{"id":26,"date":"2024-06-11T10:07:04","date_gmt":"2024-06-11T07:07:04","guid":{"rendered":"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/11\/us-gaming-industry-shatters-revenue-records-in-q1-2023\/"},"modified":"2024-06-12T10:38:38","modified_gmt":"2024-06-12T07:38:38","slug":"us-gaming-industry-shatters-revenue-records-in-q1-2023","status":"publish","type":"post","link":"https:\/\/katscasinonodepositbonus.icu\/2024\/06\/11\/us-gaming-industry-shatters-revenue-records-in-q1-2023\/","title":{"rendered":"US Gaming Industry Shatters Revenue Records in Q1 2023"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/ojIshfrfp_8\"\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 flourishing, according to the American Gaming Association&#8217;s (AGA) Q1 2023 report.  The report, a component of the AGA&#8217;s Commercial Gaming Revenue Tracker, indicates that national commercial gaming revenue hit an unprecedented $16.47 billion, a 14.6% surge compared to the corresponding period last year. This signifies the eighth consecutive quarter of all-time high revenue for the sector.<\/p>\n<p>March alone witnessed a remarkable $5.9 billion in revenue, partly driven by Nevada&#8217;s extraordinary $13.2 billion in gaming revenue for the month, as documented by the Nevada Gaming Control Board.<\/p>\n<p>The report, encompassing 35 commercial gaming jurisdictions across the US, emphasized that 18 of these jurisdictions achieved their highest-ever revenue.  Internet gaming persists as a substantial growth catalyst, representing 24.7% of overall revenue.  iGaming independently generated $1.5 billion.<\/p>\n<p>Sports wagering also attained new milestones, with an unparalleled $31.1 billion wagered as numerous recently authorized markets debuted this year. This yielded $2.7 billion in revenue, an astounding 64.2% year-on-year increase.<\/p>\n<p>Conventional casino offerings remain prevalent, with slot machines and table games collectively producing $12.3 billion in revenue.<\/p>\n<p>AGA President and CEO Bill Miller conveyed his optimism, remarking, &#8220;Following two years of pandemic-induced disruptions, the US gaming industry is more robust than ever.&#8221; <\/p>\n<p>The American gaming sector is flourishing, with earnings hitting unprecedented levels in every area, from physical casinos to games on mobile devices. Grown-ups undoubtedly view gaming as a premier leisure activity. <\/p>\n<p>This is per the American Gaming Association (AGA)&#8217;s study, &#8220;State of the States.&#8221;  The analysis disclosed that U.S. commercial gaming income reached a massive $60.4 billion in 2022, demolishing the prior record of $53 billion established in 2021. <\/p>\n<p>This upswing in income resulted in a substantial contribution to state and municipal funds. Commercial gaming businesses paid $13.5 billion in direct levies in 2022, post-deduction of prizes awarded to players.<\/p>\n<p>Bill Miller, the AGA&#8217;s leader and CEO, stressed the industry&#8217;s beneficial influence: &#8220;As one of the nation&#8217;s most heavily taxed sectors, the gaming industry&#8217;s prosperity is inherently tied to the welfare of our communities.&#8221;<\/p>\n<p>He proceeded to underscore the industry&#8217;s multifaceted function:  &#8220;Beyond our considerable tax payments, our sector is a driver of economic expansion, employment generation, and community investment.  We back local philanthropic endeavors, non-governmental entities, and act as a paradigm for corporate citizenship.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US gaming sector is flourishing, according to the American Gaming Association&#8217;s (AGA) Q1 2023 report. The report, a component of the AGA&#8217;s Commercial Gaming Revenue Tracker, indicates that national commercial gaming revenue hit an unprecedented $16.47 billion, a 14.6% surge compared to the corresponding period last year. This signifies the eighth consecutive quarter of [&hellip;]<\/p>\n","protected":false},"author":51,"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 American gaming industry is on fire! \ud83d\udd25 New data shows Q1 2023 revenue hit a record $16.47 billion, marking the eighth straight quarter of growth. 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