The American Gaming Association (AGA) launched the commerce group’s 2024 Commercial Gaming Revenue Tracker this week, which supplied some perception not simply on general U.S. business gaming income but in addition an in-depth have a look at on line casino markets across the nation, in addition to sports activities betting.
Despite the general development seen within the report, uneven regional efficiency noticed simply six of the highest 20 business on line casino gaming markets develop in dimension. Simply put, gamblers are beginning to keep dwelling extra typically, fairly than journey.
The Las Vegas Strip stays the highest market within the nation regardless of a 4.4% contraction whereas downtown Las Vegas and Reno/Sparks confirmed good points. Atlantic City remained the nation’s second-ranked market, regardless of contracting 1.7%.
AGA President and CEO Bill Miller mentioned though there was declines in sure markets, the trade remains to be on a constructive footing and has some momentum.
“Looking back at 2024 and ahead to 2205, we have every reason to be confident about gaming’s continued success and our positive impact,” he mentioned.
A Look At Other Markets
Boosted by new property openings, the Chicagoland space retained its place because the third-largest market with the Baltimore-Washington, D.C. space in fourth. Detroit bounced again from labor disputes in 2023 for that market’s highest yearly income whole since 2019.
At the person property stage, 12 of the highest 20 highest-grossing business casinos exterior of Colorado, Nevada, and Mississippi noticed an uptick in mixed land-based gaming income in comparison with 2023.
Resorts World New York City remained the best grossing business property exterior Nevada for the second 12 months in a row. MGM National Harbor (Maryland) and Encore Boston Harbor (Massachusetts) spherical out the highest three, unchanged from 2023.
Outside these, Rivers Casino Portsmouth (Virginia) turned one of many highest grossing properties within the nation in simply the second 12 months of operations.
Among the 36 business gaming jurisdictions operational in 2023, 28 noticed mixed income development from land-based on line casino video games, sports activities betting, and on-line casinos – with all posting new annual data.
Several sports activities betting-only markets noticed declines, together with Montana (-16%), New Mexico (-3.5%), Ohio (-0.9%), New Hampshire (-1.5%), Mississippi (-2%), Missouri (-1.7%), Iowa (-1.7%), and Florida (0.5%).
At the state stage, 14 of the 27 states providing conventional on line casino gaming noticed an uptick in mixed income from slots and desk video games in comparison with 2023. Just a few notable markets noticed main surges in conventional gaming, together with Nebraska (60.1%), Virginia (32%), and Illinois (11%), all pushed by new property openings.
Sports Betting Revenue Nears $14 Billion
Along with particular person gaming markets, the report additionally checked out how a few of these fared within the sports activities betting enviornment. Americans legally wagered $147.91 billion on sports activities in 2024 (a lot of it on parlays), up 23.6% from 2023. More than 95% of that was on-line. The elevated deal with drove nationwide sports activities betting income to $13.71 billion in 2024, 25.4% increased than the earlier 12 months.
Sports betting income was helped by a barely increased maintain share at 9.3% in 2024, in comparison with 9.1% in 2023.
By the shut of 2024, sports activities betting was authorized in 38 states and Washington D.C., together with 34 business jurisdictions the place public knowledge is offered. Missouri legalized sports activities betting on the finish of 2024, however hasn’t but launched, and Texas, Mississippi, and Oklahoma might quickly observe.
New York stays the nation’s high sports activities betting market with $2.1 billion in income for 2024, up 23%. Illinois handed New Jersey to develop into the second-largest sports activities betting market after seeing 21.1% development in 2024 to $1.2 billion.
New Jersey stays in third with $1.1 billion, seeing a year-over-year improve of 14.2%. Massachusetts was additionally notable, shifting up two spots to seventh place with income growing 38.8% over 2023. Ohio completed fourth, however was the one area within the high 10 sports activities betting markets seeing a income decline, falling 3.9%.
North Carolina and Vermont have been new sports activities betting markets in 2024 and mixed for $605.6 million in income. Despite not launching till March, North Carolina is now among the many nation’s high 10 states by income in ninth with $583.6 million.
