The American Gaming Association (AGA) has released its Q1 report, revealing that the US commercial gaming industry experienced significant growth in the first quarter of 2024, marking its 13th consecutive quarter of expansion.
The AGA's Commercial Gaming Revenue Tracker reported a quarterly revenue of $17.67bn, with March alone contributing $6.09bn – the second-highest monthly revenue ever recorded.
Key highlights from the report include 11 state gaming markets setting new quarterly revenue records – notably Pennsylvania and New York.
Traditional brick-and-mortar casino gaming saw a 0.3% year-on-year increase, reaching $12.34bn in revenue, despite challenges from severe weather conditions in January.
Legal sports betting also experienced growth, with Americans wagering a record $36.86bn, generating $3.33bn in quarterly revenue – a 22.0% increase compared to Q1 2023.
This expansion was driven partly by new market launches in Kentucky, Maine, North Carolina and Vermont.
Additionally, iGaming achieved an all-time high of $1.98bn in revenue, a 26.1% increase year-on-year – a figure bolstered by Rhode Island's iGaming market launch in March.
In conjunction with the revenue report, the AGA released its annual State of the States report, detailing the economic and regulatory impact of US commercial gaming in 2023.
The report documented $14.67bn in direct gaming tax revenue paid to state and local governments, a 9.7% increase from 2022.
AGA President and CEO Bill Miller commented: "While gaming's momentum remains strong, 2024 will be the new baseline for future growth after several years of sports betting legalisation and post-pandemic consumer shifts.
“Gaming's continued growth relies on maintaining our commitment to innovation and responsibility."
