US Commercial Gaming Revenue Hits Record $17.7B in Q3 2024, Led by Online Growth
U.S. commercial gaming revenue reached a record $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 gaming activities.
Digital gaming segments showed significant growth:
- iGaming revenue increased 30% to $2.08 billion across seven states
- Sports betting revenue grew 42% to $3.24 billion
- Year-to-date iGaming revenue reached $6 billion, representing 16.2% of physical casino revenue
- Delaware led iGaming growth with a 393% increase following partnership with Rush Street Interactive
- Other iGaming markets showed 25-68% growth
Through September 2024, total commercial gaming revenue reached $53.24 billion, up 8% from 2023, positioning the industry for its fourth consecutive record year. Missouri is expected to become the 39th legal sports betting state in 2024 following voter approval.
Despite inflation impacts on consumer spending, the gaming industry maintains strong growth across all segments, with traditional casino revenue up 0.4% year-to-date despite Q3 challenges.