The American Gaming Association (AGA) predicts that by 2024, the revenue from commercial gaming in the United States will exceed $67 billion, continuing a record-breaking performance for the fourth consecutive year.
Latest data indicates that as of September, the total revenue was $53.24 billion, an 8% increase year-over-year.
In the third quarter of 2024, commercial gaming revenue reached $17.71 billion, marking the highest performance for a third quarter to date.
Online gaming has become the main driver of growth, with iGaming revenue increasing by 30.3% to $2.08 billion, and sports betting revenue growing by 42.4% to $3.24 billion. Online channels contributed 29% to the total industry revenue.
Traditional brick-and-mortar casino revenues slightly declined by 0.9%, with earnings of $12.38 billion this quarter. However, this sector benefited from the opening of new casinos and sustained demand, maintaining stability despite broader economic challenges.
AGA President and CEO Bill Miller stated, "Looking ahead to 2025, I see tremendous opportunities. The average age of casino visitors in our industry has dropped from 50 to 42 years old, a shift that fully demonstrates our industry's development and ability to attract a new generation of customers."
It is worth noting that looking forward to 2025, AGA plans to launch a new responsible gaming campaign aimed at promoting sustainable growth and consumer protection. Miller emphasized bipartisan support for the gaming industry, with recent polls showing 70% of voters supporting the movement.
The American Gaming Association also discussed regulatory developments, emphasizing efforts to combat illegal operators and ensure compliance. Miller cited a recent legal victory against unlicensed gambling machines in Virginia as an example of the industry's commitment to oversight and fairness.
Gaming taxes for the third quarter also reached $3.79 billion, an 8.9% increase from 2023, enhancing the industry's role in supporting state and local budgets.
