Commercial Gaming Revenue Reaches $17.63B in Q2 2024, Marking Industry’s 14th Consecutive Quarter of Growth

Washington, D.C. – Nationwide U.S. commercial gaming revenue reached $17.63 billion in Q2 2024, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The total marked the industry’s 14th consecutive quarter of annual revenue growth and its highest-grossing Q2 performance on record.

Across the country, 24 jurisdictions saw year-over-year revenue growth in Q2 2024, and nationwide commercial gaming revenue resulted in $3.73 billion in state taxes generated directly from gaming.

Both land-based (including brick-and-mortar sportsbooks) and online gaming saw annual growth for the quarter. Year-over-year, the pace of land-based growth accelerated slightly, and while the pace of online growth improved from the first quarter of 2024, it slowed significantly from nearly 44 percent in Q2 2023 to 32.5 percent in Q2 2024. Overall, land-based gaming accounted for 71.4 percent of total revenue while online gaming represented the remaining 28.6 percent.

Taking a closer look at each major vertical:

• Traditional Gaming: Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.49 billion (+1.8% year-over-year), with annual revenue gains in May and June buoying a slow beginning to the quarter in April.

• Legal Sports Betting: Americans wagered $31.75 billion on sports in Q2 2024, generating $3.16 billion in quarterly revenue (+35.3% year-over-year). The growth compared to Q2 2023 was bolstered by new market launches in Kentucky, Maine, North Carolina and Vermont since last spring.

• iGaming: iGaming grossed $1.97 billion in Q2, a 25.2 percent year-over-year increase. Sequentially, iGaming revenue declined slightly (-0.7%) from Q1 for the second straight year.

“While sports betting and iGaming continued to drive overall industry revenue growth in the second quarter, new brick-and-mortar property openings in Illinois, Nebraska and Virginia also led to rising traditional commercial gaming revenue,” said AGA Vice President of Research David Forman. “Across the country, land-based gaming markets are seeing mixed year-over-year comparisons due to slower consumer spending economy-wide, which may continue to be a factor through the remainder of 2024.”

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Background

• AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the U.S. commercial gaming industry’s financial performance based on state revenue reports. This issue highlights Q2 2024 results.

• 37 states and the District of Columbia featured operational commercial gaming markets in Q2 2024, including casino gaming, sports betting and iGaming.

• AGA’s State of Play Map charts gaming’s economic impact, industry regulations and casino locations on a state-by-state basis for both the commercial and tribal gaming sectors.

About the AGA

As the national trade group representing the U.S. casino industry, the American Gaming Association (AGA) fosters a policy and business environment where legal, regulated gaming thrives. The AGA’s diverse membership of commercial and tribal casino operators, sports betting and iGaming companies, gaming suppliers, and more lead the $329 billion industry and support 1.8 million jobs across the country.