The American Gaming Association has reported a remarkable achievement as U.S. commercial gaming reached a new record in 2024, hitting a whopping $72 billion in revenue. This trend marks the fourth consecutive year of growth, driven mainly by the rise of mobile sports betting and online casino gaming.
Key Points
- US commercial gaming achieved an all-time high of $72 billion in revenue, a 7.5% increase from the previous year.
- 28 out of 38 states with commercial gaming reported their best year, with North Carolina and Vermont entering the market for the first time.
- The industry contributed $15.9 billion in tax revenue to state and local governments, up 8.5% from 2023.
- Casino executives express renewed optimism, with nearly half expecting revenue growth in the next year.
- Mobile sports betting revenue surged nearly 25% to $13.78 billion, with Americans wagering $149.9 billion.
- Online casino gaming revenue rose 28.7% to $8.41 billion; states like Kentucky, Connecticut, and Arizona saw significant boosts.
Why should I read this?
If you’re interested in the evolving landscape of the gaming industry, this article is a must-read! With records being smashed and insightful trends emerging, understanding these developments will keep you ahead of the curve in a rapidly growing market. We’ve distilled the key info for you so you can stay informed without getting lost in the details.
