The American Gaming Association has just revealed the commercial gaming revenue in the United States for 2024, and it has reached more than $71.9 billion. According to the Commercial Gaming Revenue Tracker of the AGA, this total has even surpassed the previous year's total of $66.5 billion. This means the industry has marked its fourth consecutive record-breaking year.

The US commercial gaming industry achieved an all-time high revenue of $71.92 billion last year, marking a 7.5% increase from the previous record of $66.5 billion set in 2023. The American Gaming Association's Commercial Gaming Revenue Tracker confirmed the sector's fourth consecutive year of record-breaking performance.

The record-breaking year was capped by an unprecedented fourth-quarter revenue amounting to $18.62 billion, setting a new single-quarter high for the industry.

Strong demand fuels gaming growth

"In 2024, Americans embraced the diverse legal gaming options available to them - whether in casinos, at sportsbooks, or online - leading to another record-setting year for our industry," said CEO and AGA President Bill Miller. He continued, "As we build on this success, the AGA remains committed to fostering additional growth that benefits consumers, operators, and communities alike."

Online gaming played a significant role in the industry's expansion, accounting for 30% of total nationwide gaming revenue and generating a new record amount of $21.54 billion.

Breakdown of key gaming sectors

Traditional casino gaming: Onsite casinos, including slot machines and table games, brought in $49.78 billion, reflecting a slight but steady increase from 2023. Among the 27 states with commercial casinos, 12 reported record-setting revenue figures.

Sports betting: Legal sports betting soared in 2024, generating $13.71 billion - an impressive 25.4% rise from the $11.04 billion recorded in 2023. The surge was particularly evident in Q4, which saw the industry's highest-ever quarterly earnings of $3.66 billion. Illinois and New Jersey both surpassed $1 billion in their revenue for sports betting for the first time.

iGaming: Online casino gaming continued its upward trajectory, with revenue climbing 28.7% year-over-year to reach $8.41 billion. All six of the previously established iGaming markets achieved record-high annual earnings.

Among the top 20 commercial gaming markets, six reported revenue growth in 2024. The Las Vegas Strip maintained its dominance as the nation's leading gaming hub, followed by New Jersey, Baltimore, Washington, D.C., and Chicagoland. In a notable shift, the Queens/Yonkers market ascended into the top five, overtaking the Mississippi Gulf Coast.

Record contributions to state and local governments

The commercial gaming industry's financial impact extended beyond the casino floors, with gaming operators contributing approximately $15.66 billion with regards to gaming taxes to state and local governments - a substantial year-over-year increase of 8.5%. Additional billions of tax revenue was generated through corporate taxes, including sales, income, and payroll taxes.

"The sustained growth of legal gaming is a win for our industry and the consumers and communities we serve," Miller emphasized. "Every dollar of gaming revenue fuels jobs, investment, and economic growth - reinforcing why the legal industry's expansion is so important."

The industry's outlook and future developments

With the commercial gaming industry showing no signs of slowing down, experts predict continued expansion in online gaming, sports betting, and traditional casino markets. As operators, regulators, and legislators navigate the evolving landscape, the industry remains a powerful driver of economic growth across the United States.