The industrial gaming trade noticed a brand new income file for the fourth consecutive yr in 2024, in accordance with knowledge from the American Gaming Association (AGA). Total income reached $71.92 billion, a 7.5% improve from 2023.
With the inclusion of tribal gaming income, which can be reported by the National Indian Gaming Commission later this yr, complete U.S. gaming income is anticipated to succeed in $115 billion.
“By all accounts, 2024 tells a positive story about our industry’s strength and momentum,” AGA President and CEO Bill Miller mentioned within the group’s ‘State of the Industry’ webinar as a part of the discharge of the 2024 Commercial Gaming Revenue Tracker. “Commercial gaming continues to demonstrate unprecedented, continued success.”
Live Gaming Numbers Rise
The image wasn’t fully rosy. December income was $6.16 billion, falling 2% in comparison with the identical month in 2023. This was the primary month-to-month drop in virtually 4 years, nevertheless, and the fourth quarter nonetheless set a file.
“The first annual contraction in 46 months was driven by significantly lower sports betting revenue due to a low hold rate,” the AGA famous.
In-person gaming had a file yr with slot machines, desk video games akin to blackjack, and retail sports activities betting accounting for $50.32 billion, or 70% of 2024 income. Slots generated $36.06 billion, up 1.6%, whereas desk recreation income contracted by 1.7% to $10.14 billion. Retail sports activities betting continued to see vital progress, surging 25.4% to $13.71 billion.
The latest Super Bowl confirmed simply how huge Americans urge for food for sports activities betting has grow to be.
Online Gaming Continues Upward Trend
Americans proceed heading on-line to wager as iGaming had one other robust yr. Online on line casino gaming and sports activities betting generated $21.54 billion, or 30% of complete income. Online on line casino numbers grew 28.7% yr over yr to $8.4 billion.
National income progress was pushed virtually solely by on-line betting in 2024. Online gaming (sports activities and on line casino) now generates the vast majority of industrial income in 13 states, together with larger markets like Michigan, New Jersey, and Pennsylvania.
Billions Sent To State And Local Governments
State and native governments continued to learn from the trade’s success in 2024. Commercial gaming operators paid an estimated $15.66 billion in gaming taxes, an 8.5% improve from 2023. In the fourth quarter, operators paid an estimated $4.01 billion in taxes, 8.4% greater than the identical interval in 2023.
“It’s important to note that these gaming tax figures include state and local taxes directly linked to gaming revenue, which are reported on a monthly or quarterly basis,” the AGA famous. “They do not include annual fees or sports betting excise tax payments to the federal government. Additionally, these figures do not encompass the billions more paid by the industry in terms of income, sales, payroll, and various corporate taxes.”
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