Figures released by the American Gaming Association (AGA) show that New Mexico had the sixth-highest gaming revenue growth among all 50 states and the District of Columbia.
The figures show New Mexico’s gaming revenue grew 20.5 percent from 2021 to 2022, ranking only below Michigan (20.7 percent increase), Illinois (25.5 percent increase), New Hampshire (52.3 percent increase), New York (55.9 percent increase), and Oregon (62.8 percent increase).
In 2022, New Mexico took in $262.0 million in gaming revenue versus $217.5 million in 2021.
Nationally, legal gaming brought in $60.4 billion in revenue in 2022, which broke an annual record for two consecutive years.
“In 2022, the Las Vegas Strip and Atlantic City retained their top commercial market positions. The Baltimore-Washington, D.C. market reclaimed its position as the nation’s third largest gaming market, besting Chicagoland (fourth) and the Mississippi Gulf Coast (fifth) which round out the top five,” according to AGA.
“Twenty-five of the 28 states on the list increased gambling revenue from 2021 to 2022. New York brought in $909 million in revenue in its first year of legalized sports betting sites. Oregon has tried to expand wagering into college sports but has yet to be successful. New Hampshire has traditionally drawn wagers from neighboring Massachusetts, which, as of 2023, is allowing online and mobile sports wagering,” reported KRDO News.
“Our industry significantly outpaced expectations in 2022,” said AGA President and CEO Bill Miller. “Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefitting communities, and taking market share from the predatory, illegal marketplace.”