{"id":132,"date":"2024-06-15T07:21:58","date_gmt":"2024-06-15T04:21:58","guid":{"rendered":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/15\/us-gaming-industry-reports-record-revenue-and-growth-in-2023\/"},"modified":"2024-06-17T12:58:12","modified_gmt":"2024-06-17T09:58:12","slug":"us-gaming-industry-reports-record-revenue-and-growth-in-2023","status":"publish","type":"post","link":"https:\/\/7bitnodepositbonus.icu\/2024\/06\/15\/us-gaming-industry-reports-record-revenue-and-growth-in-2023\/","title":{"rendered":"US Gaming Industry Reports Record Revenue and Growth in 2023"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/KJY5WpjzUJU\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The US gaming sector is experiencing a period of remarkable prosperity, as indicated by the American Gaming Association&#8217;s (AGA) recently published Q1 2023 report. The study reveals that commercial gaming revenue across the nation reached an unprecedented $16.47 billion, representing a substantial 14.6% surge in comparison to the corresponding period in the preceding year. This achievement marks the eighth consecutive quarter of expansion, with March alone generating an impressive $5.9 billion.<\/p>\n<p>Nevada played a pivotal role in driving this growth, amassing $1.32 billion in March, as per data from the Nevada Gaming Control Board.  However, this surge in prosperity extended beyond a single state.  Among the 35 commercial gaming markets monitored by the AGA, 18 reported new revenue milestones. Online gaming continues to gain momentum, constituting nearly a quarter (24.7%) of the overall revenue, with iGaming alone generating $1.5 billion.<\/p>\n<p>Sports betting also experienced a phenomenal quarter, registering a record $31.1 billion in wagers, partly attributed to the emergence of several new markets. This translated to $2.7 billion in revenue, a staggering 64.2% year-over-year increase.  Despite the increasing popularity of online platforms, physical casinos have not lost their allure. Slot machines and table games collectively generated $12.3 billion.<\/p>\n<p>Bill Miller, President and CEO of the AGA, aptly summarized the industry&#8217;s triumph, stating, &#8220;Following two years of obstacles stemming from the pandemic, the US gaming industry has emerged more robust than ever.&#8221; <\/p>\n<p>The United States gaming sector, encompassing physical casinos and digital platforms, is experiencing rapid expansion. Adults clearly view gaming as a leading leisure activity.<\/p>\n<p>A report titled &#8220;State of the States&#8221; by the American Gaming Association disclosed that commercial gaming revenue reached an unprecedented $60.4 billion in 2022, exceeding the prior year&#8217;s $53 billion. This prosperity generated substantial tax income for state and local administrations, with commercial gaming enterprises contributing $13.5 billion after accounting for income and sales taxes.<\/p>\n<p>The President and CEO of the AGA, Bill Miller, highlighted the industry&#8217;s dedication to its localities, remarking, &#8220;As a major taxpayer nationwide, we understand that our industry&#8217;s achievements are inherently tied to the welfare of our communities.&#8221; He continued, &#8220;In addition to our significant tax payments, our industry is deeply embedded in local areas, fostering economic progress through employment opportunities, backing local charities and non-profits, and establishing a high standard for corporate social accountability.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US gaming sector is experiencing a period of remarkable prosperity, as indicated by the American Gaming Association&#8217;s (AGA) recently published Q1 2023 report. The study reveals that commercial gaming revenue across the nation reached an unprecedented $16.47 billion, representing a substantial 14.6% surge in comparison to the corresponding period in the preceding year. This [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Gaming Booms: Record $16.47 Billion Revenue in Q1 2023<\/title>\n<meta name=\"description\" content=\"The US gaming industry is on fire! \ud83d\udd25 New data shows Q1 2023 revenue hit a record-breaking $16.47 billion, marking the eighth straight quarter of growth. Is this a hot streak or the new normal? 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