U.S. Commercial Gaming Hits $71.92 Billion in 2024: AGA Reports Fourth Year of Record Growth

The commercial gaming business continues to grow, according to data provided by the American Gaming Association (AGA). Total income from land-based casino games, sports betting, and iGaming increased 7.5 percent over 2023, marking the fourth consecutive year of record performance.

The American Gaming Association (AGA) has issued its newest Commercial Gaming Revenue Tracker, which shows extremely encouraging figures for 2024. The revenue for 2024 is a record-breaking USD 71.92 billion, marking the fourth consecutive year of exceptional growth. This increase is due to a number of causes, including the development of legal gaming alternatives, technical improvements, and the increased acceptability of gaming as a popular form of entertainment.

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Traditional casino games, which included slot machines, table games, and retail sports betting, produced USD 50.32 billion, or 70% of total income. Meanwhile, internet gaming, which includes online sports betting and iGaming, generated USD 21.54 billion, or 30% of total income.

Arizona grew by 27%, Connecticut by 31.3%, Illinois by 15.8%, Kentucky by 148%, Maine by 14.9%, Michigan by 17.1%, Oregon by 24.5%, Tennessee by 24.8%, Virginia by 27.1%, and Wyoming by 31.8%.

Montana saw the greatest gaming income drop, at 15.6%, followed by New Mexico at 3.5%. Missouri dropped 2.1%, while Mississippi decreased 2%. Iowa plummeted 1.7%, New Hampshire dipped 1.5%, and Ohio dropped 0.9%.

Courtesy: https://igamingexpert.com/, https://www.igbnorthamerica.com/