July 2022 Commercial Gaming Revenue
U.S. commercial gaming revenue reached $5.06 billion in July, a year-over-year increase of 2.8 percent. July is the third-highest grossing month of all time for the industry and marks the fourth month in the past five with gaming revenue surpassing $5 billion.
Sequentially, July revenue jumped 8.0 percent driven by an 8.6 percent increase in land-based gaming from June. Revenue from sports betting and iGaming and sports betting gained 7.9 percent and 1.2 percent respectively.
Despite a demanding macroeconomic environment and persistent concerns about the health of U.S. consumer budgets, the commercial gaming industry is well positioned for a second consecutive record-setting year. Through July, commercial gaming revenue reached $34.27 billion, a 15.5 percent increase from the same period in 2021.
While national gaming revenue growth has slowed significantly since the late spring due to more difficult annual comparisons, higher gas prices and increasing interest rates have not resulted a steep drop-off in gaming revenue. The gaming industry has repeatedly weathered high gas prices over the past two decades and although higher interest rates and inflation are impacting operator costs, it does not yet appear to be driving dramatic changes to gaming consumer behavior.