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US Gaming Clocks Record Revenue in Q3 2023

The American Gaming Association (AGA) is reporting that the third quarter of 2023 was the most successful Q3 the US-facing industry has ever seen. According to the AGA’s Commercial Gaming Revenue Tracker, American gaming operators hauled in an astounding $16.17 billion worth of revenue during the period covering August, September and October of this year.

Those fabulous Q3 numbers set the US gaming industry up for what looks to be its third consecutive record-breaking year, based on revenue alone, but that’s hardly the only news worth bragging about from the AGA’s latest numbers. The industry trade group is also reporting that Q3 2023 was the second highest grossing quarter the industry has ever seen. The previous record was set in Q1 of 2023. That $16.17 billion also marks a 6.1 percent leap over Q3 2022 and is the 11th straight quarter of growth for US gambling interests.

All that revenue is great news for gaming interests, but is also good news for state and local governments across the country whose coffers are bolstered in a very big way by all that gambling money. The AGA reports that gambling operators paid out $3.43 billion in taxes on all that revenue, a jump of 4.7 percent over the previous year.

AGA President Bill Moore summed up the good news in a recent press release saying, “With growth across land-based and online gaming, we are delivering career opportunities for millions of Americans and strong economic contributions to communities across the country through increased tax revenue. Our sustained momentum reflects gaming as a first-choice entertainment option for millions of American adults.”

Industry watchers expect Q4 to serve up similar-sized helping of good news as the US gaming industry continues its sports betting boom.