Commercial gaming revenue in the U.S. topped $60 billion last year for the first time ever, according to a new report from the American Gaming Association, driven by a modest rise in slot and table gaming revenue along with an explosion in sports betting that topped 2021’s record of $53 billion.

The American Gaming Association said that total was 10% higher than in 2022, which itself was a record-setting year. When revenue figures from tribal-owned casinos are released separately later this year, they are expected to show that overall casino gambling brought in close to $110 billion to U.S. casino operators in 2023. That all happened in a year in which inflation, while receding, still kept things like grocery and energy costs higher than they had been.

Not even the pre-holiday shopping crunch discouraged gamblers from laying their money down: casinos won $6.2 billion in December and $17.4 billion in the fourth quarter of 2023, both of which set records.

Five new sports betting markets that became operational in 2023 — Kentucky, Maine, Massachusetts, Nebraska and Ohio – contributed to that and generated a combined $1.49 billion in revenue. By the end of the year, Massachusetts and Ohio established themselves among the country’s top 10 sports betting states by revenue, New Jersey and Illinois exceeded $1 billion in annual sports betting revenue for the first time, and New York topped all states with $1.69 billion.