The American Gaming Association (AGA) has announced that US commercial gaming revenue is projected to exceed $67 billion in 2024, marking the fourth consecutive year of record-breaking growth for the industry. The forecast comes on the heels of an impressive third quarter, which saw gaming revenue reach a historic $17.71 billion—the highest Q3 total ever recorded. Online Gaming Drives Growth Online gaming continues to be the primary driver of the industry’s expansion. In Q3 2024 alone, iGaming revenue surged by 30.3% to $2.08 billion, while sports betting revenue increased by 42.4% to $3.24 billion. Together, these online channels accounted for 29% of the industry’s total revenue, underscoring their significant role in shaping the modern gaming landscape. Despite slight declines in traditional brick-and-mortar casino revenue—down 0.9% year-over-year to $12.38 billion—the segment remains stable. New casino openings and sustained consumer demand have helped offset broader economic challenges, allowing land-based operations to maintain their footing. Industry Resilience Amid Challenges Speaking on the industry’s… Read More
Category: News
Source: Casino News Daily
