March of this year was a hard act to follow for US commercial gaming. Regardless, revenue for that industry in April of this year put forth a valiant effort, grossing the second-highest ever monthly total for non-tribal gambling in the United States.
The sum came to just shy of $5 billion across all segments of the industry. That keeps 2022 on pace to shatter not only expectations but the performance of the business last year as well.
April revenue not too shabby for US commercial gaming
According to the American Gaming Association‘s tracker, the industry compiled $4.99 billion in April in gross gaming revenue. Only once has a single month produced more commercial gross gaming revenue in the US.
That was just the previous month, March 2022. That month, all commercial gaming activity across the country generated $5.31 billion in revenue. Thus, April fell short by about 6.1%.
Despite that, the 2022 edition still stands as the most lucrative April ever for US commercial gambling outlets. It’s a 12.4% uptick from the same month in 2021, for example. The AGA says that the increases occurred almost indiscriminate of geography, too.
A full 24 of the 31 jurisdictions with legal, commercial gaming bested their numbers from April of last year. Mostly responsible for those gains were online and retail sports betting. The $497.5 billion in revenue for April 2022 was up 74.6% from the same month in 2021.
Online casinos and online poker pulled their weight as well, though. That category rose by 38.8% from April of last year to $416.4 million. Finally, live poker, slots, and table game activity at physical casinos contributed $4.07 billion, up 5.7% over April 2021.
With the consecutive bumper months, commercial gambling in the US could make 2022 its best year ever. In fact, that looks kind of inevitable at this point.
2022 not letting up for commercial gaming
The AGA says that through the first four months of 2022, the annual total for gross gaming revenue stands at $19.33 billion. That’s up nearly a whole quarter from the same period in 2021.
With an entire summer of casino gaming ahead and then the fall sports wagering boon, 2022 is shaping up to be a record year. While none of the months left in the rest of this year may match March’s total, that actually isn’t too far-fetched of a premise.
April’s year-over-year growth actually surpassed the same in March in terms of sports betting. In March, the gain was just 64.6%. While the growth of the other segments fell off in comparison, the calendar actually works out in their favor.
As the summer months approach, sports wagering usually slows down. It will then be time for poker, slots, and table games to shine. If they can continue to pick up steam, setting new records in 2023 will require some work.