The year 2024 is close to halfway over, so it's closer to the time that analysts will be compiling statistics to see how this year has treated the commercial gaming industry. While we, of course, do not have the entire numbers for this calendar year, we can analyze America's commercial gaming revenue from 2023 to see its recent success with the hopes that numbers will be much higher when the calendar year 2024 statistics are released.
What Is the Commercial Gaming Industry?
The commercial gaming industry involves Americans betting on casino and sports betting activities whether in-person or online. As always, Nevada brings in the most commercial gaming revenue out of the other states in the country that have legalized casino gaming and sports betting because of the popularity of gambling activities on the Las Vegas strip.
Now that you have a snippet of the meaning behind the commercial gaming industry, let's analyze 3 of the 4 categories that made up this past year’s total revenue.
Slots Revenue Increase 3.8% Between 2022 To 2023
Slots revenue in the commercial gaming industry accounted for $35.51 billion in revenue for 2023, which means that over half of the revenue from this year came from bettors playing just slots. That goes to show how easy and fun slots can be for all levels of bettors from novice to expert. You just put the wheels on auto-spim with your chosen bet and not think about it until your bankroll gets a little low.
You can go to online casino to enjoy a game of slots or even a table game like Blackjack or baccarat. Speaking of table games, let's analyze the revenue within that category to see how it's been performing in past years.
Table Game Revenue Rose 3.5% Between 2022 To 2023
Of the $66.65 billion in total revenue from the commercial gaming industry, table game revenue amounted to $10.31 billion in 2023. This is a 3.5% increase from 2022’s figure.
Table games include Blackjack, roulette, baccarat, or other included betting endeavors that involve spinning a wheel on a table or dealing cards on said surface. Seasoned bettors love the interactive experience of betting in-person or even the live dealer experience when playing online because it adds a human element of enjoyment unlike casino games that have to be played alone like slots.
iGaming Revenue Increased By 22.9% Between 2022 To 2023
The revenue generated for the iGaming category of the American commercial gaming industry was $6.17 billion in 2023, which was a 22.9% increase from 2022’s monetary performance. iGaming encompasses activities bet on casino games and even the future outcomes of events related to sports games. Hence, it's like a melting pot of two categories in the betting industry.
Six states were analyzed for their iGaming revenue and the total was achieved by adding each prospective outcome for each states’ final revenue numbers. These states included Pennsylvania, Michigan, Delaware, New Jersey, West Virginia, and Connecticut.
The Sports Betting Statistical Analysis Is for Another Day!
Speaking of betting on sports events, the American Gaming Association also discussed sports betting numbers in their commercial gaming revenue analysis. However, these details are for another post since the sector had the biggest percentage of improvement.
Plus, it could take an entire post to analyze the ins and outs of why sports betting improved so much in the commercial gaming industry this past complete calendar year. Stay tuned for more updates about the gaming and betting industry from your friends at Techiegamers!
This article was written in cooperation with HighRiser Digital Marketing