- Gambling in the US saw $14.8 billion in gross gaming revenue (GGR) in Q2, 2022 up 8.8% year over year.
- This is a record-setting revenue percentage for gambling in the US and beat the record set in Q4 2021.
WASHINGTON – The gambling market in the US has continued to grow, seeing an all-time high quarter set during Q2 2022.
The combined market of sports betting, casinos, iGaming, table games and slots has accumulated to $14.8 billion in gross gaming revenue (GGR). This is up 8.8% year over year and 3.3% higher than the previous record set in Q4 2021.
This comes from a report set by the American Gaming Association.
US Record Breaking Gambling Quarter
The shows a large bump in overall activity from Q1 to Q2, with an increase in both traditional casino activity while there being a slight dip in sports betting activity during the same time frame.
2022 is on pace to be the biggest gaming year in the US. This is in large part due to the increase in US markets that offer gambling options like online casinos and sports betting; more than ever before.
In addition to the new markets, existing US markets have seen an increase in action as well as showing major growth overall.
Of the 31 commercial gaming jurisdictions in the US, 22 have seen an increase in GGR in Q2 2022 compared to Q2 2021. Nine markets in New York, Arkansas, Iowa, Maryland, Massachusetts, Nevada, Oklahoma, Oregon, and Pennsylvania all reported all-time high quarters.
Retail casinos in particular saw a combined $12.17 billion during Q2 2022 for slot machines and table games. This is up 2.9% year over year across the board.
The US gambling market continues to grow in popularity nationwide. With the pace of growth increasing consistently, the record set in Q2 2022 could be broken before the year is over.