By The commercial gaming industry keeps setting records as more states continue to legalize sports betting.
The American Gaming Association reports that Q2 2022 saw the industry accumulate $14.8 billion in revenue — a new quarterly record.
The figure — which encompasses all forms of legal gambling — represents a 3.3% increase over the previous record (Q4 2021) and an 8.8% increase year-over-year.
Sports betting was a big factor in the increased numbers.
With six new markets in the mix, that sector of the industry saw a 58.7% increase in revenue year-over-year.
The legal betting handle was $18.7B for the quarter — a 69% increase from the year before.
The $3.04B in sports betting revenue halfway through 2022 is pacing 63.9% ahead of 2021.
The momentum is likely to continue through the rest of the year and beyond — especially as college football and NFL get underway.
Earlier this month, Massachusetts became the latest state to legalize sports betting. It plans to start taking bets by football season.
Read the original article on FrontOfficeSports.com.
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