written and last updated by
Sam Smith at
20 Feb 2025
Journalist, Editorial Department
The American Gaming Association (AGA) has released its "State of the Industry 2025" report, highlighting record revenue figures for U.S. casinos in 2024. Total revenue reached $71.92 billion, a 7.5% increase from the previous year. Following the release of data from the National Indian Gaming Commission (NIGC), casino revenue in the U.S. for 2024 is expected to approach $115 billion.
Revenue from slot machines in 2024 amounted to $36.06 billion, marking a 1.6% rise compared to 2023. Meanwhile, revenue from table games hit $10.14 billion. In total, traditional casinos generated $49.78 billion.
In 2024, gaming companies paid $15.66 billion in taxes to municipal and state authorities, an 8.5% increase from 2023. This figure does not include annual fees related to sports betting.
The online gambling segment experienced significant growth, with iGaming revenue reaching $8.40 billion, up 28.7% from the previous year. Overall revenue from this sector totaled $21.54 billion, a 24.6% increase compared to 2023. The report noted that New Jersey, Michigan, and Pennsylvania contributed a "substantial portion" of the iGaming revenue in 2024.
American consumers placed $147.91 billion in sports bets in 2024, a 23.6% increase from 2023. Revenue from this sector rose to $13.71 billion, up 25.4% year-on-year.
New York maintained its status as the largest sports betting market in 2024, generating $2.08 billion, a 23% increase from 2023. Illinois ranked second, with revenue growing by 21.1% to $1.21 billion. New Jersey followed, reporting sports betting revenue of $1.14 billion, a 14.2% increase from the previous year.
Looking ahead to 2025, the U.S. gambling market is expected to continue its growth, particularly in the online segment. However, industry participants emphasize that further development will require not only the expansion of legal frameworks but also effective regulation aimed at protecting users and enhancing industry transparency.
Notably, the AGA study confirmed the positive contribution of the gambling industry to the U.S. economy.
