US online gaming revenue hits US$21.54 billion in 2024
The American Gaming Association has revealed that online gaming across the US generated US$21.54 billion in revenues over 2024.
That figure was a 24.6% rise from 2023 and helped drive overall gaming revenues up by 7.5% to US$71.92 billion across the US. The report suggests this growth was driven primarily by online sports betting.
While land-based gaming continued to produce the majority of revenues in 2024, contributing US$50.32 billion, or 70% of the total, online gaming increased its share to 30%. In 2023, that revenue share was below 25%.
Land-based casino revenues rose by just 0.6% compared to 2023.
According to the American Gaming Association, online gaming generates the most revenue in 13 US states, including New Jersey, Pennsylvania, and Michigan.
Meanwhile, igaming revenue reached US$8.42 billion, a 28.7% year-on-year increase, and saw all six US states that had legal online casinos in 2023, reach record highs in 2024.
Rhode Island launched online casinos in March 2024, hitting its record for igaming revenue in December 2024.
The report also showed igaming revenue increased in Q4 2024 compared to Q4 2023, jumping 33.1% to US$2.38 billion.
American Gaming Association President and Chief Executive Officer Bill Miller said, “In 2024, Americans embraced the diverse legal gaming options available to them – whether in casinos, at sportsbooks, or online – leading to another record-setting year for our industry. As we build on this success, the AGA remains committed to fostering additional growth that benefits consumers, operators, and communities alike.”
Sports bettors wagered US$147.91 million in 2024, an increase of 23.6% on the year prior, with 95% of that figure spent at online sportsbooks.
Nationwide sportsbooks collected US$13.71 billion in revenue, a 25.4% increase compared to 2023. Online platforms generated the majority of this figure.
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