of the Q2 2022 success with land-based slot machines producing a GGR of $8.7 billion, a 0.2% increase from last year. Meanwhile, table games generated a $2.54 billion GGR which is up 18% from last year’s figures. The GGR of both verticals is also an all-time quarterly record for the industry.
Meanwhile, the sports betting GGR of $1.42 billion was a 58% hike from the previous year’s numbers while iGaming climbed 34% to an all-time high of $1.2 billion, beating the previous record set during Q1 2022.
Tribal Gaming Also Set Records in Fiscal Year 2021
The AGA’s report came shortly after the National Indian Gaming Commission ( NIGC ) revealed that Tribal Gaming in the United States enjoyed a record-breaking period during the fiscal year 2021.
Per the NIGC, Tribal casinos and other venues produced $39 billion in gross gaming revenues (GGR) for the fiscal year 2021. That amount represented a 40% improvement from the $27.8 billion won during the previous fiscal period which was affected by the COVID-19 pandemic.
There was however a disparity that existed among the Tribal entities last year as 43 operators, representing 8% of the total tribal gaming entities, combined to produce more than half of last year’s tribal GGR at 52% while the bottom 55% of the tribal casinos generated only 6% of the total.
