The American Gaming Association (AGA) released its 2025 reports showing US commercial gaming revenue rose 7.5% to $72.4 billion in 2024. This achievement marks the industry’s fourth straight year of record-high revenue.
The 7.5% annual growth came mainly from expanding online gaming and sports betting. The report also stated that online gaming alone contributed 30% of total revenue, reaching a record $21.54 billion in 2024.
Among 38 commercial gaming jurisdictions, 28 achieved record revenues, reflecting broad national growth across the sector. Meanwhile, North Carolina and Vermont entered the market in 2024 by launching mobile sports betting.
Commercial gaming produced $15.9 billion in tax revenue, marking an 8.5% increase compared to 2023.
AGA Reports Slow Q1 Numbers, But Casino Execs Have Positive Outlook
Despite strong topline growth, the AGA’s Gaming Conditions Index showed reduced industry activity in Q1 2025 versus last year.
However, gaming equipment manufacturers and casino executives reported improved unit sales and showed optimism for the first time since Q3 2023. They also signaled renewed capital investment plans, suggesting confidence in continued demand for online casino games and related products.
Meanwhile, casino executives expressed cautious optimism in the CEO Outlook report released alongside AGA’s findings. Nearly half expect revenue growth within six to twelve months, driven partly by online slot games and digital expansion.
Many executives also indicated plans to boost capital investment to support future growth and market stability.
iGaming and Online Sportsbooks Doing the Heavy Lifting
Traditional casino games generated $49.89 billion in 2024, increasing only 1% despite consistent in-person engagement. However, mobile sports betting, online sportsbooks, and iGaming fueled most of the industry’s expansion throughout the year.
Sports betting revenue climbed nearly 25%, reaching $13.78 billion, as Americans wagered a record-breaking $149.9 billion.
Additionally, the AGA estimated $3.1 billion in bets during March Madness 2025, a 13.8% rise from the previous year. This surge shows ongoing momentum in U.S. sports betting, even without new states legalizing it since March 2024.
At the same time, online casino gaming soared 28.7%, earning $8.41 billion across legalized states. Rhode Island, for instance, added $26.3 million after launching iGaming in March, helping drive the national total higher.
The continued growth in real money online casino platforms reflects shifting consumer preferences toward digital gaming experiences.
