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AGA: Commercial gaming hits $16.6B in Q1

Hard Rock properties outside of Florida, like the Hard Rock Northern Indiana, (pictured here) were included in the AGA’s revenue data. (File photo)

U.S. commercial gaming revenue reached $16.6 billion in Q1 2023, marking the industry’s eighth straight record-breaking quarter, according to the American Gaming Association’s (AGA) commercial gaming revenue tracker. The quarter also included the industry’s highest-grossing month – $5.9 billion in March.

The AGA released the data in a news release May 16.

Commercial gaming revenue – which includes traditional casino games, sports betting and iGaming – had already enjoyed year-over-year revenue increases, which were reported Feb. 16. Revenues reached $60.4 billion in 2022, a 13.9% increase over 2021 and a 38.5% increase over the pre-pandemic year of 2019. 2020 was one of the worst years for the industry, after the pandemic caused casino lockdowns across the country.

Revenue from the Seminole Tribe’s six Florida casinos are not represented in the latest AGA data, however Hard Rock casinos outside the state are included. The Hard Rock Northern Indiana and the Hard Rock Hotel & Casino Atlantic City were both listed among the top 20 commercial casinos outside of Nevada in the report.

The Seminole Tribe is the parent entity of Hard Rock International. Jim Allen, Seminole Gaming CEO and Hard Rock International chairman, is AGA’s chairman.

The AGA, which advocates for gaming industry priorities, also released its annual “State of the States” report May 16, which provides its state-by-state economic and regulatory analysis of U.S. commercial gaming for policymakers, gaming stakeholders and industry observers.

“After two full years of successive growth post-COVID, the U.S. gaming industry has never been stronger,” AGA president and CEO Bill Miller, said in the release. “With record growth across every gaming vertical – from brick-and-mortar casinos to mobile gaming – American adults continue to choose gaming as one of their top entertainment options.” The AGA reports can be accessed at americangaming.org.

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