A New Report Shows Growth in Sports Betting GGR in the USA

The American Gaming Association (AGA) has published a report revealing the gross gaming revenue (GGR) for April 2023. In the report, the total GGR increased by 7.8% to reach $5.41 billion compared to April 2022.

AGA provided a breakdown of the various gambling markets, with sports betting showing the highest growth, generating a total GGR of $820.4 million in April 2023. The gross gaming income from slots increased by 1.5% to $2.99 billion, whereas iGaming had an increase of 21.1% to post a GGR of $504.3 million.

Last month, the American Gaming Association released its Q1 2023 financial report. The report showed a 14.6% GGR increase for the duration, an industry-high of $16.47 billion. Interestingly, this report marked the eighth consecutive record-shattering quarter for GGR in the United States.

26th Consecutive Month of Annual Increase

The report shows that table games are the only gaming category to experience a decline in April, down by 1% to $775 million. The overall GGR for January-April is $22.06 billion, a yearly increase of 13.8%.

Meanwhile, the individual market performance for the period was as follows:

• Slots: 6.2% increase to $11.82 billion
• Table games: 3.8% increase to $3.28 billion
• Sports betting: 69.1% increased to $3.67 billion
• iGaming: 22.3% increase to $1.99 billion

According to AGA, the most recent figures mark the 26th straight month of yearly increase, highlighting the industry's resilience in the face of adversity. Commercial gambling in the US has sharply increased, with more than 33 states approving legal sports betting sites.

Nevada leads the race in total GGR with $1.15 billion, Pennsylvania reporting $486.4 million, and New Jersey ranks third with $462.7 million. New York, projected to become the largest gambling market in the US, is fourth with $397.1 million. The Empire State regulated sports betting in January 2022, becoming the 18th state to legalize the activity.

Conversely, a few states experienced a downturn, with Oklahoma reporting a decline of 4.7% and 7.1% for Maine. In Iowa, the GGR results were down by 4.9% compared to the previous year.

Lastly, the regulated online gambling industry increased by 21.1% to $504.3 million in April 2023. Online casino games are currently legal in states, including:

• Connecticut
• Delaware
• New Jersey
• West Virginia
• Pennsylvania
• Michigan