U.S. Gaming Revenue Hits Record $71.92 Billion in 2024
The U.S. commercial gaming industry reached a historic milestone in 2024, generating a record-breaking $71.92 billion in total revenue. According to the American Gaming Association (AGA), this is a 7.5% increase from the previous record of $66.5 billion set in 2023.
Unprecedented Growth Across All Sectors
The industry capped the year with an all-time high in quarterly revenue, recording $18.62 billion in Q4 2024. This surge was fueled by robust performances in brick-and-mortar casinos, sports betting, and online gaming, each setting new benchmarks.
Slot machines and table games remained the industry’s backbone, bringing in $49.78 billion—a slight but notable increase from 2023. Among the 27 major gaming markets, 12 states set new annual revenue records.
Wagering on sports hit $13.71 billion, a 25.4% jump from 2023’s record. The last quarter alone generated $3.66 billion, making it the most profitable period for sportsbooks for the sixth straight year. New Jersey and Illinois each surpassed $1 billion in annual sports betting revenue for the first time.
Online casino gaming in seven regulated states saw the fastest growth, with revenues climbing 28.7% year-over-year to $8.41 billion. All six previously established online gaming markets reported record-breaking revenues.
Top Gaming Markets and Tax Contributions
The Las Vegas Strip remained the country’s leading gaming market, followed by New Jersey, Chicagoland, Baltimore/Washington, D.C., and Queens/Yonkers. Notably, Queens/Yonkers broke into the top five, surpassing the Mississippi Gulf Coast.
The industry’s expansion also meant higher contributions to state and local governments. In 2024, commercial gaming operators paid $15.66 billion in gaming taxes, an 8.5% increase from the previous year. This figure does not include additional tax contributions from payroll, income, and corporate taxes.
AGA President and CEO Bill Miller highlighted the significance of this continued success. “In 2024, Americans embraced the diverse legal gaming options available to them—whether in casinos, at sportsbooks, or online—leading to another record-setting year for our industry,” Miller said.
He also emphasized how gaming revenue directly benefits local communities through job creation, economic investment, and state funding.
“Every dollar of gaming revenue fuels jobs, investment, and economic growth—reinforcing why the legal industry’s expansion is so important,” concluded Miller.
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