According to the American Gaming Association, revenue from commercial gaming reached $17.63 billion in the second quarter of 2024. It’s the 14th quarter in a row that the gaming industry has increased revenue.
Traditional gaming — brick-and-mortar casinos — in the quarter led the way with $12.49 billion, a year-over-year increase of 1.8%. But there were significant gains in sports betting, with wagering reaching $31.75 billion, generating $3.16 billion in revenue, a 35.3% year-over-year increase. And igaming revenue, while down slightly at -0.7% for the quarter, did reach $1.97 billion.
“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 in a statement. “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.”
Across the country, 24 jurisdictions grew year-over-year revenue in 2Q24. Nationwide, commercial gaming revenue generated $3.73 billion in state taxes generated directly from gaming.
Both land-based and online gaming, including sports betting, saw annual growth for the quarter. Year-over-year, the pace of land-based growth accelerated slightly. While the pace of online growth improved from the first quarter of 2024, it slowed significantly from nearly 44% in 2Q23 to 32.5 percent in 2Q24.
Land-based gaming accounted for 71.4 % of total revenue, while online gaming represented the remaining 28.6%.
Currently, 37 states and the District of Columbia feature commercial gaming markets in 2Q24, including casino gaming, sports betting and igaming.
