U.S. Gaming Industry Sets Third Quarter Record With $17.7 Billion In Revenue

After a record second quarter for the U.S. commercial gaming industry, the third quarter continued the trend with revenue reaching a total of $17.71 billion. That was the industry’s highest-grossing third quarter on record, according to the American Gaming Association’s (AGA).

This achievement marked the industry’s 15th consecutive quarter of annual revenue growth, with September marking the 43rd straight month of rising year-over-year revenue. Sports wagering and iGaming remain major contributors to that growth, with online gaming revenue in New Jersey even topping live casino revenue for the first time in October.

“Q3 2024 continued gaming’s momentum from the first half of the year, with online casino and sports betting driving strong growth,” AGA Vice President of Research David Forman said. “At the same time, new brick-and-mortar casino openings bolstered traditional gaming, which still accounts for the bulk of industry revenue. More than a quarter of commercial revenue now regularly comes from online sources, raising the importance of continued sustainable growth with consumers in those states.”

Inside The Numbers

Through the first nine months of the year, commercial gaming revenue stands at $53.24 billion, an 8% increase from 2023 and setting the industry on track for a fourth straight record revenue year.

In the third quarter, 29 of the 35 operational commercial gaming jurisdictions increased year-over-year revenue. This resulted in an 8.9% jump in state and local taxes tied directly to gaming revenue, with operators contributing $3.79 billion in taxes across the quarter.

Quarterly revenue from land-based gaming reached $12.56 billion, 0.62% lower than the same quarter last year. Combined revenue from online sports betting and iGaming totaled $5.14 billion as online gaming made up 29% of overall gaming revenue, significantly higher than in the third quarter of 2023. Here’s a breakdown of third-quarter gaming.

• Traditional gaming – Brick-and-mortar casino gaming generated quarterly revenue of $12.38 billion, a year-over-year contraction of 0.9%.
• Legal sports betting – Americans wagered $30.3 billion on sports, generating $3.24 billion in quarterly revenue, up 42.4%. Recent market launches in Kentucky, Maine, North Carolina, and Vermont contributed to this growth.
• iGaming – Online gaming generated $2.08 billion, marking a 30.3% year-over-year increase.

The AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the commercial gaming industry’s financial performance based on state revenue reports. The tracker monitors 37 states and the District of Columbia, which all feature operational commercial gaming markets. Tribal casinos are not included in the data.

Related Articles

Nevada Sees Boost In Casino Revenue For September

Online Gaming Continues Rising In Popularity In Key States

Nevada Casino Gaming Revenue Again Sees Declines

Most Viewed Articles