US Online Casino Revenue Soars In Year Over Year Comparison

US Online Casino Revenue Soars In Year Over Year Comparison

Despite being illegal in most of the country and limited in states where it is permissible, US online gambling continues to grow. The latest US online casino revenue figures from the American Gaming Association are another signal indicating that growth.

The AGA’s numbers for May of this year depict a steady growth pattern. Brick-and-mortar casinos didn’t fare too poorly in the month, either, although growth in that segment was not as robust.

AGA’s latest US online casino numbers

According to the AGA’s tracker, online casino and online poker play from all US jurisdictions produced $406.4 million in win for the operators in May 2022. The AGA says that’s an increase of 30.9% from the same month last year.

It’s no record or even an across-the-board uptick, though. April 2022 actually saw a higher total of $416.4 million and a larger year-over-year increase. The second quarter of this year will be hard-pressed to keep pace with the first, despite April’s and May’s gains.

Online casino and online poker revenue were up an impressive 53.9% from the first quarter of 2021 to the first quarter of this year. If a 30% growth rate ends up being more of a mean that bumper quarters regress to, however, many operators in this space would likely take that.

Overall, May 2022 was the best month of May ever for commercial gambling in the US, and only March of this year posted a higher cumulative total from all segments. The total came to $5.03 billion. Land-based casinos more than pulled their weight.

How did the brick-and-mortars fare in May?

Live slots, poker, and table games at US commercial casinos produced $4.13 billion in revenue in May of this year. The AGA says that a slight increase of 1.4% from May 2021. It also represented the meat of the month’s total that has further pushed 2022 as a whole toward record territory

The AGA’s tracker shows that through the first five months of 2022, total revenues have amounted to $24.39 billion. That’s over 20% better than the same period of time in 2021. In fact, March-May of this year has been the most lucrative three-month period for US commercial gambling ever.

Considering that the full gambit of online casino and online poker is only legal and available in three states, with four others offering access to limited online gambling, May 2022’s revenue continues an impressive growth trajectory.

Author: Tyler Gutierrez