The hub of gambling in the country, Nevada surpassed last year’s revenue of $13.4 billion by over 10.2%. Sportsbook generated a total of $1.4 billion in 2022. A total of $16.7 billion in revenue was generated through mobile apps in the state, as reported by the New York Gaming Commission. New York has emerged as the country’s largest sports betting market in 2022. The revenue reported was 6.7% more compared to the revenue in 2021 for the same duration.

In the US gambling market, slot machines and tables generated the highest revenue of $43.49 billion in 2022.

The 2022 revenue has surpassed the $53.04 billion record of 2021, by 13.5%. According to the American Gaming Association, the US casino and mobile gaming apps generated a record-breaking revenue of $54.93 billion in 11 months of 2022. US Reports Record-Breaking Gaming Revenue in 2022Īccording to an article by Forbes, published on January 13, 2023, Americans betted a staggering amount of money in 2022. The growth of the segment can be attributed to the integration of technology in casino gaming and advances in gaming software.

Commercial casinos offer an enhanced entertainment experience for customers and attract a broader clientele, from VIPs to casual players. It has grown tremendously since then and is expected to retain its growth over the forecasted period. The segment was worth $20.42 billion in 2017. The commercial segment is expected to grow at a substantial rate over the forecasted period. Segment-wise, the market is categorized into commercial, tribal, i-gaming, and limited stakes. Online casino gaming is a major trend in the industry that is contributing to market growth, driven by enhanced security of online platforms. Another major factor fueling the growth in the market is the rise in dual-income households, leading to higher per capita disposable income, and hence increasing the affordability of luxury items. The growth can be attributed to the increase in the spending capabilities of customers.

According to a report by Technavio, the US casino market is expected to grow by $11.42 billion at a CAGR of 4% from 2023 to 2027.

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