The American Gaming Association (AGA) presented fourth quarter and fiscal year 2024 financial results for the US commercial market. This report reveals record annual gaming revenue for the fourth year in a row, with an impressive $71.92 billion.
This amount, provided by AGA’s Commercial Gaming Revenue Tracker, surpassed the previous 2023 record by 7.5%. Meanwhile, Q4 2024 revenue reached $18.62 billion, setting a new quarterly record in the US gaming market.
Q4 Performance in 2024
In the fourth quarter, total revenue of US$18.62 billion was mostly driven by gross revenue from traditional casino games, which totaled US$12.59 billion.
This represents growth of 2.3% compared to the previous year. Furthermore, gross gaming revenue (GGR) from sports betting reached US$3.66 billion, marking a 7.3% increase compared to last year.
On the other hand, online gaming revenue, although it was the lowest at US$2.38 billion, stood out for its sharpest growth of 33.1% compared to the fourth quarter of 2023.
Fiscal year overview
For the full year, land-based casino GGR remained the top revenue driver in the US, reaching $48.79 billion. Sports betting and iGaming generated US$13.71 billion and US$8.41 billion, respectively.
In terms of annual growth, 2024 saw a moderate 0.8% increase in land-based casino revenue.
However, sports betting revenue rose 25.4% compared to 2023, following regulation in several states. Online games maintained a rapid growth rate, with an increase of 28.7% compared to 2023 figures.
US Games Highlights
The AGA highlighted that land-based casino revenue was record high, with 12 of the 27 traditional gaming markets achieving record revenues in 2024. Additionally, the nation’s six iGaming markets also posted annual records, with New Jersey and Illinois surpassing $1 billion in sports betting revenue for the first time.
The U.S. commercial gaming industry also increased its contributions to state governments, paying approximately $15.66 billion in gaming taxes, an 8.5% increase over the previous year.
According to Bill Miller, president and CEO of the AGA, “In 2024, Americans embraced the many legal gaming options available to them—whether at casinos, sportsbooks or online—leading to another record year for our industry.”
“As we build on this success, AGA remains committed to driving additional growth that benefits consumers, operators and communities alike.”
