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US set gambling record in 2022 with $54.9bn spent

US set gambling record in 2022 with $54.9bn spent

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According to data collected by the American Gaming Association (AGA), casinos and mobile gaming apps in the US racked up a record $54.93bn in revenue during the first 11 months of 2022, breaking the previous annual record of $53.04bn record by 13.5%.

It is also worth noting that this number does not include the nation’s tribal casinos.

Casey Clark, a Senior VP at the AGA, was quoted as stating that the gaming industry has bounced back after a punishing pandemic-induced recession, adding: “To have already surpassed the record numbers we hit in 2021 with a month to spare is really remarkable.”

The US has 33 commercial gaming jurisdictions, with 30 reporting year-on-year revenue growth, with slots and table games generated at $43.79bn.

Nevada casinos broke last year’s revenue record of $13.4bn by over 10.2%, with gamblers spending more than $1bn a month for 21 consecutive months. New York is now the country’s largest sports betting market, with bettors wagering $16.7bn through mobile apps during the market’s first year in operation, with sportsbooks across the state generating $1.4bn off those bets.