After a report second quarter for the U.S. business gaming business, the third quarter continued the pattern with income reaching a complete of $17.71 billion. That was the business’s highest-grossing third quarter on report, based on the American Gaming Association’s (AGA).
This achievement marked the business’s fifteenth consecutive quarter of annual income development, with September marking the forty third straight month of rising year-over-year income. Sports wagering and that iGaming stay main contributors to that development, with on-line gaming income in New Jersey even topping dwell on line casino income for the primary time in October.
“Q3 2024 continued gaming’s momentum from the first half of the year, with online casino and sports betting driving strong growth,” AGA Vice President of Research David Forman stated. “At the same time, new brick-and-mortar casino openings bolstered traditional gaming, which still accounts for the bulk of industry revenue. More than a quarter of commercial revenue now regularly comes from online sources, raising the importance of continued sustainable growth with consumers in those states.”
Inside The Numbers
Through the primary 9 months of the yr, business gaming income stands at $53.24 billion, an 8% enhance from 2023 and setting the business on observe for a fourth straight report income yr.
In the third quarter, 29 of the 35 operational business gaming jurisdictions elevated year-over-year income. This resulted in an 8.9% soar in state and native taxes tied on to gaming income, with operators contributing $3.79 billion in taxes throughout the quarter.
Quarterly income from land-based gaming reached $12.56 billion, 0.62% decrease than the identical quarter final yr. Combined income from on-line sports activities betting and that iGaming totaled $5.14 billion as on-line gaming made up 29% of general gaming income, considerably larger than within the third quarter of 2023. Here’s a breakdown of third-quarter gaming.
- Traditional gaming – Brick-and-mortar on line casino gaming generated quarterly income of $12.38 billion, a year-over-year contraction of 0.9%.
- Legal sports activities betting – Americans wagered $30.3 billion on sports activities, producing $3.24 billion in quarterly income, up 42.4%. Recent market launches in Kentucky, Maine, North Carolina, and Vermont contributed to this development.
- iGaming – Online gaming generated $2.08 billion, marking a 30.3% year-over-year enhance.
The AGA’s Commercial Gaming Revenue Tracker gives state-by-state and cumulative perception into the business gaming business’s monetary efficiency based mostly on state income experiences. The tracker displays 37 states and the District of Columbia, which all characteristic operational business gaming markets. Tribal casinos usually are not included within the knowledge.
