The launch of sports betting in new states within the last year played a pivotal role in this surge. The nationwide handle, totaling $12.16 billion, surpassed the previous year by a remarkable 25.5%. This marks a 38.8% increase compared to October 2022. One of the standout performers in October was the sports betting sector, achieving a new pinnacle with operators reporting a record-breaking $1.13 billion in revenue. This surge is largely attributed to the successful integration of online sports betting in Kansas, Kentucky, Maryland, Massachusetts, and Ohio within the past year. On the flip side, online gaming exhibited a remarkable surge, with a notable 34.4% year-over-year growth. Traditional casino gaming, encompassing casino slots, table games, and retail sports betting, experienced a modest 2.2% dip, contributing $3.95 billion to the total revenue. It also marks the industry’s 32nd consecutive month of Y-O-Y growth. gaming history, trailing only behind March and September of this year. This figure represents a 5.9% increase compared to the same period last year and ranks October 2023 as the third highest-grossing month in U.S. commercial gaming industry has reported a record-setting $5.62 billion in total revenue for the month of October, according to data compiled by the American Gaming Association (AGA) from state regulators.
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