U.S. Casinos Record $66.5 Billion Win In 2023 representing an impressive 10% increase compared to previous years. Overall gambling earnings for U.S. operators are anticipated to approach $110 billion for 2023.
Commercial casinos in the United States celebrated a landmark year in 2023, raking in a staggering $66.5 billion from eager gamblers, marking the industry’s most lucrative period on record, as reported by the American Gaming Association on Tuesday.
This impressive figure marked a remarkable 10% increase from the previous year, which itself had set a record. When combined with revenue from tribal-owned casinos, the overall gambling earnings for U.S. operators are anticipated to approach $110 billion for 2023.
Despite lingering economic uncertainties, including persistent inflation that kept costs elevated, American adults exhibited an insatiable appetite for gaming, according to Bill Miller, President, and CEO of the association. He highlighted the resilience of the industry in the face of economic challenges, citing factors like receding inflation and steady consumer spending.
Even amid the bustling holiday season, with its traditional focus on shopping, gamblers remained undeterred, contributing to a record-breaking $6.2 billion win for casinos in December alone.
The rise of sports betting emerged as a significant revenue driver, with a substantial 44.5% increase generating $10.92 billion in revenue. The expansion of sports betting into new markets like Kentucky, Maine, Massachusetts, Nebraska, and Ohio further fueled this growth, collectively contributing $1.49 billion in revenue.
Traditional in-person gambling, particularly through slot machines and table games, continued to be the cornerstone of the industry. Slot machines brought in $35.51 billion, while table games generated $10.31 billion in revenue for 2023.
Internet gambling also experienced robust growth, with revenue reaching $6.17 billion, a notable 22.9% increase. Michigan emerged as the largest internet gambling market, narrowly surpassing New Jersey with $1.92 billion in annual revenue.
Overall, the gambling landscape in the United States in 2023 showcased the enduring appeal of gaming, with both traditional and online platforms driving unprecedented revenue for operators across the country.
