The American Gaming Association (AGA) has introduced that US business gaming income is projected to exceed $67 billion in 2024, marking the fourth consecutive 12 months of record-breaking development for the trade. The forecast comes on the heels of a powerful third quarter, which noticed gaming income attain a historic $17.71 billion—the very best Q3 complete ever recorded.
Online Gaming Drives Growth
Online gaming continues to be the first driver of the trade’s enlargement. In Q3 2024 alone, iGaming income surged by 30.3% to $2.08 billion, whereas sports activities betting income elevated by 42.4% to $3.24 billion. Together, these on-line channels accounted for 29% of the trade’s complete income, underscoring their vital function in shaping the fashionable gaming panorama.
Despite slight declines in conventional brick-and-mortar on line casino income—down 0.9% year-over-year to $12.38 billion—the phase stays steady. New on line casino openings and sustained client demand have helped offset broader financial challenges, permitting land-based operations to keep their footing.
Industry Resilience Amid Challenges
Speaking on the trade’s efficiency, AGA President and CEO Bill Miller highlighted its adaptability and forward-thinking method:
“Our industry continues to demonstrate its strength, reaching new audiences and creating experiences that were hard to imagine just a few years ago,” Miller said. “From the exciting convergence of sports, gaming, and entertainment to expansion into new markets, we’re redefining what it means to be in the gaming business today.”
Miller additionally pointed to key authorized and regulatory victories, comparable to a big win towards unlawful talent sport operators in Virginia, as proof of the trade’s dedication to sustaining integrity and transparency.
Responsible Gaming and Future Growth
Looking forward, the AGA plans to launch a brand new accountable gaming marketing campaign in 2025, aiming to additional unite the trade and improve client safety. This initiative will construct on the trade’s longstanding dedication to accountable practices, which Miller views as important for sustainable development.
Additionally, demographic shifts are reshaping the trade. The common age of on line casino guests has dropped from 50 to 42, indicating a rising enchantment amongst youthful audiences. This pattern, coupled with the continuing integration of sports activities, gaming, and leisure, presents vital alternatives for innovation and development in 2025 and past.
Tax Contributions and Economic Impact
In Q3 alone, the business gaming trade contributed $3.79 billion in taxes, an 8.9% improve in contrast to the identical interval in 2023. This underscores the sector’s important function in supporting state and native economies by means of job creation, tourism, and substantial tax income.
As the 12 months concludes, the trade stays on monitor to obtain its bold $67 billion income goal, pushed by development throughout all gaming verticals and an unwavering dedication to excellence.
Source:
U.S. Gaming Industry Hits Record $67B Revenue, Eyes Growth in 2025, World Casino Directory, December 24, 2024.
