online gambling industry achieves record revenues in 2024
The year 2024 was one of great success for the US online gambling industry, which recorded unprecedented revenues of $71.92 billion, according to the American Gaming Association (AGA). This figure not only exceeded the previous year’s total by more than 7.50%, but also set a new annual record. This performance culminated in the fourth quarter, with $18.62 billion in revenues. Unsurprisingly, the iGaming sector played a direct part in the US gaming industry’s fine performance.
Solid performance by the US gaming industry
Bill Miller, President and CEO of the AGA, expressed his enthusiasm for the success of the U.S. gaming industry in 2024: “(…) Americans have embraced the many completely legal gambling options now available to them, and we’re delighted! Whether in land-based casinos, or on the Internet through the various licensed sites, they have helped the industry flourish! The AGA is committed to working towards even greater growth in the years to come, as this can only benefit consumers and operators alike. “.
The increase in sales was mainly due to solid performances across all game segments. Hard casinos remained the backbone of the industry, with slot machines and table games generating a remarkable $49.78 billion in sales. What’s more, of the twenty-seven federal markets that have authorized gambling in the USA, twelve of them have established new revenue records in 2024 !
Online casino games on the rise in the USA
Online gambling has also grown in the USA, with revenues from iGaming operations increasing by 28.70% to $8.41 billion in states with legal online casinos. At the federal level, all online gambling markets recorded revenues of record revenuesillustrating the growing popularity of this type of product.
” The sustained growth of legal gaming is a victory for the American industry, consumers and all the communities involved. “, said Bill Miller. ” Every dollar injected into the gaming industry stimulates employment, promotes investment and boosts economic growth. “he added.
Despite the many successes of the U.S. gaming industry, problems persist, not least the issue of illegal and unregulated gambling. At the AGM’s annual presentation, Bill Miller emphasized the following issues risks posed by illegal operatorswhich target vulnerable communities and generate income without contributing to tax revenues.
Nevertheless, the outlook for the sector is positive, and continued growth is expected in the years to come, according to discussions held on February 19 during a webinar organized by the AGA, attended by numerous experts from the American gaming industry.
