research

AGA Commercial Gaming Revenue Tracker

Keep up to date on the latest commercial gaming revenue numbers.
research

AGA Commercial Gaming Revenue Tracker

January 10, 2021

The American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker features state-by-state and nationwide financial performance data with breakdowns for individual gaming verticals.

November Commercial Gaming Revenue

In November, U.S. commercial gaming’s record-breaking momentum continued as the industry marked the second-highest grossing month ever. Combined revenue from traditional casino gaming, sports betting and iGaming reached $4.85 billion, growing 35.3 percent from November 2019 and up 1.3 percent from October 2021.

Prior to 2021, monthly commercial gaming revenue had never surpassed $4 billion. November now marks the ninth-consecutive month with commercial gaming revenue exceeding $4.4 billion.

With December revenue yet to be reported, 2021 annual gaming revenue reached $48.34 billion through the end of November, shattering the industry’s full-year record (2019) of $43.65 billion and tracking 21.3 percent ahead of the same eleven-month period in 2019.

At the state level, 23 of 26 commercial gaming jurisdictions that were operational in November 2019 saw revenue growth over that month, with monthly gaming win only contracting in Kansas (-10.6%), Louisiana (-6.3%) and New Mexico (-9.1%).

By the end of November, 16 of 26 jurisdictions had exceeded 2019 full-year revenue and an additional five were tracking ahead of the same eleven-month period of that year. Through November, ten states have now surpassed their records for full-year gaming revenue: Arkansas, Colorado, Florida, Iowa, Massachusetts, Michigan, Oklahoma, Oregon, Pennsylvania and South Dakota.

Despite the start of the holiday season, casino admission levels remained largely unchanged from recent months in the five regional markets that publish admission data: Illinois, Iowa, Louisiana, Mississippi and Missouri.

Visitation levels remain notably below 2019 levels. Across these states, admission declines compared to November 2019 ranged from -17.6 to -30.4 percent, with the small sequential dip attributable to a less favorable calendar as November had one less full weekend. Destination markets experienced a similar dynamic as Las Vegas visitation decreased 11 percent from 2019, compared to -8 percent in October, according to the Las Vegas Convention and Visitors Authority.

Average gaming revenue from slots and table games per casino admission continued to exceed pre-pandemic levels in November, with monthly casino win per visitor for the five states up between 10.1 and 37.4 percent from November 2019 averages.

Nationally, brick-and-mortar slots and table games generated combined revenue of $3.83 billion, up 12.2 percent from November 2019 but dropping -3.6 percent sequentially. Slot revenue reached $2.71 billion, up 14.2 percent from 2019, while table games generated $832.0 million, an increase of 17.7 percent over 2019.

Year-to-date through November, slot and table game revenue reached $41.08 billion, close to the industry’s full-year record of $42.24 billion from 2019 and tracking 6.4 percent ahead of the same eleven-month period in that year.

At the state level, 17 of 25 commercial gaming states with slot and table gaming saw combined revenue from these verticals grow from November 2019, with 15 of the jurisdictions on track to surpass full-year slot and table game revenue.

The football football season propelled U.S. sports betting to new highs as the industry reported its highest ever monthly revenue of $666.1 million, up 112.8 percent from November 2020 and shattering the previous record set in October by 48.5 percent. The all-time high monthly revenue was driven by favorable event outcomes throughout the month as the nationwide hold percentage rose to 9.6 percent, up from 5.9 percent in October. U.S. handle reached $6.94 billion, down from $7.55 billion in October. The figures for November will increase further when Arizona data is released.

Sports betting in November was also buoyed by the first full month of wagering in Louisiana with eight brick-and-mortar sportsbooks taking bets by the end of the month, generating $27.6 million in handle and $5.7 million in revenue.

iGaming in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia reached $345.8 million in November, up 124.2 percent year-over-year but contracting 3.2 percent from October’s record level.

Taken together, revenue from iGaming and sports betting accounted for 20.9 percent of total commercial gaming revenue in November, largely due to sportsbooks’ record month. That is the highest ever share for these nascent verticals, except for April and May 2020 when nearly all casinos were shuttered.

About the Report
AGA’s Commercial Gaming Revenue Tracker provides state-by-state and nationwide insight into the U.S. commercial gaming industry’s financial performance. Monthly updates on AmericanGaming.org feature topline figures based on state revenue reports while quarterly reports provide a more detailed analysis covering the three previous months.