iGaming Segment Revenue in the U.S. Reached $21.54 Billion in 2024
The iGaming segment in the U.S. continues to gain popularity, and in 2024, its revenues reached record levels. According to data from the American Gaming Association (AGA), iGaming has become an important part of the gaming industry, accounting for 30% of the sector’s total revenue.
Total Revenue of the Gaming Industry in 2024
In 2024, the total revenue from commercial gaming in the U.S. amounted to $71.92 billion, which is a 7.5% increase compared to the previous year. A significant portion of this came from online gaming, including sports betting and online casinos, which boosted iGaming revenues to $21.54 billion, or 30% of the total revenue.
This growth was made possible by the popularity of online sports betting and online casinos. Online casinos generated $8.4 billion, a 28.7% increase compared to 2023, while sports betting amounted to $13.14 billion. This confirms the trend of growing online gaming’s share in the country’s gaming industry.
Impact of iGaming on Tax Revenues
One of the results of a successful year for the gaming industry was the increase in tax revenues. In 2024, the gaming industry in the U.S. paid $15.66 billion in taxes, which is an 8.5% increase compared to the previous year. These taxes are collected by state and local governments where gambling laws are in place.
Role of States in iGaming Revenues
The iGaming segment generates a large portion of commercial revenues in 13 states, including Michigan, New Jersey, and Pennsylvania. In these regions, online sports betting and casinos account for a significant share of total gambling revenues.
Key Trends of 2024
- Growth of Online Gaming: Online sports betting and online casinos continue to rise in popularity, influencing the overall revenues of the gaming industry. Online games now make up a significant portion of all revenues, further highlighting the growing interest in digital entertainment.
- Sports Betting Surge: In 2024, the U.S. saw an increase in sports betting revenues, which grew by 25.4%, reaching $13.71 billion. Interest in betting on sports events continues to rise, especially thanks to the convenience of online betting.
- Record Tax Revenues: Gambling revenues directed to state and local government budgets grew by 8.5%, driven by the rise in commercial revenues.
Regions with Highest Revenue
Among the largest gaming markets, Las Vegas stands out. Despite a slight decline in revenues, other major cities such as Detroit and Chicago continue to grow. For example, the Chicagoland area maintained its position as the third-largest market due to new casino openings.
Future Outlook
Given the growth of online gaming and sports betting, as well as the increase in tax revenues, it is expected that the gaming industry in the U.S. will continue to develop in 2025. Gaming companies will invest in new technologies, improve user experiences, and expand the availability of online gaming in various states.