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American Gaming Association

All articles tagged with #american gaming association

sports-business1 year ago

"Record-Breaking $120 Billion Spent on Sports Betting and Casino Gambling in 2023"

The 2023 sports betting handle in the U.S. reached nearly $120 billion, marking a 27.8% increase from 2022, with revenue hitting a record $10.92 billion. With 38 states and the District of Columbia legalizing sports betting, the industry continues to grow, and projections for Super Bowl LVIII alone exceed $23 billion. As 12 more states, including California and Texas, are expected to join in, the upward trend in betting numbers is likely to continue.

via NBC Sports|
#american-gaming-association#legal#revenue
sports-business1 year ago

"Record-Breaking $66.5 Billion Revenue for US Sports Betting and Casinos in 2023"

The American sports betting industry achieved a record $10.92 billion in revenue for 2023, marking a 44.5% year-over-year increase, with a handle of $119.84 billion and an increased sportsbook win percentage. Five new legal betting states contributed to this growth, with Ohio emerging as a top earner. The industry also set a quarterly record in the fourth quarter of 2023 and is projected to achieve another record in Q1 2024. However, the industry faces challenges as fewer states remain to legalize sports betting. Overall, the American gambling industry, including land-based and internet gambling, posted a record $65.52 billion in revenue for 2023, with land-based gambling accounting for 75.3% of the total revenue.

via ESPN|
#american-gaming-association#expansion#record
business-entertainment1 year ago

2023: Record-Breaking Year for U.S. Gambling Industry

U.S. commercial casinos had their best year ever in 2023, winning $66.5 billion from gamblers, a 10% increase from 2022, despite concerns about inflation. Total casino gambling revenue, including tribal-owned casinos, is expected to reach close to $110 billion. Sports betting saw a significant increase, generating $10.92 billion in revenue, with five new markets contributing to the growth. Internet gambling also surged, reaching $6.17 billion in revenue. Despite some declines in a few states, 31 out of 35 states with commercial casinos saw revenue increase.

via ABC News|
#american-gaming-association#business-entertainment#casinos
sports-gambling1 year ago

"Super Bowl 2024 Set to Shatter Wagering Records with $23 Billion in Bets"

Nearly 68 million American adults, about 1 in 4, plan to bet on this year’s Super Bowl, setting a record by a wide margin, with an estimated $23.1 billion to be wagered, up from $16 billion last year. The game will feature the defending Super Bowl champion Kansas City Chiefs against the San Francisco 49ers in a rare rematch from four years ago, with the 49ers favored by 2.5 points. The increase in betting is attributed to factors such as the compelling matchup, the game being held in Las Vegas, and the growing availability of legal sports betting in the U.S.

via NBC News|
#american-gaming-association#kansas-city-chiefs#record-breaking
sports-business1 year ago

"Super Bowl LVIII: Record-Breaking Bets and Epic Events in Las Vegas"

A survey by the American Gaming Association predicts that over $23.1 billion will be bet on Super Bowl LVIII, with approximately 67.8 million adults expected to participate, marking a significant increase from last year. The survey, conducted by Morning Consult, includes bets placed through various channels such as online, at casinos, and with family or friends. With the growth of legal sports betting, the U.S. gaming industry has seen over $300 billion in bets since 2018, and commercials for sportsbooks during sporting events have become commonplace. Nevada's betting market remains strong, and research firm Eilers & Krejcik Gaming estimates that $1.25 billion will be wagered on the Super Bowl through American sportsbooks, with a significant portion of bets being same-game parlays and live wagers.

via ESPN|
#american-gaming-association#nevada#sports-betting