The U.S. commercial gaming industry is on track for a fourth consecutive year of record revenue, driven by consistent growth across various gaming sectors, according to the Commercial Gaming Revenue Tracker, recently released by The American Gaming Association (AGA).
In October 2024, the industry achieved its 44th consecutive month of year-over-year growth, with revenue increasing by 1.9% compared to October 2023. This marks a new monthly high of $5.81 billion for October.
Year-to-Date Performance
From January to October 2024, commercial gaming revenue reached $59.11 billion, a 7.3% increase over the same period in 2023. This upward trend suggests that the industry is poised to surpass previous annual revenue records.
State Contributions and Tax Revenue
In October alone, the industry generated $1.08 billion in state gaming taxes. Over the first ten months of 2024, regulated gaming operators have contributed $12.61 billion in gaming taxes, underscoring the industry’s significant role in supporting state economies.Â
- Land-Based Gaming: Including casino slots, table games, and retail sports betting, this segment saw a 1.43% year-over-year increase in October, totaling $4.10 billion.
- Online Gaming: Combined revenue from online sports betting and iGaming rose by 5.9% year-over-year in October, reaching $1.73 billion. Notably, iGaming revenue for the year up to October was $6.79 billion, marking a 27.9% increase compared to the same period last year.Â
State-by-State Performance
Among the 35 commercial gaming jurisdictions operational a year ago, approximately half reported increases in combined revenue from traditional casino games, sports betting, and iGaming in October.
Delaware, in particular, experienced a significant surge in iGaming revenue, with a 585.5% increase attributed to a recent change in the state’s iGaming partner.Â
Future Outlook
The sustained growth across multiple gaming sectors indicates a robust trajectory for the U.S. commercial gaming industry. As the year concludes, the industry is well-positioned to achieve a fourth consecutive year of record-breaking revenue, reflecting its resilience and adaptability in a dynamic economic landscape.
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