Record-Breaking Quarter for Commercial Operators in U.S.: $17.7 Billion in Revenue

A Record Quarter and a Historic Year

David Forman, AGA Vice President of Research, stated: “Q3 2024 continued gaming’s momentum from the first half of the year, with online casino and sports betting driving strong growth. At the same time, new brick-and-mortar casino openings bolstered traditional gaming, which still accounts for the bulk of industry revenue. More than a quarter of commercial revenue now regularly comes from online sources, raising the importance of continued sustainable growth with consumers in those states.”

The report also highlights September as the 43rd consecutive month of year-over-year growth in commercial gambling revenue.

During the first nine months of 2024, commercial gambling revenues across the U.S. totaled $53.24 billion, an 8% increase compared to 2023. This positions the industry for its fourth consecutive record-breaking year in revenue.

This growth also fueled an 8.9% increase in state and local taxes, with commercial operators contributing $3.79 billion in taxes during the quarter.

iGaming and Sports Betting Drive Growth

While traditional brick-and-mortar casino gaming generated $12.38 billion in Q3, it represented a 0.9% decline compared to the same period last year.

On the other hand, sports betting continued its rapid expansion. Americans legally wagered $30.3 billion on sports in Q3, producing $3.24 billion in revenue—a 42.4% increase year-over-year. This surge was driven by new market launches in Kentucky, Maine, North Carolina, and Vermont.

iGaming also played a significant role in the growth of U.S. gambling. Despite limited availability across states, online gambling generated $2.08 billion in revenue, marking a 30.3% increase compared to the same period in 2023.