From Nevada's glittering Strip to the booming digital sportsbooks in your pocket, the U.S. gambling industry shattered records in 2023, generating a staggering $66.5 billion in revenue and fundamentally reshaping American entertainment.
Key Takeaways
- In 2023, the US commercial gaming industry generated a record $66.5 billion in revenue, marking a 10% increase from 2022
- Nevada's gaming revenue reached $15.6 billion in fiscal year 2023, with Las Vegas Strip contributing $11.2 billion
- US sports betting handle exceeded $119 billion in 2023, up 27.6% year-over-year
- 64% of US adults gambled in the past year according to 2023 National Gambling Survey
- 49 million Americans participated in sports betting in 2023
- Online gambling participation rose to 20% of US adults in 2023 from 15% in 2021
- 2023 saw 81.9 million sports bets placed via legal channels
- NFL drives 35% of all US sports betting volume
- Post-PASPA, 38 states now offer legal sports betting as of 2024
- Online slots generated $4.2 billion in US iGaming revenue in 2023
- New Jersey leads iGaming states with $1.8 billion revenue in 2023
- Pennsylvania iGaming revenue reached $1.9 billion in 2023
- Las Vegas has 140+ casinos with 100,000+ slots and tables
- Nevada commercial casinos numbered 191 in 2023 generating $11.2B Strip revenue
- Tribal casinos operate in 29 states with 500+ facilities
The US gambling industry shattered revenue records in 2023 with rapid nationwide growth.
Casinos and Land-based
1Las Vegas has 140+ casinos with 100,000+ slots and tables
Verified2Nevada commercial casinos numbered 191 in 2023 generating $11.2B Strip revenue
Verified3Tribal casinos operate in 29 states with 500+ facilities
Verified4Atlantic City has 9 casinos producing $2.8B gaming revenue 2023
Directional5Pennsylvania has 16 casinos with $3.9B slots/tables revenue 2023
Single source6Mississippi 26 casinos earned $2.0B from slots in 2023
Verified7Detroit three casinos generated $1.6B revenue in 2023
Verified8Oklahoma 140+ tribal casinos dominate regional market
Verified9Florida tribal casinos like Seminole Hard Rock gross $3B+ annually
Directional10Illinois 10 riverside casinos $2.1B revenue 2023
Single source11Average US casino has 1,500 slots and 50 table games
Verified12Las Vegas table games win rate 15.2% in 2023
Verified1340% of casino revenue from high-limit slots
Verified14Biloxi Gulf Coast casinos top non-NV with $1.2B revenue
Directional15Missouri 13 casinos $1.1B slots revenue 2023
Single source16Indiana 13 casinos/table facilities $2.1B total 2023
Verified17Louisiana 15 riverboats $1.7B gaming win 2023
Verified18Ohio 11 casinos/racinos $1.8B revenue 2023
Verified19New Mexico 20 tribal casinos strong poker rooms
Directional20Washington state 30+ tribal casinos no commercial
Single sourceCasinos and Land-based Interpretation
It seems America's real national pastime is quietly funding itself, one relentless nickel slot and overconfident blackjack hand at a time, from coast to coast.
