US gaming revenue is expected to reach a record in 2018 following a profitable Q3.

The American Gaming Association (AGA) released figures indicating a 6.1% year-on-year increase in US gambling revenue for the three months ending September 30. This marks the 11th consecutive quarter of annual revenue growth, representing the best third quarter on record.

All sectors within the industry, including land-based casinos and igaming, achieved all-time quarterly highs. However, the growth rate of the industry slowed for the second consecutive quarter, attributed to more challenging year-on-year comparisons.

The AGA's report, covering 33 commercial gaming jurisdictions operational a year ago with complete data available through September, revealed that 17 of them experienced an increase in third-quarter revenue from 2022. Notably, five states, including Nevada and New Jersey, the two largest commercial gaming markets in the country, set new single-quarter records.

 

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The recent figures released by the American Gaming Association (AGA) highlight the continued growth of the US gambling industry. The 6.1% year-on-year increase in gambling revenue for the third quarter of 2018 marks the 11th consecutive quarter of annual revenue growth, making it the best third quarter on record.

All sectors within the industry, including land-based casinos and online gambling (igaming), achieved all-time quarterly highs. This demonstrates the widespread success and popularity of gambling across various platforms. However, it is important to note that the growth rate of the industry has slowed for the second consecutive quarter. This is due to more challenging year-on-year comparisons, indicating that it may be becoming more difficult for the industry to sustain such rapid growth.

The AGA's report covers 33 commercial gaming jurisdictions that were operational a year ago, and it includes complete data available through September. Out of these jurisdictions, 17 experienced an increase in third-quarter revenue compared to the same period in 2017. It is worth highlighting that five states, including Nevada and New Jersey, the two largest commercial gaming markets in the country, set new single-quarter records. This indicates that certain regions are driving the growth of the industry more significantly than others.

Overall, these figures portray a positive outlook for the US gambling industry. The record-breaking third quarter and continuous annual revenue growth demonstrate its robustness and the increasing acceptance and popularity of gambling in the country. However, it will be interesting to monitor whether the industry can maintain this level of growth going forward, considering the more challenging year-on-year comparisons.