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      News

      United States Commercial Gaming Revenue Reaches Record $17.63 Billion in Q2 2024

      Marking the industry’s 14th consecutive quarter of year-on-year revenue gains

      By Laura Corkhill

      Last updated: September 9, 2024

      1 min

      bellagio

      The American Gaming Association (AGA) has reported that U.S. commercial gaming revenue hit a record $17.63 billion in the second quarter of 2024, an 8.9% increase from the same period in 2023. This growth marks the industry’s 14th consecutive quarter of year-on-year revenue gains.

      The growth was driven by both land-based and online gaming, with traditional brick-and-mortar casinos accounting for 71.4% of the total, collecting $12.49 billion in revenue. Despite a slow start in April, this sector saw a 1.8% increase compared to Q2 2023, with slot machine and table game revenue up in May and June.

      In contrast, sports betting surged by 35.3%, generating $3.16 billion, while iGaming set a new quarterly record with $1.97 billion, a 25.2% year-on-year rise. The overall industry performance translated into $3.73 billion in state tax contributions, reflecting a 4% year-on-year increase.

      “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,” said AGA Vice President of Research David Forman.

      Mileage varies across states

      During the quarter, 24 of the 33 jurisdictions with data available up to June 2024 reported year-on-year revenue growth. Nevada dominated with $3.8 billion in revenue, followed by Pennsylvania ($1.6bn), New Jersey ($1.5bn), and Michigan ($1.0bn).

      Meanwhile, multiple jurisdictions reported a decline in revenue during Q2. Oklahoma’s revenue dipped 8.2% year-on-year, followed by New Hampshire’s 5.3% decline and New Mexico reporting 4.6% less than in Q2 2023.

      “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,” added Forman.

      Compared to Q2 2023, several states have welcomed legal sports betting, contributing to the year-on-year growth in this sector. New additions include Kentucky, Maine, Vermont, and North Carolina, the latest state to launch in March 2024.

      Q2 also represented the first full quarter with legal iGaming in Rhode Island, which has delivered consistent revenue growth over the past four months. Rhode Island launched iGaming in March 2024, with Bally’s as its sole operator. This latest addition brings the total of iGaming states in the U.S. to seven.

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