The American Gaming Association's (AGA) members have released a new financial report for 2024 with record figures. The document contains economic summaries for all RMG verticals in each state.
The agency stated that total commercial revenue for the period reached a whopping $72 billion, which is 7.6% more than in the previous year.
Central Notions from the Report
Industry experts named the rapid expansion of legal sports wagering and iGaming sectors as the main reason for the growth in financial indicators. Records were broken in 28 out of 38 states with operating RMG niches.
The total volume of tax revenues reached an impressive $15.9 billion, which is 8.5% higher YoY.
Let us explore key verticals analysed in the report:
Physical Gambling
Commercial gain for traditional casinos totalled $49.89 billion, up roughly 1% across the country’s 492 land-based establishments. However, the Las Vegas Strip’s earnings fell in March. The location’s profits dropped 5% YoY in the month.
Overall, the ground gaming niche in the US remains one of the most resilient ones, bringing the most proceeds to the local treasury.
Bookmaker Offices
Sports wagering revenues jumped 25% to $13.78 billion. This uplift was mainly driven by the opening of 2 new hubs in Vermont and North Carolina. The expansion of sector participants has led to a nationwide handle of $149.9 billion.
Web Amusement
The internet gaming sphere showed an even greater increment. The segment recorded a 28.7% rise in earnings to $8.4 billion across 7 states. The last jurisdiction to join this pool, Rhode Island, debuted in 2024 and already added $26 million to the total. All the regions with legal digital gambling set new monthly records in March.
Despite strong overall performance across all sectors, the AGA’s Gaming Conditions Index decreased 0.9% in Q1 2025, the most substantial decline since the start of COVID-19.
The main reasons for the metric’s fall include the following:
- lower real salaries of the population;
- minor negative attitude;
- weak profit growth.
Expert Forecasts on Market Prospects
The Association surveyed 28 senior industry executives to identify the current conditions for running gambling projects.
According to the data received:
- 36% of study participants assess the current market situation as negative;
- 18% of respondents believe the environment is favourable for development.
The overall Q1 2025 index was -5.6%, which means that most niche executives are pessimistic.
At the same time, optimism prevails in the long term:
- 80% of the surveyed expressed a neutral opinion about future conditions;
- 14% of research participants remain positive;
- 4% of respondents are negative.
The AGA’s members noted that senior industry representatives are hopeful about further investment, but the rate of hiring and salary growth is causing some concern. Despite the controversy and doubts about drastic shifts in regulatory and taxation policies, the outlook for future player activity has improved.
Experts believe that caution and restraint are short-term trends. Very soon, the sphere’s participants can expect a new expansion of digital channels and additional investment flows into all RMG sectors.
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