Thanks in part to ever-expanding sports betting, the commercial game isn’t just making a comeback in 2021 from the challenges of 2020 and COVID-19, it’s had a record year.
Follow United States Gaming Association State Report 2022, the commercial game reached $53.03 billion in revenue in 2021 — breaking the previous record set in 2019 of 21.5%. This followed a pandemic-affected 2020 that saw a severe drop.
US annual commercial game revenue
The Enlightenment State report from the AGA details the financial performance of the commercial gaming industry and provides analyzes of each of the 34 jurisdictions with commercial gaming activity as of last year. 2021. The report also previews opportunities and challenges in each state.
The growth in gaming over the last year has seen a corresponding growth in money generated to state and local governments from commercial gaming operations. That number hit a record $11.69 billion — an increase of 75% from 2020 and 15% from 2019. That doesn’t include billions of people paying additional income and sales taxes.
“Our industry success extends beyond profits and reaches communities across the country,” said Bill Miller, president and CEO of AGA. “Recognized state and local tax contributions fund critical services from infrastructure and education to health care and emergency services.”
As reported by Equibase earlier this year, pari-mutuel betting on the US Thoroughbred race also has a strong 2021, as the handle improves 11.86% to nearly $12.22 billion. That marks the highest pari-mutuel lap in horse racing since 2009. It’s a particularly impressive mark when you consider that in 2021, the number of races will be about a third less than the year. 2009 (49,368 races in 2009; 33,567 races in 2021.) That means a little over $364,000 on average have been wagered on every race in the United States in 2021; compared to just $249,453 in 2009.
The US State report for 2022 highlights the continued growth of sports betting — statistics show that industry efforts to bring race betting to sports betting platforms are very worth it. The report also notes the growth of casino-style bets offered online.
According to the report, all-time high sports betting and iGaming revenue played a key role in commercial gaming’s record year, with seven new sports betting markets launching in 2021 and two new sports betting markets. the new iGaming school will be active. In 2021, total commercial sports betting revenue reached $4.33 billion, up 179.7% year-on-year, while iGaming’s revenue for the year grew 138.9 percent year-on-year. period to $3.71 billion.
US annual commercial sports betting revenue by state
