AGA Q2 report values commercial gaming revenue at $17.63bn
The District of Columbia saw growth of 178.7%.
The American Gaming Association (AGA) has released its Q2 results, highlighting the performance of US commercial gaming.
Overall, the national trade association reported that commercial gaming revenue reached $17.63bn, marking the industry’s 14th consecutive quarter of annual revenue growth and also its highest Q2 result on record. This figure was 8.9% up year-on-year.
Within the report, there were 33 jurisdictions that had complete data available to show, of which 24 generated a rise in second-quarter revenue compared with the same period last year.
The jurisdiction with the largest growth was the District of Columbia, which went up 178.7%, while Oklahoma saw the largest decline at 8.2%, driven by the closure of Will Rogers Downs in June.
Looking at the individual verticals, traditional gaming grew 1.8% to $12.49bn, despite a slow start to the quarter, while iGaming was valued at $1.97bn, representing an increase of 25.2%. It was sports betting that saw the largest increase, though, up 35.3% to $3.16bn, thanks to new market launches in Kentucky, Maine, North Carolina and Vermont.
More generally, land-based gaming accounted for 71.4% of total revenue while online gaming accounted for the other 28.6%.
AGA VP of Research David Forman said, “While sports betting and iGaming continued to drive overall industry revenue growth in the second quarter, new brick-and-mortar property openings in Illinois, Nebraska and Virginia also led to rising traditional commercial gaming revenue.
“Across the country, land-based gaming markets are seeing mixed year-over-year comparisons due to slower consumer spending economy-wide, which may continue to be a factor through the remainder of 2024.”
In other recent news from the AGA, it released a statement in July related to the bipartisan legislation introduced on July 31 that would repeal the federal sports betting excise tax on legal operators.
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