Press Releases
Q1 2024 Commercial Gaming Revenue Sets New Quarterly High, Marks 13th Straight Month of Industry Growth
![q1-2024-commercial-gaming-revenue-sets-new-quarterly-high,-marks-13th-straight-month-of-industry-growth](https://recentslotreleases.com/wp-content/uploads/2024/05/136117-q1-2024-commercial-gaming-revenue-sets-new-quarterly-high-marks-13th-straight-month-of-industry-growth.jpg)
AGA State of the States Report Shows Record $14.67 Billion in 2023 Commercial Industry Tax Contributions.
U.S. commercial gaming revenue reached a quarterly record of $17.67 billion in Q1 2024, the industry’s 13th consecutive quarter of growth, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The quarter was punctuated by March revenue of $6.09 billion, the industry’s second-highest grossing month ever.
“While gaming’s momentum remains strong, 2024 will be the new baseline for future growth after several years of sports betting legalization and post-pandemic consumer shifts,” said AGA President and CEO Bill Miller. “Gaming’s continued growth relies on maintaining our commitment to innovation and responsibility.”
Commercial Gaming Revenue Tracker Highlights
Across the country, 11 state gaming markets set new quarterly revenue records, including Pennsylvania and New York, two of the nation’s largest commercial gaming markets.
Both retail and online gaming saw annual growth in Q1 2024, though at slower rates than in previous quarters. Retail gaming accounted for 70.7 percent of total revenue while online gaming represented its largest share ever, 29.3 percent. Looking closer at each sector:
- Traditional Gaming: Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.34 billion, a modest increase of 0.3 percent year-over-year that was hampered by severe January weather in regional gaming markets nationwide.
- Legal Sports Betting: Americans wagered a first-quarter record $36.86 billion on sports in Q1, generating $3.33 billion in quarterly revenue (+22.0% year-over-year). The growth compared to Q1 2023 was in part driven by new market launches in Kentucky, Maine, North Carolina and Vermont.
- iGaming: iGaming grossed an all-time high of $1.98 billion in Q1, a 26.1 percent year-over-year increase bolstered by Rhode Island’s iGaming market launch in March.
State of the States 2024
The AGA also released its annual State of the States report today, which provides the definitive state-by-state economic and regulatory analysis of U.S. commercial gaming in 2023 for policymakers, gaming stakeholders and industry observers.
State of the States 2024 details the record $14.67 billion in direct gaming tax revenue paid to state and local governments by commercial gaming operators in 2023—up 9.7 percent from 2022. This does not include the billions more paid in income, sales or other taxes.
“As gaming expands, more communities than ever are benefiting,” continued Miller. “We are proud to create jobs across the country, provide world-class entertainment experiences that offer safe alternatives to the pervasive illegal gambling market, and generate tax revenue to support critical public projects.”
Background
- AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the U.S. commercial gaming industry’s financial performance based on state revenue reports. This issue highlights Q1 2024 results.
- 37 states and the District of Columbia featured operational commercial gaming markets in Q1 2024, including casino gaming, sports betting and iGaming.
- AGA’s State of Play Map charts gaming’s economic impact, industry regulations and casino locations on a state-by-state basis for both the commercial and tribal gaming sectors.
Latest News
ThrillTech Partners with Coolbet to Provide Jackpot Solution, Enhancing Player Experience
![thrilltech-partners-with-coolbet-to-provide-jackpot-solution,-enhancing-player-experience](https://recentslotreleases.com/wp-content/uploads/2024/07/138280-thrilltech-partners-with-coolbet-to-provide-jackpot-solution-enhancing-player-experience.png)
ThrillTech is pleased to announce a strategic partnership with Coolbet, a leading online gaming company, to integrate ThrillTech’s innovative jackpot solution into Coolbet’s platform. This collaboration aims to elevate the player experience and drive engagement on the Coolbet platform.
According to ThrillTech’s CTO, Peter Mares, “We are thrilled to support an esteemed brand like Coolbet on their journey towards expansion and enhanced player offerings. Our cutting-edge jackpot solution is designed to captivate players and deliver a thrilling gaming experience.”
Coolbet’s President, Endre Nesset, expressed his enthusiasm for the new partnership, stating, “We are excited to introduce this new product to our brand, enabling our players to enjoy bespoke jackpots designed to elevate their gaming experience. This collaboration with ThrillTech aligns with our commitment to offering top-notch gaming entertainment to our valued customers.”
