AGA posts $72.04bn in commercial gaming revenue for 2024, up 7.5%

The American Gaming Association (AGA) has posted its latest State of the States annual report, highlighting a rise in nationwide commercial gaming revenue (CGR) of 7.5% year-over-year to a figure of $72.04bn.  

This latest report marks the fourth consecutive record-breaking year with regard to revenue in the US – primarily driven by a strong performance from the iGaming and sports betting segments, according to the AGA. Elsewhere, gaming tax revenues also hit $15.91bn for the year – representing growth of 8.5%.  

Results by sector  

Indeed, the 492 commercial casinos across the US accounted for the bulk of 2024’s gaming revenue, growing by 1% year-over-year to generate a record figure of $49.89bn. Sports betting continued to explode in popularity across the states during 2024, and accounted for $13.78bn of the nation’s overall gaming revenue sum – a rise of 24.8% generated from an overall year-long handle of $149.9bn.  

Finally, the US iGaming market saw the most significant revenue growth of 28.7% year-over-year, with its seven active states (excluding Nevada’s online poker market) churning out $8.41bn during the year.  

Results by state 

Of the 38 total states in which either iGaming, sports betting or commercial casinos are regulated, 28 reported a revenue rise in comparison to results from the year prior. The most notable rise was reported by the District of Columbia, who reported a revenue rise of 181.7%, followed closely by Kentucky, which saw 148% VGR growth year-over-year. 

Unsurprisingly, Nevada reported by far the highest commercial gaming revenue figure of all the US states of $15.6bn – up 0.5% compared to 2023. Trailing closely behind was Pennsylvania with $6.9bn and New Jersey with $6.3bn, with the two states seeing year-over-year revenue increases of 10.3% and 9%, respectively.  

Regarding commercial gaming tax revenues, Pennsylvania led the way posting a $2.5bn figure for the year, representing growth of 9% year-over-year and followed closely by New York – which generated $2.3bn in tax revenue, up 10.8%. The only other state to surpass the $1bn mark with regard to tax revenue was Nevada – which confirmed a 0.7% fall compared to 2023, settling at $1.2bn. 

The year’s highlights  

2024 saw a plethora of updates across the US gaming market including the regulation of sports betting in both North Carolina and Vermont, marking major strides during the first quarter of the year.  

Elsewhere, towards the end of the year, both sweepstakes and prediction markets rose to the fore as the presidential election took place – while New York posted what was the nation’s highest ever monthly sports wagering handle of $2.32bn in October, surpassed in January 2025 by a monthly handle of $2.48bn.  

Good to know: Last month, the AGA revealed a 15% fall in overall gambling advertising spend during 2024, despite a 5% rise in sports betting advertising spend 

AGA’s comments  

Speaking on these latest results, AGA President and CEO, William Miller, stated, “I am pleased to present State of the States 2025: The AGA Survey of the Commercial Casino Industry, the American Gaming Association’s (AGA) flagship research report on US commercial gaming in 2024. 

“The unprecedented success of our industry comes as more Americans than ever before have access to, and allocate their entertainment budgets to, the legal, regulated gaming market. Last year, more than half of American adults participated in some form of gambling and 45 percent visited a casino property. 

“In short, Americans increasingly see gaming in a positive light, recognizing our commitment to operating responsibly and the economic benefits we bring to local communities. These positive views are the foundation of our industry’s credibility with the public, regulators and lawmakers.” 

Will Underwood

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