AGA Commercial Gaming Revenue Tracker Shows Strong Industry Growth in Q2 2024

The American Gaming Association (AGA) unveiled a press release on August 15 revealing that commercial gaming revenue in the US reached $17.63 billion in Q2 2024, marking the 14th consecutive quarter of annual growth, according to the AGA’s Gaming Revenue Tracker.

AGA is an organization that promotes innovation, regulation, and responsible gambling in the US. Its key goals include:

• Supporting policies that encourage growth and reinvestment in the gambling industry.

• Strengthening organizational and financial positioning.

• Leading efforts in responsible gambling and effective industry regulation.

Its Commercial Gaming Revenue Tracker provides nationwide and state-by-state insights into gambling performance. While monthly reports capture short-term data, quarterly reports offer detailed analyses of industry trends.

iGaming Was Responsible for Almost 30% of Total Revenue

According to AGA data, 24 jurisdictions across the US recorded year-over-year (YoY) growth in Q2, generating $3.7 billion in tax revenue — a 4% YoY increase. iGaming continued to grow strongly, though at a slower pace than in Q1.

• Between Q1 2023 and Q1 2024, iGaming grew 44% YoY.

• In Q2, YoY growth was 32.5%, totaling $5.04 billion, or 28.6% of nationwide revenue.

• Land-based casinos produced $12.49 billion, a 1.8% increase YoY, with notable rebounds in May and June after a slow April.

24 of 33 Jurisdictions Recorded Revenue Increases

Out of the 33 jurisdictions with full data, 24 saw revenue growth compared to 2023.

• Largest increases: Wyoming (26.8%), District of Columbia (178.7%), Maine (20.6%), Nebraska (35.7%), Tennessee (32.8%), Virginia (34.5%).

• Oklahoma posted the biggest decline — 8.2%, generating $36.1 million in Q2 — due to the closure of Will Rogers Downs in June.

Sports Betting Also Experienced Major Growth

Sports betting remains a dominant trend in the US. In Q2 2024, Americans wagered $31.75 billion, generating $3.16 billion in revenue, a 35.3% YoY increase.

• New market launches in Kentucky, North Carolina, Maine, and Vermont were key contributors.

• David Forman, AGA’s VP of research, stated that sports betting and iGaming continue to “drive overall industry revenue growth.”

• He added that traditional casinos benefited from new openings in Nebraska, Virginia, and Illinois.

The US gambling industry continues its strong trajectory, with both online and land-based sectors contributing to consistent national revenue growth.