After a document second quarter for the U.S. industrial gaming trade, the third quarter continued the development with income reaching a complete of $17.71 billion. That was the trade’s highest-grossing third quarter on document, in line with the American Gaming Affiliation’s (AGA).
This achievement marked the trade’s fifteenth consecutive quarter of annual income progress, with September marking the forty third straight month of rising year-over-year income. Sports activities wagering and iGaming stay main contributors to that progress, with on-line gaming income in New Jersey even topping reside on line casino income for the primary time in October.
“Q3 2024 continued gaming’s momentum from the primary half of the 12 months, with on-line on line casino and sports activities betting driving robust progress,” AGA Vice President of Analysis David Forman mentioned. “On the identical time, new brick-and-mortar on line casino openings bolstered conventional gaming, which nonetheless accounts for the majority of trade income. Greater than 1 / 4 of economic income now usually comes from on-line sources, elevating the significance of continued sustainable progress with customers in these states.”
Inside The Numbers
By way of the primary 9 months of the 12 months, industrial gaming income stands at $53.24 billion, an 8% improve from 2023 and setting the trade on monitor for a fourth straight document income 12 months.
Within the third quarter, 29 of the 35 operational industrial gaming jurisdictions elevated year-over-year income. This resulted in an 8.9% leap in state and native taxes tied on to gaming income, with operators contributing $3.79 billion in taxes throughout the quarter.
Quarterly income from land-based gaming reached $12.56 billion, 0.62% decrease than the identical quarter final 12 months. Mixed income from on-line sports activities betting and iGaming totaled $5.14 billion as on-line gaming made up 29% of general gaming income, considerably greater than within the third quarter of 2023. Right here’s a breakdown of third-quarter gaming.
Conventional gaming – Brick-and-mortar on line casino gaming generated quarterly income of $12.38 billion, a year-over-year contraction of 0.9%.
Authorized sports activities betting – Individuals wagered $30.3 billion on sports activities, producing $3.24 billion in quarterly income, up 42.4%. Latest market launches in Kentucky, Maine, North Carolina, and Vermont contributed to this progress.
iGaming – On-line gaming generated $2.08 billion, marking a 30.3% year-over-year improve.
The AGA’s Business Gaming Income Tracker supplies state-by-state and cumulative perception into the industrial gaming trade’s monetary efficiency primarily based on state income studies. The tracker displays 37 states and the District of Columbia, which all function operational industrial gaming markets. Tribal casinos aren’t included within the information.
