The American Gaming Association (AGA) reported significant year-over-year sports betting and iGaming growth in 2025.
Key Takeaways
- The AGA says total gaming revenue grew by 9.1% in 2025 from the previous year.
- All 35 reporting sports betting jurisdictions experienced profit growth.
- Three states produced most of the $10.73 billion in iGaming revenue.
The industry trade group announced Tuesday in its annual State of the States report that U.S. commercial sportsbooks generated $16.89 billion in total revenue, a 22.6% spike from 2024. Online casinos, legal in just seven states, produced a 27.6% year-over-year increase to earn operators $10.73 billion in profits.
The AGA, which is made up of commercial gaming operators and suppliers as well as tribal gaming leaders, said 37 of the 38 jurisdictions with legal gambling experienced year-over-year total gaming revenue growth. Commercial land-based and online operators combined to set a record for the sixth consecutive year, reaching $78.6 billion in total gaming profits, a 9.1% year-over-year increase.
Nebraska reported the largest rate increase in consumer spending in the U.S. The only jurisdiction to see a year-over-year decrease was Mississippi, where gaming fell off by just a fraction of a percent.
Enjoying Covers content? Add us as a preferred source on your Google account“These results are especially meaningful given the economic uncertainty that characterized much of 2025,” AGA president and CEO Bill Miller said. “They reflect the enduring appeal of legal, regulated gaming as a form of entertainment and the strength of the American blueprint for gaming that we have built together over decades.”
Thriving markets
Missouri is the only new state to contribute to 2025’s sports betting revenue, although the Show-Me State wasn’t online until December. Still, all 35 of the reporting states experienced year-over-year profit growth, up from just 29 jurisdictions last year.
These revenue figures don’t include Florida, which operates retail and online sports betting exclusively through the Seminole Tribe.
New York accounted for 14.8% of the U.S. sports betting revenue total, leading all states with $2.5 billion in profits. Illinois, New Jersey, and Ohio were the only other three states to generate at least $1 billion in sports betting revenue.
Pennsylvania, Michigan, and New Jersey accounted for 90% of the total iGaming revenue, with the Keystone State leading all seven jurisdictions with $3.46 billion, a 28% year-over-year increase.
However, Delaware, Rhode Island, and West Virginia reported the most growth from 2024 to 2025.
Land-based gaming
The 493 land-based casinos in the U.S. generated $51.06 billion in revenue, a 2.3% year-over-year increase. Among the 25 states that reported revenue splits by live-dealer table games and electronic gaming devices, electronic grew by 2.9%, while regular table games fell by nearly 1%.
Nearly three-quarters of the states with in-person casinos reported year-over-year revenue increases. Nebraska and Virginia produced the highest growth rates.
The Las Vegas Strip led all commercial casino markets with $8.6 billion in revenue, followed by Atlantic City and Chicagoland. Queens/Yonkers ranked fifth, but those rankings could shift in the coming years as three New York City casinos began generating massive profits. Resorts World NYC became the first to launch live-dealer table games in April. Bally’s Bronx and Hard Rock Metropolitan Park are set to open in 2027.
Challenging year
Operators paid out a record $17.86 billion to state and local governments, a 12.3% spike from 2024. Combined with tribal gaming revenue, which hasn’t been released, Miller projects that the U.S gaming industry generated $125 billion in revenue in 2025.
The 2025 growth came as U.S. commercial operators faced new challenges. Prediction market sites exploded in popularity, allowing residents in all 50 states to purchase sports event contracts that compete directly with sportsbooks.
Sweepstakes casinos also impacted legal iGaming in 2025, but several states took legislative measures to ban social gaming operators. The AGA strongly opposes any form of gaming that isn’t state-licensed, regulated, and taxed.
“Looking ahead to the remainder of 2026, the AGA will continue to champion state and tribal authority over gaming regulation and fight to ensure a favorable policy environment so that legal gaming can continue to innovate and invest in the communities we serve,” Miller said. “I look forward to working with all of you to defend the American gaming model that has benefited our industry and the states we operate in.”
