Gambling NewsIndustry

Gaming Industry Sets New Record with $5.6 Billion February Revenue

In the latest gambling industry news, the gaming industry has hit a new record, raking in a staggering $5.61 billion in revenue in the month of February. This impressive revenue comes from traditional casino games, sports betting, and iGaming. In fact, all of these sectors are seeing an increase in revenue from the same period last year, with the exception of slots.

The American Gaming Association (AGA) reports that this marks the 36th consecutive month of annual growth for the industry. This means that for the last 3 years, we are seeing remarkable growth in the gambling sector, which, if anything would be one of the best reasons to learn how to be a bookie. Especially now that online wagering is gaining more popularity across the country.

Breaking Down the Numbers in the Gaming Industry Revenue for February

Gaming Industry Sets New Record with $5.6 Billion February RevenueThe bulk of revenue comes in from traditional casino games. Slot machines and table games combined to generate a substantial $4.13 billion in February. While slot machines saw a modest 1.8% year-over-year increase, table games experienced a higher 12.8% increase, amounting to $916.2 million in revenue. As for iGaming, they record a new single-month revenue of almost $648 million, 31% higher than the same month last year.

Meanwhile, sportsbooks collected around 827 million in revenue across 31 states that reported their February data. The revenue is 22.3% higher from the same month in 2023. Americans wagered a total of $10.49 billion on sports during this period. This is 25% higher than the handle from February 2023. The demand for sports betting also continues to increase, as bookie pay per head solutions providers see more and more bookie registrations over the years. And with the software they offer, it is also very easy for you to become an online bookie and start earning, and be part of one of the most profitable industries today.

 

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