US gambling revenue surpasses $16b in Q3 according to AGA

US gambling revenue surpasses $16b in Q3 according to AGA

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US gambling revenue surpasses $16b in Q3 according to AGA

AGA’s latest quarterly report highlighted a US gambling revenue of 16.17 billion dollars in the third quarter of the year.

The market’s Q3 revenue figure represented an increase of just over 6% when compared to its performance in the third quarter of last year and marked the 11th consecutive quarterly revenue increase. Moreover, this year’s third quarter set a new record for the US gambling industry’s performance in the period along with solidifying itself as the market’s second-best-performing quarter in terms of revenue, being surpassed only by 2023’s first three months.

The AGA then highlighted that industry firms paid approximately 3.4 billion dollars in taxes throughout the period, up from last year by a bit less than 5%. The Association also mentioned that the sector’s growth was spread across all of its verticals, with both online and retail businesses generating record quarterly revenues in the three months.

Lastly, the report also highlighted that the market’s revenue in 2023 is estimated to represent a year-on-year increase of just under 10%, marking the third consecutive record-setting year in terms of the US gambling sector’s revenue. Additionally, the market is estimated to achieve this growth despite the presence of early signs that point to a growth decrease in the fourth quarter of the year.

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