US gaming industry posts second best-ever month in April at almost $5B despite macroeconomic headwinds

Home » US gaming industry posts second best-ever month in April at almost $5B despite macroeconomic headwinds

The industrial US gaming trade noticed its greatest month of April ever and the second highest-grossing month of all time in April 2022, in accordance with the American Gaming Affiliation’s (AGA) Business Gaming Income Tracker. The month was solely behind March 2022 for best-ever, which means momentum in US gaming remains to be ongoing.

Through the month, the trade hit $4.99 billion in income, up 12.4% year-over-year regardless of widespread macroeconomic issues. The spectacular determine was shy of March’s file efficiency of $5.31 billion. All through the primary 4 months of 2022, industrial gaming income stands at $19.33 billion, 24.2% forward of the identical interval final yr.

Gaming income grew throughout each vertical in April year-over-year, AGA says. Conventional on line casino generated income of $4.07 billion, up 5.7% versus April 2021; whereas sports activities betting generated $497.5 million in income, a notable 74.6% achieve over the comparable interval final yr. iGaming generated $416.4 million, up 38.8%.

Different highlights of the month present that 24 of 31 industrial gaming states that had been operational one yr in the past have now posted year-over-year income development in April. This comes regardless of a collection of headwinds -including provide chain disruptions, labor shortages and rising inflation rates- affecting the gaming trade.

The year-over-year tempo of income development started to decelerate in April, as comparisons transfer past 2021 months through which the trade was working with important COVID-related working restrictions; and on a sequential foundation, gaming income dropped 6.8% from March’s all-time highest. Regardless of this, AGA says that the gaming trade’s development charge at first of 2022 “has the potential to be one other record-setting yr.”

By means of April, practically all industrial gaming states are monitoring properly forward of the place they had been at this level in 2021, the report additional reveals. Bucking that development pattern is the D.C. sports activities betting market (-32%), in addition to Kansas (-0.3%), Mississippi (-1.2%) and South Dakota (-1.6%).

Moreover, more and more tough year-over-year comparisons had been “felt closely” in legacy on line casino markets Mississippi and South Dakota. This, AGA says, displays the energy of the buyer gaming market in spring 2021, as working restrictions had been lifted. 

One other disappointing determine factors out that on line casino visitation ranges had been down year-over-year in April in 4 of the 5 states that report admission knowledge (Illinois, Iowa, Louisiana, Mississippi, Missouri). Mississippi casinos posted the biggest decline (-12.9%) whereas Illinois casinos welcomed the very best variety of guests -806,302- since earlier than the pandemic. In comparison with pre-COVID ranges, visitation was down in April a median of 12.3% throughout the 5 states.

Nevertheless, Las Vegas was capable of outperform the regional markets as visitation jumped 31.4% year-over-year. Visitation numbers had been merely down 4.5% from April 2019, in accordance with a report by the Las Vegas Conference and Guests Authority.

AGA’s replace additionally breaks down gaming figures by vertical. In April, mixed gaming income from land-based slot machines and desk video games grew in 20 of 25 states in comparison with 2021, whereas year-to-date income from conventional on line casino gaming is barely down in solely three markets: Kansas (-0.3%), Mississippi (-1.3%) and South Dakota (-2.1%).

On a nationwide foundation, conventional on line casino video games generated revenues of $4.07 billion, primarily pushed by slots. Income from slot gaming was up by 2.2% to $2.95 billion, whereas desk video games generated income of $786.7 million, notably 26.3% up from the identical month final yr.

The American Gaming Affiliation remarks that each sports activities betting and iGaming income grew by double-digit percentages in April. Land-based and on-line industrial sportsbooks generated $497.5 million in income from operations in 25 states, excluding Arizona, which had not but reported sports activities betting knowledge on the time of publication. 

In the meantime, iGaming in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia generated $416.4 million in April, $6 million wanting March’s file income. April 2022 had six iGaming markets in comparison with 5 in 2021 (excluding Nevada on-line poker). 

Taken collectively, income from iGaming and on-line sports activities betting reached $913.9 million, or 18.3% of all industrial gaming income in April. This determine reveals a lower from 19.2% within the record-setting month of March, in accordance with AGA’s state-by-state and nationwide insights into the U.S. industrial gaming trade.

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