US Gambling Revenue Nears $90 Billion in 2024, Up 6.2%
The US gambling industry generated nearly $90 billion in revenue in 2024, a 6.2% year-over-year increase, according to a new report from RubinBrown. This growth was largely fueled by the continued expansion of online sports betting and iGaming across the country.
A Comprehensive Market View
The “GAMING STATISTICS ‘24” report analyzes data from 38 states, providing a detailed look at the industry’s financial health. The final $89.42 billion figure includes revenue from commercial casinos, tribal gaming, sports betting, iGaming, daily fantasy sports, video gaming terminals (VGTs), and historical horse racing (HHR).
This analysis covers the core regulated gambling sectors. It does not include revenue from state lotteries, card rooms, social casinos, or prediction markets.
The report provides a state-by-state breakdown, showing how each region’s unique gaming ecosystem contributes to the national total.
Online Verticals Drive Growth
The report confirms that iGaming and sports betting are the primary engines of market growth. Pennsylvania’s gaming revenue hit $6.4 billion, with its massive iGaming sector growing 25.3% to $2.18 billion.
In Connecticut, iGaming revenue surged 32.3% to $537 million, helping the state’s total revenue climb 12.8%.
Sports betting also showed impressive gains. Arizona’s sports betting revenue jumped 25.2% to $698 million. New York continued to dominate the sector, posting $2.05 billion in sports betting revenue, a 20.7% increase from the previous year.
Legacy Sectors Remain Strong
While online gaming is growing faster, land-based casinos still form the industry’s foundation. Nevada remains the market leader, with its commercial casinos generating $15.6 billion in 2024. The state’s table games reported the highest daily win per unit in the country at $2,782.
Tribal gaming is another critical component, though comprehensive data remains private for many operations. Where data is available, it shows a stable and significant market. In Arizona, tribal gaming revenue grew 2.3% to $2.94 billion, making up the vast majority of the state’s total gambling income.
Niche Verticals Make a Big Impact
The report also highlights the importance of less-discussed verticals in specific states. In Illinois, VGTs located in bars, restaurants, and truck stops generated over $3 billion in revenue, more than the state’s commercial casinos and sports betting combined. New York’s video gaming machines at racetracks brought in $2.43 billion.
Historical Horse Racing machines are also a major revenue source in several states. Kentucky’s HHR revenue grew 7.9% to $872 million, while Virginia’s jumped 24.2% to $466 million. These verticals demonstrate the diverse ways states have embraced gaming beyond traditional casinos.
The industry’s growth translates directly into significant tax revenue for state governments. Pennsylvania collected $2.55 billion in gambling taxes in 2024. Illinois followed with $1.75 billion.
New York stands out for its high tax rate on sports betting. This policy allowed the state to collect over $1 billion in taxes from sports wagering alone last year. Ohio also doubled its tax revenue from sports betting after raising its tax rate from 10% to 20%, showing a clear trend of states maximizing financial returns from their regulated markets.
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