Commercial gambling in America reached $17.63 billion in Quarter 2 of this year, according to figured provided by the American Gaming Association. Their Commercial Gaming Revenue Tracker shows that the industry just hit its 14th consecutive quarter of annual revenue growth, and its highest-grossing Quarter 2 performance ever. Across the country, 24 jurisdictions saw year-over-year revenue growth in the second quarter of 2024, and nationwide commercial gaming revenue resulted in $3.73 billion in state taxes generated directly from gaming.
Both land-based gambling in America and online gaming saw annual growth for the quarter. Year-over-year, the pace of land-based growth accelerated slightly, and while the pace of online growth improved from the first quarter of 2024, it slowed significantly from nearly 44 percent in Q2 2023 to 32.5 percent in Q2 2024. Overall, land-based gaming accounted for 71.4 percent of total revenue while online gaming represented the remaining 28.6 percent.
A closer look at each major vertical finds that traditional brick-and-mortar casino gaming generated quarterly revenue of $12.49 billion, with annual revenue gains in May and June buoying a slow beginning to the quarter in April. Americans also wagered $31.75 billion on sports in 2024’s second quarter, generating $3.16 billion in quarterly revenue. The growth compared to Quarter 2 of last year was bolstered by new market launches in Kentucky, Maine, North Carolina and Vermont since last spring. iGaming also added to the record growth of gambling in America, netting $1.97 billion in Quarter 2, which was more that a 25% year-over-year increase.
“While sports betting and iGaming continued to drive overall industry revenue growth in the second quarter, new brick-and-mortar property openings in Illinois, Nebraska and Virginia also led to rising traditional commercial gaming revenue,” said AGA Vice President of Research David Forman. “Across the country, land-based gaming markets are seeing mixed year-over-year comparisons due to slower consumer spending economy-wide, which may continue to be a factor through the remainder of 2024.”