The American Gaming Association (AGA) reports that the commercial gaming revenue in the United States reached $17.71 billion in the third quarter (Q3) of 2024.
This marks the highest-grossing third quarter in the industry's history and a record of 15 consecutive quarters of year-over-year revenue growth.
September 2024 also marked the 43rd consecutive month of year-over-year growth.
In the first nine months of this year, total revenue was $53.24 billion, an 8.0% increase from 2023. Following this trajectory, 2024 is poised to be the fourth consecutive record-breaking year for the industry.
Online gaming has become the main driver of growth. In Q3 2024, the total revenue from iGaming and online sports betting reached $5.14 billion, accounting for 29% of the total commercial gaming revenue, a significant increase from Q3 2023.
iGaming alone grew by 30.3% compared to the same period last year, reaching $2.08 billion, while legal sports betting revenue grew by 42.4%, reaching $3.24 billion—thanks to recent market expansions in Kentucky, Maine, North Carolina, and Vermont.
Conversely, traditional brick-and-mortar casino revenues slightly declined, totaling $12.38 billion, a 0.9% decrease year-over-year. Nevertheless, the opening of new casinos continues to support this segment.
AGA's Vice President of Research, David Forman, commented on these figures, saying: "The third quarter of 2024 continued the momentum from the first half of the year, with online casinos and sports betting driving strong growth. Meanwhile, the opening of new brick-and-mortar casinos has boosted the traditional gaming sector, which still accounts for a large part of the industry's revenue.
"Currently, over a quarter of commercial revenue comes from online channels, making it crucial for these states' consumers to continue achieving sustainable growth."
This quarter also brought significant benefits to state and local governments, with gaming operators contributing $3.79 billion in taxes, an 8.9% increase from the previous year.
