Key points:
- The AGA has released its commercial gaming revenue figures
- The US market generated $18.62 & $71.92bn during Q4 & FY 20224, respectively
- This latest full year revenue marks the fourth record-breaking year in a row
- Q4 2024 broke the record for the highest quarterly gaming revenue figure in recorded history
The American Gaming Association (AGA) has released the Q4 and FY 2024 financial results for the commercial US market, unveiling a record annual gaming revenue figure for the fourth year running with 2024’s figure reaching $71.92bn.
This latest figure, which is curtesy of the AGA’s Commercial Gaming Revenue Tracker, has surpassed the previous record figure recorded in 2023 by 7.5%. Moreover, Q4 2024 revenue also reached $18.62bn - which further marks an all-time quarterly revenue record in the US gambling market.
Q4 2024
Specifically regarding Q4 results, the total revenue of $18.62bn was driven primarily by traditional casino gross gaming revenue – which totaled $12.59bn during the quarter. This represents growth of 2.3% in the sector year-on-year. Elsewhere, sports betting GGR reached $3.66bn, highlighting a rise of 7.3% in comparison to the year prior.
Online gaming revenue however, despite boasting the lowest revenue figure of $2.38bn, displayed by far the most growth year-on-year – as revenue for the sector experienced an upswing of 33.1% when compared to financials from Q4 2023.
FY 2024
Over the course of the full-year period, traditional casino GGR was once again the US’ primary revenue driver, with a GGR figure of $48.79bn. Sports betting and iGaming GGR came in behind at $13.71bn and $8.41bn, respectively.
Regarding year-on-year growth, 2024 saw a moderate increase in revenue for the traditional casino sector of 0.8%. However, sports betting revenue rose by 25.4% in comparison to results from 2023, following the regulation of the practice in a number of states during the calendar year. Similarly to in the final quarter of 2024, online gaming experienced the fastest growth acceleration throughout the year, with GGR rising by 28.7% compared to figures from 2023.
Good to know: In December, the AGA predicted that revenue figures would reach at least $67bn in the US – an estimate that has been surpassed by almost $5bn
Highlights from 2024
On the subject of growth, the AGA has specified that the revenue generated by brick-and-mortar casinos was a record figure – with 12 out of 27 traditional gaming markets achieving record revenues during 2024. Further, the nation’s six iGaming markets also reported annual revenue records, with both New Jersey and Illinois achieving annual sports betting revenues in excess of $1bn for the first time.
In addition, the commercial gaming industry in the US also contributed more towards state and local governments than in previous years, paying an estimated total of $15.66bn in gaming taxes, a rise of 8.5% year-on-year.
Commenting on these latest figures was AGA President and CEO Bill Miller, who said: ““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. As we build on this success, the AGA remains committed to fostering additional growth that benefits consumers, operators, and communities alike.”
