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Q1 2024 Commercial Gaming Revenue Sets New Quarterly High, Marks 13th Straight Month of Industry Growth

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AGA State of the States Report Shows Record $14.67 Billion in 2023 Commercial Industry Tax Contributions.

U.S. commercial gaming revenue reached a quarterly record of $17.67 billion in Q1 2024, the industry’s 13th consecutive quarter of growth, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The quarter was punctuated by March revenue of $6.09 billion, the industry’s second-highest grossing month ever.

 

 

“While gaming’s momentum remains strong, 2024 will be the new baseline for future growth after several years of sports betting legalization and post-pandemic consumer shifts,” said AGA President and CEO Bill Miller. “Gaming’s continued growth relies on maintaining our commitment to innovation and responsibility.”

Commercial Gaming Revenue Tracker Highlights

Across the country, 11 state gaming markets set new quarterly revenue records, including Pennsylvania and New York, two of the nation’s largest commercial gaming markets.

Both retail and online gaming saw annual growth in Q1 2024, though at slower rates than in previous quarters. Retail gaming accounted for 70.7 percent of total revenue while online gaming represented its largest share ever, 29.3 percent. Looking closer at each sector:

  • Traditional Gaming: Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.34 billion, a modest increase of 0.3 percent year-over-year that was hampered by severe January weather in regional gaming markets nationwide.
  • Legal Sports Betting: Americans wagered a first-quarter record $36.86 billion on sports in Q1, generating $3.33 billion in quarterly revenue (+22.0% year-over-year). The growth compared to Q1 2023 was in part driven by new market launches in Kentucky, Maine, North Carolina and Vermont.
  • iGaming: iGaming grossed an all-time high of $1.98 billion in Q1, a 26.1 percent year-over-year increase bolstered by Rhode Island’s iGaming market launch in March.

State of the States 2024

The AGA also released its annual State of the States report today, which provides the definitive state-by-state economic and regulatory analysis of U.S. commercial gaming in 2023 for policymakers, gaming stakeholders and industry observers.

State of the States 2024 details the record $14.67 billion in direct gaming tax revenue paid to state and local governments by commercial gaming operators in 2023—up 9.7 percent from 2022. This does not include the billions more paid in income, sales or other taxes.

“As gaming expands, more communities than ever are benefiting,” continued Miller. “We are proud to create jobs across the country, provide world-class entertainment experiences that offer safe alternatives to the pervasive illegal gambling market, and generate tax revenue to support critical public projects.”

 

Background

  • AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the U.S. commercial gaming industry’s financial performance based on state revenue reports. This issue highlights Q1 2024 results.
  • 37 states and the District of Columbia featured operational commercial gaming markets in Q1 2024, including casino gaming, sports betting and iGaming.
  • AGA’s State of Play Map charts gaming’s economic impact, industry regulations and casino locations on a state-by-state basis for both the commercial and tribal gaming sectors.

 

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Introducing the Winners of the 2024 Game Developer Awards

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Play’n GO, Playtech, Elk Studios, Pragmatic Play and streamer CasinoDaddy were some of the big names celebrating victories at the 2024 edition of the Game Developer Awards ceremony.

Concluding the final day of the highly successful CasinoBeats Summit, the illustrious awards ceremony, which took place at the Hilton Malta, was a night dedicated to honouring the remarkable achievements of the iGaming industry.

The evening witnessed the return of veteran host Trudy Kerr, alongside award-winning game developer John Romero, as they handed out 28 awards to accomplished operators, game studios and individuals.

Award categories included:

  • Game Performance,
  • Streamers,
  • Game Creation,
  • Game People,
  • SlotCatalog,
  • Casino Platform, and
  • Best Game Release.

Rasmus Sojmark, Founder and CEO of SBC, said: “The Game Developer Awards offers a pivotal opportunity to honour the remarkable accomplishments of the industry, celebrating both regional and global brands as well as individual talent. This year’s shortlist was by far the most competitive we have seen, and I would like to congratulate all our esteemed winners.”

It was a good night for Play’n GO, who secured the prestigious SlotCatalog’s Game Studio of the Year (Large) award for the second consecutive year, whilst also picking up the Game Music / Soundtrack accolade for their title Hugo Legacy.

The game creation categories saw:

  • Playtech once again take home the Game Licensed Content award for their work on Breaking Bad: Cash Collect & Link.
  • Hacksaw Gaming was awarded Game Feature of the Year for their title Chaos Crew 2,
  • Relax Gaming was honoured with the Game Design & Art Direction award for Money Train 4, and
  • GAMOMAT was named winner of the Game Retro-Style award for Fancy Fruits Deluxe.

Pragmatic Play notably took home two awards on the night, winning both the Game Mechanic of the Year award for their MultiHold mechanic and Slot Legacy Title for Gates of Olympus.

The SlotCatalog categories saw:

  • GAMOMAT return to the stage to pick up their second award of the night for Best Game Development Company Central Europe, while
  • Playson was awarded Best Game Studio In Development Countries.
  • Reel Kingdom secured the SlotCatalog’s Game Studio of the Year (Medium) award,
  • Fortune Factory Studios was named SlotCatalog’s Game Studio of the Year (Small) and
  • IGT Play Digital claimed SlotCatalog’s Best Game Development Company North America.

The coveted SlotCatalog’s Rookie of the Year accolade was presented to industry newcomers Area Vegas.