Consumer Participation
164% of US adults gambled in the past year according to 2023 National Gambling Survey
Verified249 million Americans participated in sports betting in 2023
Verified3Online gambling participation rose to 20% of US adults in 2023 from 15% in 2021
Verified4Men aged 18-34 represent 40% of sports bettors in the US
Directional518% of Americans used online sportsbooks in the past 12 months per 2023 AGA survey
Single source6Lottery is the most popular form of gambling with 47% participation rate among US adults
Verified723% of US adults visited a casino in the past year in 2023
Verified8Sports betting participation among millennials reached 47% in 2023
Verified912% of Americans engaged in daily fantasy sports in 2023
Directional10Women comprise 45% of online gamblers in the US as of 2023
Single source1176 million Americans are estimated sports bettors since PASPA repeal in 2018
Verified12Hispanic Americans have a 55% gambling participation rate, highest among ethnic groups
Verified1330% of Gen Z Americans placed a sports bet in 2023
Verified14Average American gambler spends $500 annually on lotteries
Directional1515% of US adults played poker online or in casinos in past year 2023
Single source16Baby boomers (55+) have 25% casino visitation rate
Verified178% of Americans participated in horse race betting in 2023
Verified18Online slots participation among US adults is 10% in 2023
Verified1962% of gamblers prefer mobile apps for betting
Directional20African Americans show 52% gambling participation rate per 2023 survey
Single source2135% of US sports fans bet on games weekly
Verified22Average age of US gamblers is 45 years old
Verified2322% of college students gamble online regularly
Verified24Binge gambling episodes reported by 5% of US adults annually
Directional2541% of high-income households ($100k+) gamble vs 30% low-income
Single source26Nevada attracts 42 million visitors annually, 70% gamble
Verified2714% of US adults use casino apps without real money play
Verified28Sports betting most popular among urban residents at 25% participation
VerifiedConsumer Participation Interpretation
While the lottery remains America's favored flutter, the nation's betting habits reveal a digital, diverse, and disturbingly engaged new normal where nearly two-thirds of adults placed a wager, a mobile-obsessed surge led by young men betting on sports and propped up by everyone else from boomers at the slots to a rising tide of women online.
Online and iGaming
1Online slots generated $4.2 billion in US iGaming revenue in 2023
Verified2New Jersey leads iGaming states with $1.8 billion revenue in 2023
Verified3Pennsylvania iGaming revenue reached $1.9 billion in 2023
Verified4Michigan iGaming GGR was $1.9 billion in 2023
Directional5West Virginia online casino revenue $900 million since 2019 launch
Single source6Connecticut iGaming revenue $250 million in first full year 2023
Verified7Delaware iGaming table games dominate with 60% revenue share
Verified8Rhode Island iGaming launched 2024 with projections $100 million annual
Verified985% of iGaming players use mobile devices exclusively
Directional10Online poker revenue in US totaled $450 million in 2023 across legal states
Single source11Blackjack is the top online table game with 35% player preference
Verified12RTP for US online slots averages 96%
Verified1312 million active iGaming accounts in US as of 2023
Verified14Live dealer games revenue up 50% to $300 million in 2023
Directional15BetMGM leads iGaming operators with 25% market share
Single source16DraftKings Casino holds 20% share in multi-state iGaming
Verified17FanDuel online casino revenue $1.2 billion in 2023
Verified18Crypto gambling sites attract 5% of US online players
Verified19Average iGamer session length is 45 minutes daily
Directional20US iGaming projected to reach $15 billion by 2028
Single source21Slots contribute 70% of total iGaming revenue
Verified2240 states allow online lottery sales with $10 billion handle
Verified23Problem gambling helpline calls up 30% post-iGaming expansion
Verified24Nevada approved iGaming regulations in 2024 for future launch
Directional25Illinois iGaming bill proposed with $2 billion revenue projection
Single source2628% of online gamblers play slots exclusively
Verified27US iGaming ad spend reached $500 million in 2023
VerifiedOnline and iGaming Interpretation
It seems America’s appetite for online slots is so voracious that while state coffers are ringing with billions, the only thing outpacing the revenue is the growing number of calls to problem gambling helplines.
