US Breaks Previous Gaming Revenue Record Anew
Let's Dish on the U.S. Gambling Market: AGA Reveals Astonishing Figures
The American Gaming Association (AGA) has dropped some intriguing estimates about the gambling industry in the States. But here's the kicker - these figures ain't set in stone yet. If they get their paws on tribe gaming data, they predict the grand total could balloon up to an eye-popping $115 billion. We'll have to wait for the National Indian Gaming Commission's report to get a more precise figure.
Now, you might be thinking, "What happens in Vegas stays in Vegas." But not in this case, mate. Online gamblin' showed the most impressive growth, clocking in at a staggering 28.7% compared to 2023. Overall, the online sectors saw a whopping 24.6% expansion. However, Bill Miller, AGA's CEO, warned that online casinos could be gobbled up by their land-based counterparts.
The betting revenues surged by 25.4% compared to 2023, with an overwhelming 95% of bets being placed online.
But wait, there's more. While the AGA initially projected the total value of the U.S. commercial gaming industry in 2024 to be around $67 billion, a closer look reveals a different picture. When you factor in tribal gaming revenue, which, let's face it, is a significant chunk, the overall commercial gaming revenue reached an astounding $71.92 billion in 2024[2][4].
So, there you have it, folks. If you're an investor or a gambling aficionado, keep your eyes peeled for this sector. The U.S. gaming industry, including tribal gaming data, is projected to rake in about $71.92 billion in 2024, according to the American Gaming Association. That's one heck of a pot to fish in!
The American Gaming Association (AGA) has estimated that the U.S. gambling industry could reach an impressive $115 billion, if they have access to tribe gaming data. Online gambling showed the most impressive growth in 2024, increasing by a staggering 28.7%. However, Bill Miller, AGA's CEO, has warned that online casinos could potentially be overtaken by their land-based counterparts. If you include tribal gaming revenue, the overall commercial gaming revenue reached an astounding $71.92 billion in 2024, according to the American Gaming Association.
