The US gambling sector has reached an all-time high. It recorded a staggering $71.92 billion in revenue for 2024. This marks a 7.5% increase from the previous year, showing steady growth in gaming and betting demand.
Key Highlights:
- Record-Breaking Revenue: The total climbed to $71.92 billion, marking the fourth consecutive year of growth.
- Digital Expansion: Online gaming and sports betting contributed 30% of total revenue, reaching $21.54 billion.
- Higher Tax Contributions: The industry paid $15.66 billion in gaming taxes, rising 8.5% from 2023.
A Historic Milestone for US Gambling
The American Gaming Association (AGA) reported a new revenue benchmark for 2024. The final quarter was especially strong. Operators generated $18.62 billion, the highest-ever revenue in a single quarter.
According to AGA President Bill Miller, increased consumer participation across multiple gaming platforms fueled this growth. These include Casinos with the Best Promotions and Bonuses, Sports Betting Platforms, and Top Online Casinos with Fast Payouts.
Online Gambling and Sports Betting Fuel Growth
The Best Online Casinos 2025 and sports betting platforms played a crucial role in record-breaking revenues. Digital gambling contributed $21.54 billion, making up 30% of total industry earnings.
- Online casinos in seven states generated $8.41 billion, marking a 28.7% increase year-over-year. Every iGaming market posted new revenue records.
- Sports betting revenue jumped to $13.71 billion, reflecting a 25.4% annual rise. New Jersey and Illinois surpassed the $1 billion mark in sports betting revenue.
- The last quarter of 2024 was the most profitable in history, with $3.66 billion earned in online sports betting alone.
Land-Based Casinos Continue to Thrive
Despite online growth, traditional casinos remained dominant. They contributed $49.78 billion in revenue. Among the 27 states with commercial casinos, 12 reported record earnings.
- The Las Vegas Strip remained the top-grossing casino hub.
- Queens/Yonkers entered the top five revenue-generating casino markets.
- Casinos with Minimum Bets and Casinos with High RTP Slot Machines gained popularity.
Economic Contributions and Future Trends
The gambling sector boosted state and local economies. Gaming taxes rose to $15.66 billion, an 8.5% increase from 2023. These funds support jobs, infrastructure, and local investment.
According to Bill Miller, Casinos with Fast Withdrawals, Safe Licensed Casinos, and No Deposit Casino Bonuses will shape the industry’s future. The sector’s adaptability suggests that Casinos without Verification and Crypto Casinos 2025 will see further growth.
As Online Casinos with the Best Mobile Version expand and digital platforms improve, revenue is expected to rise. While traditional casinos will thrive, digital gaming is becoming more dominant.
The US gambling industry remains strong. With innovations in both land-based and online casinos, it is set for continued growth.