- $72 billion in gaming revenues reported for 2024
- Native and state governments obtain over $15 billion
- Fourth straight yr of progress in gaming revenues
The US business gaming business had a banner yr in 2024 setting data with $72 billion of income.
As shared by the American Gaming Affiliation’s (AGA) State of the States latest report, business gaming revenues have been 7.5% larger in 2024 as in comparison with 2023.
The $72.04 billion in gaming revenues have been pushed by regular progress in sports activities betting and iGaming. Gaming revenues translated to $15.91 billion in tax revenues for state and native governments. This additionally set a brand new file, whereas being an 8.5% enhance over the earlier yr.
Gaming Revenues Steadily Grown Since 2020
US business gaming revenues have continued to develop lately with 2024 marking the fourth consecutive yr of progress.
The best enhance got here on the iGaming facet with revenues rising 28.7% to $8.4 billion. Sports activities betting additionally noticed substantial will increase, rising 25% to $13.78 billion. In the meantime, conventional business casinos nonetheless accounted for the very best income at $49.89 billion, nonetheless, noticed the smallest enhance of simply 1%.
2024 Industrial Gaming Income Highlights
- iGaming will increase by 28.7%
- Sports activities betting will increase by 25%
- Industrial casinos enhance by 1%
- 28 of 38 states set file revenues
The file progress for American business gaming revenues in 2024 was aided by 28 of 38 states that provide business casinos, sports activities betting, or iGaming, setting new annual data.
In response to the AGA report, 16 states noticed double-digit will increase of their business on line casino gaming shopper spend from 2023 to 2024. The largest movers have been the District of Columbia (181.7%) and Kentucky (148%).
Solely eight states noticed a lower in revenues and in seven states the lower was 3.5% or much less. Solely Montana (15.6%), noticed a notable lower in what’s a minimal gaming market.
Two new states joined the business on line casino markets in 2024. This included North Carolina and Vermont, which generated $583.60 and $21.90 million in revenues respectively.
Future Outlook for Gaming
Information isn’t all constructive within the gaming business after 2025 first quarter reviews. The AGA’s Gaming Circumstances Index fell 0.9%. This marks the biggest drop throughout 1 / 4 because the Covid-19 pandemic.
The Gaming Circumstances Index measures actual financial exercise within the business, measured by gaming income, employment, worker wages and salaries, government sentiment and on line casino lodge RFP exercise.
“AGA member corporations face a panorama the place shoppers’ discretionary actions can be examined by tariffs on imported items and inventory market setbacks,” the AGA report mentions.
“AGA member corporations face a panorama the place shoppers’ discretionary actions can be examined by tariffs on imported items and inventory market setbacks.” – American Gaming Affiliation
In response to the AGA, the drop in near-term sentiment is “primarily pushed by weaker actual wages, marginally adverse sentiment, and actual under common income progress.”
Of the 28 executives from AGA member corporations surveyed, 36% reported a adverse sentiment versus solely 18% who have been constructive.
Long run, most respondents have been impartial (80%), whereas 14% have been constructive and solely 4% adverse.