AGA reports a US gambling sector revenue of $16b in Q2
The AGA has recently reported that gambling firms in the United States have generated more than 16 billion dollars in the second quarter of 2023.
The newly recorded revenue figure has set a new all-time high for the second quarter results of the country’s gambling industry, growing by more than 8% from the revenue of just under 15 billion dollars recorded in the second quarter of the year prior. The organization also stated that this growth also marked the sector’s 10th consecutive quarter of revenue expansion.
Moreover, this performance put the second quarter of the year in the second spot for the highest quarterly revenue of all time for the industry, behind the year’s first quarter. This made 2023’s first half the best-performing six-month period to date for US gambling firms with a revenue of more than 32.7 billion dollars, which is an increase of almost 12% from last year.
Broken down by gambling type and vertical, the AGA reported that land-based slot games generated the largest share of the total revenue at just under 8.9 billion dollars in the second quarter and 17.7 billion dollars in the first half. In terms of growth, on the other hand, the sports wagering niche took the first place, experiencing a revenue increase of more than 58% in Q2 and more than 66% in H1.