EILERS: N. America Revenue Brief – 2Q22

Based on reported figures and our proprietary estimates, we estimate total U.S. & Canada Gaming Revenue increased +12% y/y and +6% q/q to $30.0 billion in 2Q22. Compared with 2Q19, gaming revenue increased +27% and was likely the strongest period for US/Canada gambling revenue on record, following 3Q21 & 4Q21. See the Commercial Slot Revenue slide for more commentary, but results were driven by still strong macro-economic tailwinds and expanded gambling offerings (sports betting, iGaming, Route Ops growth).