{"id":832,"date":"2023-07-31T10:01:11","date_gmt":"2023-07-31T09:01:11","guid":{"rendered":"https:\/\/bestbettingcasinos.com\/us\/gambling-news\/us-igaming-growth-shows-shift-to-digital-gambling\/"},"modified":"2023-07-31T10:01:11","modified_gmt":"2023-07-31T09:01:11","slug":"us-igaming-growth-shows-shift-to-digital-gambling","status":"publish","type":"post","link":"https:\/\/bestbettingcasinos.com\/us\/gambling-news\/us-igaming-growth-shows-shift-to-digital-gambling\/","title":{"rendered":"US iGaming growth shows shift to digital gambling"},"content":{"rendered":"

According to the American Gaming Association (AGA) commercial gaming growth slowed down in May for the fourth consecutive month in a row. The total gross gaming revenue (GGR) increased year-on-year by 6,4% in May. The total GGR came in at $5.49 billion<\/a>. Looking at the first five months of the year the total GGR is up by 12,4% to a total of $27.59 billion.<\/p>\n

Although these numbers look very promising they actually represent a slowing down in growth of the American gambling sector. The first month of the year was a very strong one with a growth of over 20% year-on-year.<\/p>\n

Strong month for sports betting and iGaming<\/h2>\n

Although the overall growth numbers are slowing down sports betting and iGaming did very well in May. This is in line with a trend we have seen in the last few months.<\/p>\n

The sports betting GGR increased with a whopping 41,5% in May to a total of $864 million. iGaming also showed very good numbers, there was a 22,4% uplift in GGR to a total of $498 million.<\/p>\n

Looking at the first months of the year then we can see sports betting revenues has been really strong. During the five month period sports betting have shown a 64,9% growth. iGaming also did well, but not as good. iGaming GGR growth came in at 22,3% during the first five months of the year.<\/p>\n

The most gaming revenue in May was brought in by slots, which showed a small growth number of 1,3% up to $2.98 billion. For the whole year slots GGR up is now 5.1% compared to the 2022 numbers.<\/p>\n

Table games revenue was the only niche where revenue dropped in May, by 4.8% to a total of $834.3 million. For the full year the revenue is still up by 1.9% year-on-year. With this number the table games niche is the vertical with the lowest growth rate.<\/p>\n

Shift to digital gambling<\/h2>\n

All numbers from the AGA show a strong ongoing shift towards digital gambling. While revenue from land-based venues dropped by 0.6% in May, online gambling GGR grew by a whopping 43.4%.<\/p>\n

\"US<\/p>\n

Part of the increase was probably caused by the launch of online sports betting<\/a> in Kansas<\/a>, Maryland<\/a>, Massachusetts, and Ohio. Both Massachusetts and Ohio already came in as two of the top five highest grossing sports betting states in May with revenues of $62 million and $58 million.<\/p>\n

Even without the revenue from new sports betting markets and online expansion, sports betting revenue was up by 24,2% compared to May 2022.<\/p>\n

New York remains King<\/h2>\n

New York stayed the biggest sports betting market in the US in May. The state recently reported a big growth number year-on-year. Sports betting revenue was up 7.9% up to a total of $1.36 billion compared to May 2022, although it was down 11.7% compared to April. The GGR in May was the lowest amount since September 2022. This was mainly due to a low amount of big sports betting events.<\/p>\n

Fanduel<\/a> remained the biggest name in New York<\/a>, with a total of $76 million in revenue in May. Other big players where DraftKings<\/a> ($47.7 m), Caesars<\/a> ($13.9 m), BetMGM<\/a> ($8.9m), and Rush Street Interactive ($3.2 m).<\/p>\n

Behind New York, Illinois and New Jersey sports betting<\/a> also did really well revenue-wise. Illinois reported a total revenue of $89 million and New Jersey brought in a total revenue of $82 million.<\/p>\n

Corona-sparked growth numbers seem to slow down<\/h2>\n

The overall figures of the AGA show that the \u2018\u2019corona-sparked growth\u2019\u2019 of gambling revenues seems to have slowed down. Although this is the case 24 out of the 33 commercial gaming jurisdictions reported a year-on-year revenue uplift.<\/p>\n

A total of 9 states reported a decline in gambling revenue. This decline was mainly caused by lower revenues in the traditional casino segment as well as less sports betting revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the American Gaming Association (AGA) commercial gaming growth slowed down in May for the fourth consecutive month in […]<\/p>\n","protected":false},"author":3,"featured_media":833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling-news"],"acf":[],"yoast_head":"\nUS iGaming growth shows shift to digital gambling<\/title>\n<meta name=\"description\" content=\"During May 2023 there was a 22,4% uplift in online gross gaming revenue to a total of $498 million compared to a year earlier.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bestbettingcasinos.com\/us\/gambling-news\/us-igaming-growth-shows-shift-to-digital-gambling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US iGaming growth shows shift to digital gambling\" \/>\n<meta property=\"og:description\" content=\"During May 2023 there was a 22,4% uplift in online gross gaming revenue to a total of $498 million compared to a year earlier.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bestbettingcasinos.com\/us\/gambling-news\/us-igaming-growth-shows-shift-to-digital-gambling\/\" \/>\n<meta property=\"og:site_name\" content=\"\ud83c\uddfa\ud83c\uddf8 Best Betting Casinos - 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