The American gaming sector is experiencing a surge, shattering revenue benchmarks for the second consecutive quarter! The sector amassed an impressive $15.17 billion in Q3, a 2% increase from Q2’s $14.81 billion.

This trajectory positions 2022 to be the most profitable year to date for the American gaming sector, with earnings already exceeding last year’s figures by almost 15% for the same timeframe.

Bill Miller, the top executive at the American Gaming Association (AGA), attributed these record-setting figures to robust consumer demand, even amidst the current economic difficulties. This sustained expansion, despite looming economic uncertainties, underscores the resilience and strength of the gaming industry at present.

Sports wagering also experienced a remarkable quarter, achieving an unprecedented $1.68 billion in revenue, marking an 80% surge compared to the previous year. This surge in sports wagering is not unexpected, as an increasing number of states are embracing legalization. In the past nine months alone, several states, including Kansas, have introduced legal sports wagering, with Ohio slated to follow suit on New Year’s Day. Maryland is also preparing for a launch before the year’s end, and Massachusetts will join the trend sometime in 2023. The outlook for American gaming, particularly sports wagering, appears promising!

Newly legalized sports wagering markets are a bonanza for these gaming operators, and they’re using every trick in the book to attract customers. DraftKings, as an illustration, offered a generous welcome package of $200 in bonus wagers simply for creating an account, along with an opportunity to win a share of a hefty $100,000 prize pool.