In honour of the individual achievements in the industry, the Game People categories saw:

  • Andrei Filipovich of Aviatrix awarded Game Designer of the Year,
  • Julia Aliakseyeva from BGaming named Product Manager of the Year and
  • PearFiction Studios’ Jean-Pierre Larouche presented with the Game Composer of the Year award.

EveryMatrix won the Aggregator of the Year award, The Mill Adventure was awarded Platform Innovation of the Year, while the Best Game Release award went to Lambda Gaming for 8Bit Football Twinko.

This year’s edition saw the introduction of two new awards:

  • the FTN Game of the Year award which was sponsored by BetConstruct and presented to Rubyplay for Mad Hit Olympic First, and
  • the CasinoBeats Annual Community Recognition Award which was awarded to SoftConstruct for its work on BFTH Arena.

It was a big night for CasinoDaddy who took home the esteemed Streamer of the Year award, while The Slot Beasts and Haddzy were recipients of two new Streamer awards, Responsible Streamer of the Year and Next-Gen Streamer of the Year, respectively.

In the Game Performance categories:

  • PowderKeg Studios claimed the Slot Debut award for their title Munition Mines,
  • Stormcraft Studios won Slot to Watch for their work on Immortal Romance 2, while
  • Light & Wonder and Netflix took home Slot Collaboration of the Year for Squid Game.

The illustrious Slot of the Year award went to Elk Studios for Pirots 2.

“Last night’s ceremony was a tremendous success and proved to be a truly memorable night. I would like to thank our official partner Gaming Malta, alongside all our supporting sponsors for their help in honouring the incredible achievements of the industry” Sojmark added.

The awards ceremony concluded the final day of the CasinoBeats Summit, which saw 4,500 industry professionals convene at the InterContinental Hotel in Malta, the hub of iGaming.

 

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FBM Foundation helps Rio Grande do Sul communities with substantial donation from FBM Brazil

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In a heartfelt display of solidarity, the FBM Foundation has announced a significant milestone in its ongoing commitment to humanitarian causes through FBM Brazil’s support.

A generous donation of 500 grocery baskets, 500 personal hygiene kits, and 9,000 liters of water will be delivered and distributed to struggling communities in Rio Grande, Brazil. This effort will be carried out in partnership with Central Única das Favelas (CUFA) in Porto Alegre, with J&T Express Brazil and Correios Sedex Brasil providing transportation.

The most recent and devastating Rio Grande natural disasters, that provoked floods, landslides, and extreme weather events, have left communities grappling with immense challenges, from widespread displacement to the destruction of homes, infrastructure, and livelihoods.

Given the context of these calamities and the urgent need to assist these families, FBM Foundation’s donation emerged as a powerful alliance dedicated to promoting positive change in communities worldwide. With FBM Brazil’s substantial contribution, the organisation aims to make an impact in supporting these communities.

Beyond financial assistance, FBM Foundation recognizes the power of awareness and advocacy in driving meaningful change. Through strategic communication efforts, the organisation aims to raise awareness for additional support from like-minded individuals and organizations.

At the heart of this donation lies a shared vision of creating a brighter, more inclusive world for all. By supporting Rio Grande do Sul, FBM Foundation reaffirms its commitment to making a tangible difference in the lives of those in need.
“As a foundation deeply rooted in Brazilian heritage, FBM Foundation takes pride in its origins and the rich cultural background of Brazil. We have a legacy shaped by the spirit of proximity, compassion, and innovation, so we want to honour its Brazilian roots while embracing a global perspective in its solidarity endeavours”, shares Renato Almeida, Director at the FBM Group.

As we continue this journey of solidarity, FBM Foundation invites individuals and entities alike to join hands in creating a brighter future for all. Through collective actions, we can uplift communities, inspire change, and leave a lasting impact on the world.

 

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SUPREMELAND GAMING WINS “SLOT TO DEBUT” AWARD AT CASINOBEATS GAME DEVELOPER AWARDS

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The iGaming Disruptors Achieve Sucess with Munition Mine™ as Part of 2024 Casino Beats Summit.

Supremeland Gaming, Inc. has emerged victorious with the “Slot to Debut” award at the 2024 CasinoBeats Game Developer Awards. The winning title, Munition Mine™, is the debut title from Powderkeg Studios, a Supremeland Gaming Studio.

The Game Developer Awards recognize outstanding achievement across the iGaming industry. The winners were announced on May 23rd, 2024, at a ceremony coinciding with the CasinoBeats Summit in Malta.

Rickard Öhrn, CEO of Supremeland Gaming, said: “This recognition is a testament to the hard work and creativity of our entire team, notably under the leadership of our creative director, Peter Wasielewski. We are dedicated to delivering innovative and engaging gaming experiences, and Munition Mine™ embodies that commitment. Thank you to the judges and our incredible players who have embraced this game with such enthusiasm.”

Supremeland Gaming has undergone tremendous growth recently, including a partnership with EveryMatrix. Through Powderkeg Studios, Supremeland Gaming will develop exclusive content on EveryMatrix technology. The partnership will also allow EveryMatrix to distribute these titles for the US market via its SlotMatrix aggregation platform.
Supremeland’s game portfolio has garnered international appeal since its debut in November 2023. The innovative brand promises cutting-edge slot play, combining immersive storytelling & state-of-the-art graphics.

For more information, visit supremeland.io.

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