US Gamblers Lost $157B in 2022, Casinos Still King Despite Industry Expansion
Gamblers inwards the United States finally twelvemonth missed nearly $157 billion. That’s according to a chalk up from Eilers & Krejcik Gaming, a California-based research fast(a) focused on casino, iGaming, and drawing insights.
The legal gaming landscape inward the US has changed greatly since May 2018 when the US Supreme Margaret Court said states tin decide their own laws on sports betting. Thomas More than 30 states make since legalized gaming on sports.
Online gaming also continues to expand. Six states now permit iGaming with interactive slot machines and tabularise games.
But traditional brick-and-mortar casinos, Eilers & Krejcik reports, held their throne inwards 2022. Land-cased casinos continued their sovereignty as the to the highest degree important gaming vertical, as revenue gaming revenue (GGR) from commercial-grade and tribal casinos totaled $91 one million million — or 58% of the 2022 boilersuit gaming win.
When online gaming and sports betting revenue that’s linked to a physical casino by right smart of third-party partnerships is included, total GGR for casinos — often referred to as “legacy gaming” — was $98 billion. Despite the many new legal gaming options players have got today, casinos relieve managed to calculate for almost 63% of the $157 billion clear win in 2022.
U.S. consumers spent $157 1000000000 on gaming activities inwards 2022. Casinos captured 63% of the pie, followed past Lottery at 23%, and then Distributed Gaming/Route Ops (5%), Sports betting (5%), Charity (2%), and Racing (2%). https://t.co/kVFm076hXI
— Eilers & Krejcik Gaming, LLC (@EilersKrejcik) March 22, 2023
Casino Win Increases
US residents proceed to gamble, and lose, more. And casinos remain the primary beneficiary.
Commercial cassino revenue from slot machines, tabulate games, and retail sports betting totaled nearly $48.7 one million million — a 6.7% year-over-year increase. Tribal casinos experient a similar uptick, as GGR climbed 6.6% from 2021 to $42.3 billion.
Thirty-three states experience commercial message casinos and 29 hold tribal casinos. Fourteen states experience both commercial and tribal casinos.
Lottery players lost the to the highest degree money after gambling casino gamblers. Lottery revenues endure yr totaled $35.5 one million million after participant profits were paid.
Expanded gaming and to a greater extent wagering options, whether it live online casinos, picture gaming terminals privileged convenience stores and truck stops, or wandering sports betting, could live lancinate into the drawing sector, as the $35.5 one million million won from make and scratch-off games represented a 1.3% year-over-year decline.
Prospering Industry Amid Difficult Times
Inflation remains in high spirits and the stability of the global economic system remains trembling with China’s tightening dealings with Russia and the on-going infringe inwards Ukraine. Frederick North Korean Peninsula is also threatening atomic war.
But inward the US, a warm drudge marketplace continues to long pillow consumer spending. Economic analysts at Bank of America said inward a billet this calendar week that consumer outlay somewhat normalized inwards Feb with deferred payment and debit entry identity card spending per household upwards 2.7% year-over-year.
Spending continues to be supported past prescribed consumer ‘fundamentals.’ Measures of consumer wellness such as the inflows into client nest egg and checking accounts comparative to outflows remain in fair unspoiled forge and median value bank building balances continue to live elevated despite gradual drawdowns for the middle- and lower-income households,” the bank building research detailed.
No gaming securities industry is to a greater extent important to the overall wellness of the US gaming industry than Nevada. And inwards February, the most recently reported month, GGR topped $1 one million million for a record 24th sequent month.
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