Based on reported figures and our proprietary estimates, we estimate total U.S. & Canada Gaming Revenue increased +14% y/y and +5% q/q to $32.9 billion in 1Q23, another record period. Compared with 1Q19, gaming revenue increased +40% versus +30% in the prior quarter. 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). See the Total Slot and Table sections for our CY23 forecasts for each segment.
