Key points:
- US commercial gaming revenue reached $72.04bn in 2024, up 7.5% year-on-year
- 28 of 38 operational states set new annual revenue records
- Commercial gaming contributed $15.91bn in tax revenue to state and local governments
The American Gaming Association (AGA) has published its 2025 State of the States- and Gaming CEO Outlook- reports, revealing that US commercial gaming revenue rose 7.5% year-on-year to a record $72.04bn in 2024.
This marks the fourth consecutive year of record-setting growth for the sector, driven largely by continued expansion in iGaming and mobile sports betting.
Of the 38 jurisdictions with operational commercial gaming markets, 28 reported new revenue records. North Carolina and Vermont entered the commercial gaming market for the first time following the launch of mobile sports betting in both states.
The total tax contribution from commercial operators reached $15.91bn, reflecting an increase aligned with growing national participation in regulated gambling.
However, while the topline figures showed robust growth, the AGA’s Gaming Conditions Index (GCI) indicated a contraction in economic activity within the industry for Q1 2025 compared to the same period the previous year.
Despite this, gaming equipment manufacturers registered a positive outlook for the first time since Q3 2023, citing improved unit sales and renewed capital investment plans.
Casino executives surveyed as part of the CEO Outlook report displayed cautious optimism. Nearly half anticipate an acceleration in revenue growth over the next six to twelve months, with many signalling plans to increase capital investment.
Good to know: Additionally, casino hotels reported a steady pipeline of event-related RFPs, with demand surpassing pre-pandemic benchmarks and increasing slightly year-on-year (+0.3%)
The AGA’s latest findings follow its earlier projection of $3.1bn in bets placed during March Madness 2025, a 13.8% increase from the previous year, highlighting the continuing momentum of the US sports betting sector despite no new states legalising sports wagering since March 2024.
