Nearly three-quarters of the U.S.’s legal land-based casinos, sports betting, and iGaming jurisdictions set commercial gaming revenue records in 2024.
Key Takeaways
- Sports betting revenue grows by 28.7% during 2024 with the additions of North Carolina and Vermont
- Despite limited operating states, iGaming profits continue to surge
- Traditional casinos saw a slight year-over-year rise in revenue
The American Gaming Association recently released a breakdown of the states that generated $72.04 billion in revenue, a 7.5% year-over-year increase. It’s the fourth consecutive year with a new profit record.
State and local governments collected $15.91 billion in tax revenue from commercial gaming in 2024, up 8.5% from 2023.
“The unprecedented success of our industry comes as more Americans than ever before have access to, and allocate their entertainment budgets to, the legal, regulated gaming market,” AGA President Bill Miller said.
“Last year, more than half of American adults participated in some form of gambling, and 45 percent visited a casino property."
“In short, Americans increasingly see gaming in a positive light, recognizing our commitment to operating responsibly and the economic benefits we bring to local communities. These positive views are the foundation of our industry’s credibility with the public, regulators, and lawmakers.”
Sports betting additions
North Carolina and Vermont were two new markets to offer online sports betting last year, increasing year-over-year commercial sports wagering revenue by 24.8% to $13.78 billion and helping operators generate a $149.9 billion sports betting handle in 2024.
While the sports betting revenue totals don’t include Florida or tribal operators, 29 of the 35 states with commercial sports wagering generated more revenue in 2024 compared to 2023. Mississippi, Montana, New Hampshire, Rhode Island, Ohio, and South Dakota were the only states not to see a year-over-year increase.
Fifteen U.S. jurisdictions reported at least a double-digit year-over-year percentage growth in commercial casino gaming consumer spend. Washington, D.C. had the largest increase (181.7%) in 2024.
Kentucky led all states with a 148% jump in consumer spending in its first full year with online sports betting. Nebraska saw a 63% increase, while Tennessee, Oregon, Virginia, Wyoming, Connecticut, and Arizona were all at least over 20% year-over-year growth.
Online sports betting revenue grew by 27%, but retail operators saw their year-over-year revenue drop 23% in 2024.
iGaming takes off
Online casino revenue in just seven jurisdictions increased 28.7%. Adding Rhode Island to the limited iGaming states list led to $8.41 billion in revenue.
New Jersey, Michigan, and Pennsylvania accounted for 90% of the total online casino revenue in 2024, with the Keystone State leading all iGaming jurisdictions in revenue.
Traditional casino revenue grew year-over-year by a more modest 1% to $49.89 billion in 2024. The AGA’s data included 492 commercial brick-and-mortar operators in 27 states.
Eleven states set new traditional casino revenue records in 2024, while 14 reported year-over-year increases. Revenue from electronic gaming devices grew 1.6% to $36.09 billion, while profits from table games fell 2% to $10.14 billion.
