Casinos Brought In Record $66.5B in 2023

by Cedric ‘BIG CED’ Thornton

February 21, 2024

The American Gaming Affiliation introduced that 2023 was the most effective 12 months ever for casinos as they took in $66.5 billion.

Casinos within the U.S. earned a record-setting $66.5 billion. Which suggests gamblers misplaced massive.

In line with The American Gaming Affiliation, 2023 was the most effective 12 months for the trade. The whole cash gained at casinos in 2022 was $60.5 billion. This 12 months, it surpassed that whole by 10%. It was the third straight 12 months that the numbers have risen for the trade.

“From the standard on line casino expertise to on-line choices, American adults’ demand for gaming is at an all-time excessive,” mentioned AGA President and CEO Invoice Miller in a written assertion. “Sustaining our momentum will take unified trade efforts round combating pernicious unlawful operators and rising accountable playing efforts in tandem with the expansion of the authorized market—each of which the AGA is dedicated to steer on all through 2024.”

The numbers for 2023 have been highlighted by an all-time excessive quarterly income of $17.4 billion that was taken within the final quarter of the 12 months. There was $6.2 billion in income in December alone, making it the highest-grossing month in trade historical past.

With on-line gaming turning into nearly 1 / 4 of the income at 24.7%, the business gaming trade is seeing dramatic progress.

Greater than half (12) of the highest 20 business on line casino gaming markets reported income progress in 2023. The Las Vegas Strip, repeating as the highest market within the U.S., comes out forward of New Jersey, securing second place for an additional 12 months. This 12 months, Chicago got here in third place, flipping positions with this 12 months’s No. 4, the Baltimore-Washington, D.C. market. Rounding out the highest 5 is the Mississippi Gulf Coast.

“Gaming’s success interprets on to the success of the states, cities, and cities by which we function,” Miller mentioned. “We’re proud to be in 47 U.S. jurisdictions, performing as financial drivers, creating jobs, and offering the funding that makes crucial public teaching programs, infrastructure initiatives, drawback playing sources, and extra potential.”

States profit from income introduced by the playing trade. Final 12 months, business gaming operators paid roughly $14.4 billion in direct gaming income taxes, a rise of 9.7% from the earlier 12 months.

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