The American Gaming Association has declared a year-over-year increase in US commercial gaming industry revenue in April, surpassing $5bn GGR for the eighth consecutive month.
According to the AGA’s Commercial Gaming Revenue Tracker, the industry achieved a total GGR of $5.41bn in April, a 7.8 per cent increase YoY and the 26th consecutive month of annual growth.
However, April’s GGR figures were down compared to the record set in March of $5.9bn.
Through the first four months of the year, revenue is also 13.8 per cent higher than what it was this time last year, standing at $22.06bn.
Compared to the previous year, only seven states experienced revenue declines in April – Florida, Iowa, Indiana, Louisiana, Maine, Missouri and Oklahoma – due to “slowdowns in the traditional casino segment” – while 26 states declared revenue improvements.
The AGA noted that although land-based operations continue to be the biggest contributor towards total revenue, the segment’s rate of growth has slowed down compared to the rise of online gaming.
Land-based gaming rose slightly by 0.3 per cent YoY while online gaming has grown by 50.4 per cent.
Online gaming continues to grow following the introduction of online sports wagering in the past 12 months in Kansas, Maryland, Massachusetts and Ohio, in addition to igaming expanding further in the six states where it is legal – Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia.
Per segment, the AGA stated that slot GGR was the biggest contributor towards total GGR in April with $2.99bn, up 1.5 per cent YoY, followed by sports betting with $820.4m, a 55.4 per cent increase, table games with $775m, down 1 per cent, and igaming with $504.3m, a 21.1 per cent increase.
Both sports betting and igaming verticals reported their best April revenue levels ever, with all six previously mentioned igaming states declaring annual growth.
Year-to-date, slot GGR improved by 6.2 per cent to $11.82bn, sports betting rose by 69.1 per cent to $3.67bn, table games grew by 3.8 per cent to $3.28bn, and igaming increased by 22.3 per cent to $1.99bn.
Earlier this month, AGA President and CEO Bill Miller asked for improved support by the industry for those suffering from gambling harm as he believes more help can be provided.