The month of March just set a new all-time American gambling revenue record, bringing in $5.31 billion from slot machines, table games, sports betting and even online gambling! This brings the first quarter nationwide revenue totals for the first quarter of this year to over $14.3 billion, just short of the single-quarter revenue record set in the fourth quarter of last year.
March revenue was up 18.5% from the same time last year, when most casinos were operating at or near full capacity. The first quarter of 2022 saw gaming revenue accelerated almost 29% from last year and 34% when compared the same time in 2019.
American gambling revenue for land-based casino slot and table games generated $11.5 billion in first quarter, a 22.7% gain year-over-year and an increase of 10.6% from the first quarter of 2019. Land-based gaming revenue has traditionally been lower in the first quarter, a trend that appears to have continued this year. While slot and table revenue was up year-over-year it declined compared to quarters 2 through 4 of last year.
While land-based performance drove overall gaming revenue, sports betting and online gaming continued to see tremendous growth in the first quarter, with both segments setting all-time quarterly records on the back of healthy growth in existing markets and new state launches, with New York being the most notable.