US casinos top $60B in revenue in 2022, their best year ever

Feb 15, 2023, 9:46 AM | Updated: 11:44 am
(AP Photo/Wayne Parry)...
(AP Photo/Wayne Parry)

(AP Photo/Wayne Parry)

ATLANTIC CITY, N.J. (AP) — Commercial casinos in the United States won more than $60 billion from gamblers in 2022, the best year in the industry’s history.

Figures released Wednesday by the American Gaming Association, the gambling industry’s national trade group, show that in-person gambling remains the bread-and-butter of the industry, accounting for more than 80% of its revenue. Online betting provided nearly a fifth of the industry’s revenue.

The figures do not include tribal casinos, which report their revenue separately. But David Forman, a vice president with the association, estimated that tribal casinos could report an additional $41 billion in revenue later this year, putting the total U.S. casino industry over the $100 billion mark. That would put the gambling revenue roughly equal with the amount of money raised from beer sales in the U.S., he said.

“Our industry significantly outpaced expectations in 2022,” said Bill Miller, the association’s president and CEO. “Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefiting communities and taking market share from the predatory, illegal marketplace.”

The $60.4 billion won by casinos last year was up nearly 14% over 2021 levels.

“That growth is almost the equivalent of adding another Las Vegas Strip to the U.S. market,” Forman said.

The Las Vegas strip and Atlantic City remained among the top gambling markets in the country in 2022, with the Baltimore-Washington, D.C., Chicago and Mississippi Gulf coast markets also performing well.

The association ranked gambling markets according to their in-person winnings at table games, slot machines and at-the-counter sports betting, but excluded online sports betting and internet casino games.

The top 10 are: the Las Vegas Strip ($8.2 billion, up 17%); Atlantic City ($2.8 billion, up 8.5%); Baltimore-Washington D.C. ($2.2 billion, up 8.7%); the Chicago region spanning parts of Illinois and Indiana ($2.1 billion, up 6.1%); the Mississippi Gulf coast ($1.6 billion, down 0.5%); New York City ($1.5 billion, up 2.6%); Philadelphia ($1.4 billion, down 1.8%); Detroit ($1.3 billion, down 1.4%); the St. Louis market spanning parts of Missouri and Illinois ($1.1 billion, up 3.6%); and the Boulder Strip in Nevada ($966 million, virtually flat compared with last year).

The association split several statewide markets into smaller regional components, including Pennsylvania, Nevada, Louisiana and Mississippi, diluting their overall ranking nationwide.

Thirty-two jurisdictions saw an increase in gambling revenue compared with 2021, with 29 states setting new annual records. This included the new Nebraska market, as well as four states that reported their first full year of revenue: Arizona, Connecticut, Virginia and Wyoming.

Mississippi (down 3.6%) and South Dakota (down 2.2%) saw their annual revenue decrease compared with 2021. Additionally, the sports betting-only market in Washington, D.C., continued to lose ground to neighboring Maryland and Virginia.

The association said 84 million American adults, or 34% of the adult population, visited a casino in the past year, including newly opened markets in Nebraska and Virginia.

Table games revenue was up 13.9%, while slot machines were up by 5.1%.

Sports betting continued to grow rapidly in 2022, setting new records for the total amount wagered ($93.2 billion) and sportsbook revenue ($7.5 billion). This growth was helped in part by Kansas, which began retail and mobile sports wagering, and by the launch of mobile sports betting in Louisiana, Maryland and New York.

The association predicted that 40 states might legalize sports betting by the end of 2023, up from the 36 plus Washington D.C. that have done it already.

Online casino revenue grew by 35.2% to $5 billion. Six states currently offer internet gambling: New Jersey, Michigan, Pennsylvania; Connecticut, West Virginia and Delaware. (Nevada only offers online poker). Miller said five additional states have introduced bills that would legalize internet gambling: Illinois, Indiana, Maryland, New Hampshire and New York.

___

Follow Wayne Parry on Twitter at www.twitter.com/WayneParry

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

(Facebook Photo/City of San Luis, Arizona)...
Associated Press

San Luis authorities receive complaints about 911 calls going across border

Authorities in San Luis say they are receiving more complaints about 911 calls mistakenly going across the border.
4 days ago
(Pexels Photo)...
Associated Press

Daylight saving time begins in most of US this weekend

No time change is observed in Hawaii, most of Arizona, Puerto Rico, the U.S. Virgin Islands, American Samoa, Guam and the Northern Marianas.
12 days ago
Mexican army soldiers prepare a search mission for four U.S. citizens kidnapped by gunmen in Matamo...
Associated Press

How the 4 abducted Americans in Mexico were located

The anonymous tip that led Mexican authorities to a remote shack where four abducted Americans were held described armed men and blindfolds.
12 days ago
Tom Brundy points to a newly built irrigation canal on one of the fields at his farm Tuesday, Feb. ...
Associated Press

Southwest farmers reluctant to idle farmland to save water

There is a growing sense that fallowing will have to be part of the solution to the increasingly desperate drought in the West.
19 days ago
A young bison calf stands in a pond with its herd at Bull Hollow, Okla., on Sept. 27, 2022. The cal...
Associated Press

US aims to restore bison herds to Native American lands after near extinction

U.S. officials will work to restore more large bison herds to Native American lands under a Friday order from Interior Secretary Deb Haaland.
19 days ago
(Photo: OCD & Anxiety Treatment Center)...
Sponsored Content by OCD & Anxiety Treatment Center

Here's what you need to know about OCD and where to find help

It's fair to say that most people know what obsessive-compulsive spectrum disorders generally are, but there's a lot more information than meets the eye about a mental health diagnosis that affects about one in every 100 adults in the United States.

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Company looking for oldest air conditioner and wants to reward homeowner with new one

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.
(Pexels Photo)...

Sports gambling can be fun for adults, but it’s a dangerous game for children

While adults may find that sports gambling is a way to enhance the experience with more than just fandom on the line, it can be a dangerous proposition if children get involved in the activity.
...
Fiesta Bowl Foundation

Celebrate 50 years of Vrbo Fiesta Bowl Parade magic!

Since its first production in the early 1970s, the Vrbo Fiesta Bowl Parade presented by Lerner & Rowe has been a staple of Valley traditions, bringing family fun and excitement to downtown Phoenix.
US casinos top $60B in revenue in 2022, their best year ever