The American Gaming Association (AGA) reports that the commercial gaming revenue in the United States reached $17.63 billion in the second quarter of this year. This marks the 14th consecutive quarter of revenue growth for the industry and the best second-quarter performance to date.
Nationally, 24 jurisdictions achieved year-over-year revenue growth in the second quarter of 2024, with national commercial gaming revenues directly generating $3.73 billion in state taxes from gaming.
This quarter, both land-based gaming (including physical sports betting) and online gaming saw annual growth. Compared to the same period last year, the growth rate of land-based gaming has slightly accelerated, while the growth rate of online gaming, although improved from the first quarter of 2024, has significantly slowed down from nearly 44% in the second quarter of 2023 to 32.5% in the second quarter of 2024. Overall, land-based gaming accounts for 71.4% of total revenue, while online gaming accounts for the remaining 28.6%.
Detailed study of each major vertical industry
Traditional Gaming: Traditional land-based casino gaming quarterly revenue was $12.49 billion (a 1.8% increase year-over-year), with revenue growth in May and June compensating for a slow start in April this quarter.
Legal Sports Betting: In the second quarter of 2024, Americans wagered $31.75 billion on sports betting, generating $3.16 billion in quarterly revenue (a 35.3% increase year-over-year). Since last spring, new market launches in Kentucky, Maine, North Carolina, and Vermont have driven growth compared to the second quarter of 2023.
iGaming: Total revenue for iGaming reached $1.97 billion in the second quarter, up 25.2% year-over-year. Compared to the first quarter, iGaming revenue saw a slight decline for the second consecutive year (-0.7%).
AGA's Vice President of Research, David Forman, stated: "While sports betting and iGaming continue to drive overall industry revenue growth in the second quarter, new physical gaming venues in Illinois, Nebraska, and Virginia also contributed to the growth of traditional commercial gaming revenue. Nationally, due to a slowdown in consumer spending across the economy, the land-based gaming market has had mixed year-over-year performance, which may continue to be a factor for the remainder of 2024."
Background
The AGA's commercial gaming revenue tracking report provides interstate and cumulative insights into the financial performance of the U.S. commercial gaming industry based on state revenue reports, with a focus on the results for the second quarter of 2024.
In the second quarter of 2024, 37 states and the District of Columbia had operational commercial gaming markets, including casino gaming, sports betting, and iGaming.
The AGA's gaming status map by state records the economic impact of commercial and tribal gaming industries on states, industry regulations, and casino locations.
