2024 Record Revenue on Commercial Gaming reached $71.9B

The year was punctuated by an all-time single quarter record revenue of $18.62 billion in Q4 2024.

“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,” said AGA President and CEO Bill Miller. “As we build on this success, the AGA remains committed to fostering additional growth that benefits consumers, operators, and communities alike.”

The commercial gaming industry continues to evolve, with online gaming making up 30.0% of nationwide commercial gaming revenue in 2024, generating a new annual record of $21.54 billion. Looking at each sector:

• Traditional Gaming: Brick-and-mortar casino slots and table games generated a record revenue of $49.78 billion in 2024, a growth of 82 basis points compared to 2023. On a state level, 12 out of 27 traditional gaming markets achieved new state revenue records this year.
• Sports Betting: In 2024, nationwide sports betting revenue reached $13.71 billion, a 25.4% increase from 2023’s record of 11.04 billion. In addition, the fall sports calendar propelled legal sportsbooks to their most lucrative quarter on record for the sixth year in a row, earning $3.66 billion, up 7.3 percent from the previous record set in Q4 of 2023. Both New Jersey and Illinois exceeded $1 billion in annual sports betting revenue for the first time.
• iGaming: 2024 online casino revenue grew 28.7 percent year-over-year to $8.41 billion in the seven states with full-scale legal iGaming. All six previously established iGaming markets achieved new annual revenue records.

In 2024, six of the top 20 commercial casino gaming markets reported revenue growth compared to the previous year, with the Las Vegas Strip holding its spot as the top market by commercial revenue. The next four top-performing markets—New Jersey, Chicagoland, Baltimore, and Washington, D.C., respectively—all similarly maintained their positions. This year, Queens/Yonkers entered the top five, swapping placements with the Mississippi Gulf Coast.

The commercial gaming industry also contributed more to state and local governments’ coffers than ever in 2024. Throughout the year, commercial gaming operators paid an estimated $15.66 billion in gaming taxes, an increase of 8.5 percent year-over-year. The industry also contributes billions of additional tax dollars to states each year in the form of income, sales, payroll and various other corporate taxes.

“The sustained growth of legal gaming is a win for our industry and the consumers and communities we serve,” said Miller. “Every dollar of gaming revenue fuels jobs, investment, and economic growth—reinforcing why the legal industry’s expansion is so important.”

Miller and additional industry experts will provide insights on full-year 2024 commercial gaming revenue figures and preview AGA’s priorities for the year ahead in AGA’s annual State of the Industry webinar on Feb. 19 at 11:00 AM ET/8:00 AM PT.