July was the biggest month ever for US gambling
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Commercial gaming revenue in the USA reached $34.27 billion in July. It was the third biggest month ever for US gambling. 2022 is well positioned to be another record year for commercial gambling in USA. The growth is more apparent when comparing June and July of the current year.
July was the biggest month ever for US gambling. The growth rate of revenues has cooled from the trajectory established in the late spring. Inflationary burden doesn't seem to be affecting players. iGaming was up over 28% for the month and more than 41% over the same year-to-date period in 2021. Sports betting performance was also up a little better at 34%. Land-based table gaming was nearly flat compared with a 3.5% increase over July 2021 and floor slots were down 1.4%. Table game revenues set a monthly record at nearly a billion dollars nationwide. AGA continues to lump illegal bookies in states with sportsbetting regulations in with unregulated “slot machines” in truck stops and convenience stores.
July was the biggest month ever for US gambling. AGA claims offshore casinos are illegal at the federal level, but they are not. The AGA also claims that offshore casino gambling is not licensed and doesn't practice international standards of identity and age verification or anti-money laundering. Most of AGA's warnings relate to illegal offshore bookmakers. Sports betting across state lines has been illegal since 1961. Players have no protection in customer disputes in the regulatory framework.
