AGA-VIXIO Report Highlights Record Year For U.S. Gaming Market | VIXIO

AGA-VIXIO Report Highlights Record Year For U.S. Gaming Market

Following a severe decline due to the outbreak of the COVID-19 in 2020, a new report produced by the American Gaming Association and VIXIO GamblingCompliance highlights how the U.S. commercial gaming industry rebounded to record all-time record annual revenue of $53.03bn in 2021.

2022’s ‘State of the States’ report was the eighth consecutive year VIXIO GamblingCompliance collaborated with AGA to co-produce the annual study considered to provide the definitive economic analysis of the U.S. commercial gaming industry, which consists of land-based and internet casinos, as well as sports betting operations, across 34 states.

The 2021 revenue total was a 76.9 percent increase on 2020 and more than $10 billion higher than the previous annual revenue record for the U.S. commercial gaming industry that was reported prior to the pandemic in 2019.

All jurisdictions with commercial casino or sports betting operations reported an increase in gaming revenue compared with the prior year, and 23 of the 34 states achieved record annual commercial gaming revenue in 2021.

On top of the resumption of land-based casino gaming, 2021’s record overall revenue reflected the increasing importance of sports betting and internet gaming within the broader gaming industry.

The regulated U.S. sports betting market generated total revenue of $4.33bn in 2021, not including sportsbook operations in tribal casinos. That was an increase of 179.7 percent on the prior year, as Americans legally bet some $57.71bn compared to a handle of $21.60bn in 2020.

Despite the full reopening of land-based casinos post-pandemic, total internet gaming revenue across the six states with legal online casinos continued to grow and reached $3.71bn, an increase of 138.9 percent from 2020. Annual revenue surpassed $1bn in each of New Jersey, Pennsylvania, and newcomer Michigan, establishing all three states as major internet casino gaming markets on a global scale.

For each of the 34 commercial gaming jurisdictions, the ‘State of the States’ report analyzes gaming revenue and gaming taxes generated by commercial casino and sports betting operations for the calendar year 2021.

The report also provides a breakdown of the legality of types of gaming and the number of casinos by state and a summary of the regulatory framework for traditional casino gaming and sports wagering.

Each chapter of the report also summarizes major gaming policy discussions that occurred during 2021 across the 34 commercial gaming jurisdictions, and previews expansion opportunities and competitive challenges for the industry.

To access a copy of the ‘State of the States’ report, click here.

In addition to AGA, VIXIO GamblingCompliance produces regular research reports on behalf of other major industry trade associations, such as the European Casino Association and Association of Gaming Equipment Manufacturers.

The VIXIO GamblingCompliance subscription service offers guides to U.S. state and federal laws and regulations for commercial and tribal gaming, sports betting, lotteries and internet gaming. We also aggregate all monthly revenue statistics reported by U.S. states for traditional casino games, online gaming and sports wagering, saving subscribers hours of research work.

 

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