US October Gaming Revenues Top $5 Billion

The American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker follows nationwide financial performance data with breakdowns for individual gaming verticals. Below is the latest figures for October.

October 2022 Commercial Gaming Revenue
The U.S. commercial gaming industry maintained its momentum in October with revenue reaching $5.29 billion, increasing 10.5 percent year-over-year and marking 20 consecutive months of growth. October was the industry’s second highest grossing month on record, only eclipsed by March 2022 ($5.35B).

As 2022 draws to a close, the gaming industry remains on track for another record-setting year. Over the first ten months, commercial gaming revenue totaled $49.85 billion, 14.7 percent ahead of the same 10-month period in 2021.

Gaming revenue grew year-over-year across all verticals in October, with nationwide iGaming revenue setting an all-time monthly record. Combined revenue from slot machines and table games at casinos was $4.03 billion, or 76.2 percent of total commercial gaming revenue, while sports betting grossed $804.7 million (15.2% of total) and iGaming $453.1 million (8.6% of total).

Together, sports betting and iGaming combined for $1.26 billion in October revenue, composing nearly a quarter (23.8%) of total gaming revenue. Largely driven by a busy sports calendar, September and October have seen the highest proportion of commercial gaming revenue come from these emerging verticals since the peak of pandemic-driven casino closures in 2020.

Meanwhile, trailing 12-month (TTM) revenue, covering the past twelve consecutive months from November 2021 through October 2022, was $59.42 billion. TTM revenue increased about one percent sequentially, i.e. compared to the preceding TTM period (October 2021-September 2022) reflecting the industry’s continuing expansion.

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