AGA Releases July Gambling Numbers – Third Highest Grossing Month of All Time – Gambling Industry News – Gambling Industry News

Sports betting handle for year-to-date up by 88.3%
The American Gaming Association (AGA) has released its latest monthly revenue report revealing that commercial gambling revenue reached $5.06 billion (€5.06 billion) during the month of July.
Year-to-date revenue total of $34.27 billion is 15.5% higher than same period in 2021
The latest figures represent 2.8% increase in revenue year-on-year and an 8% jump on the previous month. This makes July the third-highest grossing month of all time for the commercial gambling industry. It’s also the four month out of the past five that revenues topped the $5 billion (€5 billion) mark.
Land-based gambling operators reported an increase of 8.6% in revenues over the previous month. Meanwhile revenues from legal sports betting jumped by 7.9% while iGaming operators reported a lower increase of just 1.2% for July.
According to the report, 2022 is on track to be a record-setting year as combined revenues from commercial gambling for the year to date have already hit $34.27 billion (€34.27 billion). This is 15.5% higher than the same period in 2021.
The report also notes that 21 of the 31 states with commercial gaming that was in operation a year ago reported year-on-year growth. Meanwhile, just four jurisdictions have seen a decrease in gambling revenues. These are:
Across the United States, Land-based casinos reported slots and table gaming revenues of $4.31 billion (€4.31 billion) in July. This marked a slight drop of 0.9% year-on-year. Slots revenue came to $3.03 billion  (€3.03 billion) a drop of 1.4%. However, casino table games generated $966.7 million (€967.6 million) in revenue, an all time monthly record.
Land-based gaming also saw the launch of commercial gambling in Virginia following the opening of the Hard Rock Bristol Casino which generated $15.1 million (€15.1 million) in its first month of operations. In the first nine days alone, Virginians wagered $37 million (€37 million) at the casino.
At the end of July, year-to-date revenue from land-based casino slot machines and table games stands at $27.97 billion (€27.99 billion), 9.5 percent ahead of the same period in 2021. 21 of 25 states saw annual revenue growth from traditional gaming through the first seven months of 2022.
Retail and mobile sportsbooks combined to generate revenues of $359.6 million (€359.9 million) during July. This marked an increase of 34.5% year-on-year. This growth is attributed to the launch of legal sports betting in 5 additional states since July of 2021. The year-to-date total for sports betting revenue now stands at $3.45 billion (€3.45 billion), a year-on-year increase of 62.7%. So far this year, US gamblers have wagered $50.7 billion (€50.7 billion) at legal sportsbooks, an incredible 88.3% increase on the same period in 2021.
The USA’s six iGaming markets — Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia — combined to generate revenues of $392.4 million (€392.9 million). This was a 28.3% increase on the previous year although at that time iGaming was only operational in five states.
Global iGaming Analyst based in New York City.
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