AGA Releases Revenue Figures for First Two Months of 2022

Last Tuesday, the American Gaming Association (AGA) released the revenue figures for the country’s gambling industry. According to the revenue report, commercial gambling activities in the United States had a great start in January and February.

Cumulatively, land-based casinos, sportsbooks and online betting platforms brought in a whopping $8.92 billion in revenue in the first two months of the year. This was an impressive 19 percent increase over the last record that the industry posted during the same period in 2020.

In addition to demonstrating just how lucrative the gambling sector is, the revenue figures are also an indication that the gambling sector is starting to return to its former glory following the COVID-19 pandemic.

“This record start to the year demonstrates the sustained momentum of our industry’s recovery into 2022. While it remains to be seen if we will match last year’s all-time high, it’s clear that Americans are continuing to make gaming a first-choice entertainment option.”

Bill Miller, the American Gambling Association’s president and CEO.

It is worth noting that these figures did not include the tribal gambling operations across the country. However, they have not remained behind. Many of them have reported similar increases in revenue.

Increased Consumer Spend

Another report that caught our attention was from Eilers & Krejcik Gaming, an independent American research firm. In its “Total U.S. Gambling Spend by Category – 2021” report, the firm revealed that gamers in the United States spent $147 billion on gambling activities last year. All the individual market segments benefited from this surge in interest from the American market.

Coming in at the top with a 31 percent market share were the retail commercial casinos. Land-based tribal casinos came in second with a 27 percent share of the figures. The lottery came in third with a decent 25 percent share. The total revenue from both retail and online gambling was a whopping 61 percent of the $147 billion.

Keeping that in mind, the AGA’s revenue figures seem to be right on track with the gradual growth that the gambling sector has been experiencing over the past several months. Efforts to foster recovery and get the economy back on its feet have been successful. There is certainly a lot more that needs to be done but we are off to a solid start for 2022.

More states are also starting to warm up to gambling expansion. This is especially true for the states that have either left out certain gambling verticals or stayed on the sidelines completely. With more of them on board, the gambling spend and revenue figures will be even higher.