written and last updated by
Sam Smith at
16 Aug 2024
Journalist, Editorial Department
The American Gaming Association (AGA) has released financial statistics for the U.S. gambling industry for the second quarter of 2024, revealing that total revenue from land-based casinos, sports betting, and the iGaming sector reached $17.63 billion (1.56 trillion rubles). This marks an 8.9% increase compared to the previous year.
The overall revenue from online gaming amounted to $1.97 billion (174.7 billion rubles). While this represents a 1% decline from the first quarter of 2024, it reflects a significant year-over-year increase of 25.2%. All six states with legal iGaming markets reported financial improvements ranging from 20% to 39% compared to 2023. Notably, Rhode Island is excluded from this data, as online casinos only became legal there in March of this year.
Revenue from land-based casinos grew by 1.8%, with slot machines and table games generating $12.49 billion (1.1 trillion rubles) in the second quarter of 2024. However, 15 out of 27 markets experienced an average decline of 3.3% compared to the same period in 2023. Conversely, the remaining 12 markets, including Virginia, Nebraska, and Illinois, saw an average increase of 9.7%. The AGA attributes these improved figures to the opening of new properties.
"After a slow start in April, revenue from offline services saw year-over-year growth in May and June," the AGA stated.
The sports betting sector achieved a record $3.16 billion (280.3 billion rubles) in the second quarter, reflecting a remarkable 35.3% increase. The AGA noted that this growth was bolstered by the launch of new markets in Kentucky, North Carolina, and Vermont last year.
Meanwhile, researchers at Vixio estimate that if online casinos were legalized in all U.S. states, they could generate between $9 billion and $15 billion annually in tax revenue.
