“Shoppers proceed to hunt out gaming’s leisure choices in file numbers,” mentioned AGA President and CEO Invoice Miller. “Q1’s sturdy outcomes construct on the business’s file yr in 2021 regardless of continued headwinds from provide chain constraints, labor shortages, and the affect of hovering inflation.”
The AGA additionally launched right now the annual State of the States report, which particulars the exceptional business restoration all through 2021.
Business Gaming Income Tracker
Whole industrial gaming income for Q1 2022 elevated practically 29 p.c year-over-year. Practically each (32 of 34) industrial gaming jurisdiction surpassed Q1 income from final yr and three set quarterly information: Arkansas ($147.4M), Florida ($182.0M) and New York ($996.6M).
Sports activities betting and iGaming continued to expertise great progress, with each verticals setting all-time quarterly information, whereas land-based gaming confirmed quarterly progress amidst a conventional seasonal slowdown.
“4 years post-PASPA, authorized sports activities betting’s success is proving what we have recognized all alongside: American customers are desperate to wager inside the protections of the regulated market,” Miller added. “It additionally reinforces the necessity to stamp out offshore, unlawful operators who prey on weak prospects.”
State of the States 2022
AGA’s newly launched State of the States report explores the business’s exceptional bounce again in 2021. Highlights from this yr’s report, which serves because the definitive financial and regulatory evaluation of U.S. industrial gaming by state, embrace:
- 2021 set a brand new annual file for industrial gaming, reaching $53.03 billion—a 21.5 p.c improve from the earlier excessive in 2019.
- Business gaming operations generated a file $11.69 billion in direct gaming tax income paid to state and native governments—up 75 p.c from 2020 and 15 p.c from 2019. This doesn’t embrace the billions extra paid in revenue, gross sales or different taxes.
- The highest 10 industrial gaming markets for 2021: (1) Las Vegas Strip, (2) Atlantic Metropolis, (3) Chicagoland, (4) Baltimore-Washington D.C., (5) Gulf Coast, (6) New York Metropolis, (7) Philadelphia, (8) Detroit, (9) St. Louis and (10) Boulder Strip.
“Our business’s success goes past the underside line and into communities throughout the nation. The file state and native tax contributions fund very important providers from infrastructure and schooling to healthcare and emergency providers,” Miller mirrored on the State of the States report.
In regards to the Business Gaming Income Tracker
AGA’s Commercial Gaming Revenue Tracker offers state-by-state and cumulative perception into the U.S. industrial gaming business’s monetary efficiency based mostly on state income studies. This concern highlights first quarter 2022 outcomes, protecting January 1 by means of March 31, 2022. Thirty-three states and the District of Columbia featured operational industrial gaming markets in Q1 2022, together with on line casino gaming, sports activities betting and iGaming.
About State of the States
AGA’s annual State of the States report particulars the industrial gaming business’s monetary efficiency, together with analyses of every of the 34 jurisdictions with industrial gaming operations in 2021. The report, developed with VIXIO GamblingCompliance, additionally offers a breakdown of the legality of varieties of gaming and variety of casinos by state, summarizes main gaming coverage discussions, and previews alternatives and challenges for the business. The companion State of Play map offers the report findings, in addition to key regulatory and statutory necessities for every state, in an easy-to-use, interactive software.
In regards to the AGA
The American Gaming Association (AGA) is the premier nationwide commerce group representing the $261 billion U.S. on line casino business, which helps 1.8 million jobs nationwide. AGA members embrace industrial and tribal on line casino operators, suppliers, and different entities affiliated with the gaming business. It’s the mission of the AGA to realize sound insurance policies and laws in keeping with on line casino gaming’s fashionable attraction and huge financial contributions.
SOURCE American Gaming Affiliation