American Gaming Industry Evolves Beyond Political Lines, AGA Chief Reports Growth

American Gaming Industry Evolves Beyond Political Lines, AGA Chief Reports Growth

By Michael Harrison

December 27, 2024 at 09:25 PM

The American Gaming Association (AGA) reflects on significant industry growth and evolution as 2024 comes to a close. The U.S. gaming industry is achieving record revenues for the fourth consecutive year, with expanded offerings across traditional casinos, sports betting, iGaming, and historical horse racing machines.

Man speaking at podium at casino

Man speaking at podium at casino

AGA President and CEO Bill Miller highlights several key developments:

  • Commercial gaming revenue is on track to exceed 2023's record of $67 billion
  • Growth observed across all gaming verticals
  • Average casino visitor age has decreased from 50 to 42
  • Sports betting has expanded to nearly 40 states since 2018
  • Strong performance in both traditional and online gaming segments

Looking ahead to 2025, the industry anticipates:

  • Continued convergence of sports, gaming, and entertainment
  • Enhanced focus on responsible gaming practices
  • Further innovation in gaming experiences
  • Sustained bipartisan support (70% approval from both major political parties)
  • Expanded economic impact through job creation and tourism

The industry's success is attributed to:

  • Adaptation to younger demographics
  • Strategic expansion into new markets
  • Integration of sports betting and online gaming
  • Resilience against economic challenges
  • Strong community partnerships

Miller emphasizes the industry's unique position as a bipartisan success story, citing its positive economic impact on communities through job creation, increased tourism, and tax revenue generation. The AGA looks forward to continued collaboration with incoming administration, Congress, and state governments to further advance the gaming industry's interests.

Related Articles

Previous Articles