US Commercial Gaming Revenue Hits Record $17.7B in Q3 2024
Commercial gaming revenue hit $17.71 billion in Q3 2024, marking an 8.1% year-over-year increase and the industry's 15th consecutive quarter of growth, according to the American Gaming Association (AGA).
Vegas Strip glowing at sunset
Traditional brick-and-mortar casino revenue slightly declined by 1% to $12.38 billion. While slot revenue increased by 1.3% to $9.1 billion, table games saw an 8.3% decrease to $2.42 billion with a 20% hold rate. The remaining $860 million came from retail sportsbooks, poker rooms, and other casino games.
Online gaming continued its strong performance:
- iGaming revenue reached $2.08 billion (30% increase)
- Sports betting revenue hit $3.24 billion (42% increase)
- Through Q3, iGaming generated $6 billion across seven states
- Delaware showed the highest growth at 393% after partnering with Rush Street Interactive
- Other iGaming markets grew between 25-68%
Sports betting revenue through nine months totaled $9.96 billion, up 33.6% from last year. Missouri is set to become the 39th state to legalize sports betting following a successful November ballot referendum.
Year-to-date commercial gaming revenue stands at $53.24 billion, up 8.0% from 2023, positioning the industry for its fourth consecutive record year despite ongoing inflation pressures affecting consumer spending.