AGA: US commercial gaming revenue reaches $71.9bn for 2024

The American Gaming Association has released financial figures looking at commercial gaming revenue in the US for both the full year and fourth quarter of 2024. 

2024 

For the full year of 2024, the industry saw total gross gaming revenue (GGR) of $71.9bn, representing a year-over-year increase of 7.5%. 2023’s figure of $66.5bn was the previous total for the industry, which now means there has been four straight years of record revenue. 

While traditional casino brought in the highest figure of GGR at $49.8bn, it was iGaming that experienced the largest growth at 28.7% to a total of $8.4bn. Sports betting’s rise wasn’t too far behind at 25.4%, bringing GGR for that sector to $13.7bn. 

Emphasising the growing popularity, 30% of the total commercial gaming revenue came from online gaming, which was valued at $21.54bn, a record annual figure. 

Despite a 4.4% drop, the Las Vegas Strip unsurprisingly was the commercial casino market, which recorded the highest gaming revenue in 2024, at $8.51bn, followed by Atlantic City at $2.84bn. 

Looking at individual states, only eight experienced a decrease in gaming revenue compared with 2023, while the state with the largest rise was the District of Columbia at a healthy rate of 201.6% to a figure of $57.5m. 

In 2024, commercial gaming operators paid approximately $15.7bn in gaming taxes, which is 8.5% higher than 2023. 

Q4 2024 

The record full year for the US gaming industry was helped by a positive fourth quarter. 

For Q4, commercial gaming revenue reached $18.6bn, representing an increase of 6.2% compared to the fourth quarter of 2023, while this was also a new single-quarter record figure. 

Individually, all three of the industry’s main sectors saw growth compared to Q4 2023, with iGaming up 33.1% to $2.38bn, sports betting up 7.3% to $3.66bn, and with $12.6bn, traditional casino GGR experienced a rise of 2.3%. 

Good to know: Gaming America will be at the AGA’s webinar and press call looking into the financial figures for 2024 and previewing the AGA’s priorities for 2025 

Comments 

AGA President and CEO Bill Miller 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. 

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

Ciaran McLoughlin

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