Revenue and Market Size
1In 2023, the US commercial gaming industry generated a record $66.5 billion in revenue, marking a 10% increase from 2022
Verified2Nevada's gaming revenue reached $15.6 billion in fiscal year 2023, with Las Vegas Strip contributing $11.2 billion
Verified3US sports betting handle exceeded $119 billion in 2023, up 27.6% year-over-year
Verified4Commercial casino gaming revenue hit $53.7 billion in 2019 pre-pandemic peak
Directional5New Jersey iGaming revenue topped $1.6 billion in 2023
Single source6US tribal gaming revenue was $39.4 billion in 2022
Verified7Pennsylvania gaming revenue reached $5.7 billion in fiscal 2023
Verified8Michigan online gaming and sports betting generated $2.3 billion in revenue in 2023
Verified9The US gambling market is projected to grow to $104.44 billion by 2028 at a CAGR of 10.2%
Directional10Las Vegas Strip casinos reported $8.85 billion in gaming revenue for 2023
Single source11US iGaming gross gaming revenue grew 24% to $5.02 billion in 2023
Verified12Illinois sports betting revenue hit $2.3 billion in fiscal 2023
Verified13Total US gaming taxes paid by industry reached $14.3 billion in 2023
Verified14Indiana casino revenue was $2.16 billion in 2023
Directional15Ohio launched sports betting with $1.1 billion handle in first month December 2022
Single source16US lottery sales totaled $112.4 billion in fiscal 2023
Verified17Maryland mobile betting generated $248 million in tax revenue since launch in 2021
Verified18Atlantic City casinos grossed $2.8 billion in gaming revenue in 2023
Verified19Colorado sports betting handle surpassed $5 billion in 2023
Directional20Mississippi gaming revenue was $2.5 billion in fiscal 2023
Single source21US parimutuel wagering handle was $11.7 billion in 2022
Verified22Louisiana riverboat casinos earned $1.9 billion in 2023
Verified23West Virginia iGaming revenue reached $150 million in 2023
Verified24Rhode Island sports betting revenue was $138.7 million in fiscal 2023
Directional25Delaware online gaming revenue hit $155 million in 2023
Single source26Connecticut iGaming and sports betting generated $450 million in first year 2021-2022
Verified27New York sports betting handle exceeded $16 billion in first nine months post-launch 2022
Verified28Iowa gaming revenue was $1.6 billion in fiscal 2023
Verified29Kansas sports betting launched with $100 million handle in first month September 2022
DirectionalRevenue and Market Size Interpretation
America’s long-standing love affair with betting has evolved into a full-blown, multi-billion dollar marriage, complete with a sportsbook for a ring and state budgets as the happily (and dependently) wedded.
Sports Betting
12023 saw 81.9 million sports bets placed via legal channels
Verified2NFL drives 35% of all US sports betting volume
Verified3Post-PASPA, 38 states now offer legal sports betting as of 2024
Verified4Average sports bet size increased to $50 in 2023 from $35 in 2021
Directional5NBA betting handle represents 20% of total sports wagering
Single source667% of legal sports bets placed online/mobile in 2023
Verified7Super Bowl betting handle hit $7.6 billion in 2024
Verified8College football betting peaks at 25% of annual handle
Verified9Live/in-play betting accounts for 50% of sports betting volume
Directional10MLB baseball wagering generates $4 billion annually
Single source1126% hold percentage for sportsbooks in 2023
Verified12NHL hockey betting rising 15% YoY to $1.2 billion handle
Verified13Prop bets surged 300% since 2018 legalization wave
Verified14DraftKings holds 35% market share in US sports betting
Directional15FanDuel commands 42% of online sports betting market
Single source16Golf betting handle up 40% to $1 billion in 2023
Verified17UFC/MMA wagering reached $800 million in 2023
Verified18Esports betting in US grew to $500 million handle
Verified19Tennis betting popular among women bettors at 15% participation
Directional20Soccer (MLS/EPL) betting handle $2.5 billion annually
Single source21Auto racing (NASCAR/F1) generates $600 million in bets
Verified22Problem gambling rate among sports bettors is 3.5%
Verified23New York leads states with $2 billion sports betting revenue 2023
Verified24Parlays account for 25% of all sports wagers placed
Directional25US online sports betting market valued at $37 billion in 2023
Single sourceSports Betting Interpretation
The NFL might be driving the bus, but with prop bets soaring, parlay wagers multiplying, and Americans now legally tossing $50 average bets across 38 states, it's clear that the post-PASPA gold rush has turned the sportsbook into the nation's most high-stakes, statistic-driven, and alarmingly profitable arena.
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