Commercial Gaming Revenue Tracker for the year 2024, published by the American Gaming Association (AGA), made public today
Casino Gaming Shatters Records in 2024, Online Segment Grabs Nearly a Third of Revenue
Get ready to roll the dice, folks! The American Gaming Association (AGA) unveiled its annual revenue tracker for 2024 yesterday, revealing that the casino industry smashed records, notching an impressive $71.92 billion in revenue. This groundbreaking achievement was shared during the State of the Industry webinar, where AGA's President and CEO, Bill Miller, alongside other key figures, discussed the industry's 2025 priorities and commercial gaming revenue for 2024.
| || --- || 2024 Revenue Record Breakers To put it simply, nearly all major sections of the gaming industry scored revenue victories in 2024. Casinos slots, sports betting, and online gaming all claimed record-breaking revenues. Slot machines generated $36.06 billion, inching up by 1.6 percent, while table games revenue took a slight dip of 1.7 percent year-over-year, raking in $10.14 billion. The combined revenue from traditional casino slots and table games amounted to a robust $49.78 billion, marking an 82 basis points increase compared to 2023.
Sports betting continued its upward trend, ballooning by 25.4 percent from 2023, hitting an impressive $13.71 billion. Online gaming also flourished, swelling by 28.7 percent year-over-year to $8.40 billion. Faced with such stunning growth, in-person gaming remains the industry's cornerstone. Despite online gaming making a significant dent in the revenue pie in 2024, commercial land-based gaming (casino slot machines, table games, and retail sports betting) still accounted for a whopping $50.32 billion, or 70.0 percent, of total revenue in 2024. Meanwhile, online gaming (online sports betting and iGaming) contributed $21.54 billion, claiming 30.0 percent of the total revenue.
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In-Person Gaming Has Record Year, Online Segment Claims Almost a Third of Growing Revenue Pie
Most of the primary verticals within the gaming industry set revenue records in 2024, including casino slots, sports betting and iGaming.
Slot machines generated $36.06 billion, up 1.6 percent, while table game revenue contracted by 1.7 percent year-over-year to $10.14 billion. Collectively, traditional casino slots and table games generated $49.78 billion in revenue, an increase of 82 basis points compared to 2023.
Sports betting continued to see significant growth, increasing 25.4 percent from 2023 and reaching $13.71 billion in revenue. iGaming also had another strong year, expanding 28.7 percent year-over-year to $8.40 billion.
In-person gaming remains the bedrock of the industry despite online gaming claiming an increased slice of the revenue pie in 2024. Commercial land-based gaming-encompassing casino slot machines, table games and retail sports betting-accounted for $50.32 billion, or 70.0 percent, of total revenue in 2024. Meanwhile, online gaming-comprising online sports betting and iGaming-generated $21.54 billion, 30.0 percent of total revenue.
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*Link to full report removed due to brevity constraints
Insights:- Unregulated sweepstakes operators and digital gaming platforms pose a threat to the integrity of the gaming industry, with worries about legal loopholes and consumer protection on the rise.- The use of cryptocurrencies in gaming transactions is expanding rapidly, impacting both traditional and online gaming revenue streams.- New Jersey's digital gaming revenue eclipsed land-based gaming for the first time post-pandemic, suggesting a shift towards digital platforms.- Regulatory priorities for the industry include consumer protection, transparency, and addressing challenges posed by unregulated markets and digital trends.
- The rising tide of sports betting, driven by technology and industry innovation, contributed a notable 25.4% to the overall casino industry revenue in 2024, reaching an impressive $13.71 billion.
- The gaming industry's financial landscape shifted dramatically in 2024, with online gaming, including casino and sports betting platforms, capturing nearly a third (30.0%) of the total revenue, amounting to $21.54 billion.
- The flourishing of the gaming industry, encompassing both land-based and online sectors, showcases the significant role of technology in shaping the future of finance within the casino and sports betting segments.
