U. S. Commercial Gaming Revenue Reaches $71.92 Billion in 2024

American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. This marks a 7.5% increase from 2023’s previous record of $66.5 billion and represents the fourth consecutive year of record-breaking growth.

The year concluded with an all-time high in fourth-quarter revenue, totaling $18.62 billion.

AGA President and CEO Bill Miller noted the industry’s continued expansion, stating, “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.”

Breakdown of Gaming Revenue Sectors

Revenue from brick-and-mortar casino slot machines and table games reached $49.78 billion in 2024, reflecting a modest increase of 0.8% from the previous year. Notably, 12 out of 27 traditional gaming markets set new state revenue records.

Sports betting revenue experienced significant growth, climbing to $13.71 billion—an increase of 25.4% from 2023’s total of $11.04 billion. The fourth quarter of 2024 saw sportsbooks generate $3.66 billion, marking a 7.3% rise over the prior Q4 record. Notably, both New Jersey and Illinois sured $1 billion in annual sports betting revenue for the first time.

iGaming continued its rapid expansion, generating $8.41 billion in revenue in 2024 across the seven states where it is legally available. This represents a 28.7% increase from the previous year, making it the fastest-growing segment of the industry.

Among the top 20 commercial gaming markets, six reported year-over-year revenue growth. Las Vegas retained its position as the leading market, followed by New Jersey, Chicagoland, Baltimore, and Washington, D.C. A notable shift occurred as Queens/Yonkers moved into the top five, replacing the Mississippi Gulf Coast.

Nevada casinos reported record revenue of $31.5 billion for the state’s 2024 fiscal year, though net income declined by 24.4%, with the Las Vegas Strip experiencing a 40.4% drop in net earnings.

Tax Contributions and Economic Impact

The commercial gaming industry’s contributions to state and local governments also reached new heights in 2024. Gaming operators paid an estimated $15.66 billion in gaming taxes, an 8.5% increase from 2023. Additionally, the industry contributes billions more in state and local taxes through income, sales, payroll, and corporate taxes.

Miller emphasized the economic significance of gaming, stating, “The sustained growth of legal gaming is a win for our industry and the consumers and communities we serve. Every dollar of gaming revenue fuels jobs, investment, and economic growth—reinforcing why the legal industry’s expansion is so important.”

The final quarter of 2024 played a key role in the industry’s record-setting performance, with total revenue of $18.62 billion. Traditional casino gaming remained the dominant sector, generating $12.59 billion, a 2.3% increase year-over-year. Sports betting and online gaming followed, contributing $3.66 billion and $2.38 billion, respectively. iGaming saw the highest percentage growth, surging 33.1% compared to Q4 2023.

Source:

”2024 Commercial Gaming Revenue Reaches $71.9B, Marking Fourth-Straight Year of Record Revenue”, americangaming.org, February 19, 2025.