The integration of ThrillTech’s jackpot solution into Coolbet’s platform signifies a step forward in providing an enriched and personalized gaming experience for players. Stay tuned for more updates on the exciting developments resulting from this partnership.
The post ThrillTech Partners with Coolbet to Provide Jackpot Solution, Enhancing Player Experience appeared first on European Gaming Industry News.
Latest News
Push Gaming packs features galore into the big top in The Grand Show
![push-gaming-packs-features-galore-into-the-big-top-in-the-grand-show](https://recentslotreleases.com/wp-content/uploads/2024/07/138266-push-gaming-packs-features-galore-into-the-big-top-in-the-grand-show.png)
B2B gaming supplier Push Gaming has delivered a game that epitomises its passion for the slot experience, redefining the term ‘feature-rich’ in its new circus-themed release, The Grand Show.
Bursting with jackpots, instant prizes, a collector mechanic, super high-paying symbols and two bonus rounds, Push’s latest game delivers the splendour of the ring in classic theme gameplay packed with action.
Marrying that classic feel with contemporary features, Push has innovated further with its consecutive mechanic and merging of instant prizes and jackpots.
In the base game, instant prizes are collected by landing them alongside a top hat or consecutively after. In the bonus feature, merging can lead to even higher rewards for the duration of the feature.
Adding an extra layer of excitement, The Grand Show boasts two extensions to the base game with a bonus feature and a free spins round, each uniquely triggered, offering diverse gameplay experiences.
The bonus feature takes players on an exhilarating journey, featuring multipliers, boosters and merges for bigger prizes. Players also have the chance to trigger one of five jackpots from the Mini at 10x to the Grand Jackpot of 10,000x via its popular proprietary Nudge Up mechanic.
The popping colours and fabulous feel of the circus come together in a treat for the senses and mark its latest game that further strengthens its diverse slot portfolio.
Michael Engan, Game Producer at Push Gaming, said: “The Grand Show gives a new exciting feel to a take on a classic theme, while offering something new that will be remembered among the vast numbers of available games.
“With fantastic graphics, thrilling sound design and fresh gameplay, The Grand Show is another title that embodies Push’s love for slots”
The post Push Gaming packs features galore into the big top in The Grand Show appeared first on European Gaming Industry News.
Latest News
Make your lucky roll with Amusnet’s newest slot 7 & Crystals Dice
![make-your-lucky-roll-with-amusnet’s-newest-slot-7-&-crystals-dice](https://recentslotreleases.com/wp-content/uploads/2024/07/138268-make-your-lucky-roll-with-amusnets-newest-slot-7-crystals-dice.jpg)
With its new bright and shiny game Amusnet enriches its portfolio of dice slot games. Enjoy the classical 3×3 reels and the shiny symbols that will bring you exciting rewards.
The timeless look and simple gameplay of this slot promise a straightforward gameplay experience. Land the nine symbols in 5 paylines to score a winning combination and grab your prize. Watch out for the generous 7, it is the highest-paying symbol of the game. Our dice slots are based on our popular video slots, where the symbols have been redesigned to look like dice.
Gamble
Play the game and multiply your winning through the Gamble feature!
Jackpot Cards
Once the Jackpot Cards bonus game is triggered, impressive Jackpots are revealed!
The post Make your lucky roll with Amusnet’s newest slot 7 & Crystals Dice appeared first on European Gaming Industry News.
-
Uncategorized3 days ago
Musburger Media Purchases VSiN, The Sports Betting Network
-
Uncategorized2 days ago
GGPoker & Triton Poker Offer High-Roller And Super-High-Roller Events At 2024 WSOP Paradise
-
Uncategorized3 days ago
Betmotion unveils ‘Jogos do Betmotion’ competition to celebrate 2024 Olympics
-
Uncategorized2 days ago
Arizona Department of Gaming Releases May Sports Betting Figures
-
Uncategorized1 day ago
QTech Games recruits David Camacho to take the lead for LatAm markets
-
Uncategorized3 days ago
GGPoker & Triton Poker Offer High-Roller And Super-High-Roller Events At 2024 WSOP Paradise
-
Uncategorized1 day ago
QTech Games recruits David Camacho to take the lead for LatAm markets
-
Uncategorized1 day ago
QTech Games recruits David Camacho to take the lead for LatAm markets