US commercial gaming revenue reached $17.63bn in Q2 2024, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. The total marked the industry’s 14th consecutive quarter of annual revenue growth and its highest-grossing Q2 performance on record.
Across the country, 24 jurisdictions saw year-over-year revenue growth in Q2 2024, and nationwide commercial gaming revenue resulted in $3.73bn in state taxes generated directly from gaming.
Both land-based (including brick-and-mortar sportsbooks) 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 per cent in Q2 2023 to 32.5 per cent in Q2 2024. Overall, land-based gaming accounted for 71.4 per cent of total revenue while online gaming represented the remaining 28.6 per cent.
Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.49bn (1.8 per cent year-over-year), with annual revenue gains in May and June buoying a slow beginning to the quarter in April.
Americans wagered $31.75bn on sports in Q2 2024, generating $3.16 bn in quarterly revenue (+35.3 per cent year-over-year). The growth compared to Q2 2023 was bolstered by new market launches in Kentucky, Maine, North Carolina and Vermont since last spring.
iGaming grossed $1.97bn in Q2, a 25.2 percent year-over-year increase. Sequentially, iGaming revenue declined slightly (-0.7 per cent) from Q1 for the second straight year.
“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.”
