The American Gaming Affiliation (AGA) launched the commerce group’s 2024 Business Gaming Income Tracker this week, which provided some perception not simply on general U.S. industrial gaming income but additionally an in-depth take a look at on line casino markets across the nation, in addition to sports activities betting.
Regardless of the general development seen within the report, uneven regional efficiency noticed simply six of the highest 20 industrial on line casino gaming markets develop in dimension. Merely put, gamblers are beginning to keep dwelling extra typically, slightly than journey.
The Las Vegas Strip stays the highest market within the nation regardless of a 4.4% contraction whereas downtown Las Vegas and Reno/Sparks confirmed positive aspects. Atlantic Metropolis remained the nation’s second-ranked market, regardless of contracting 1.7%.
AGA President and CEO Invoice Miller mentioned though there was declines in sure markets, the business continues to be on a constructive footing and has some momentum.
“Trying again at 2024 and forward to 2205, we’ve each motive to be assured about gaming’s continued success and our constructive impression,” he mentioned.
A Look At Different Markets
Boosted by new property openings, the Chicagoland space retained its place because the third-largest market with the Baltimore-Washington, D.C. space in fourth. Detroit bounced again from labor disputes in 2023 for that market’s highest yearly income complete since 2019.
On the particular person property degree, 12 of the highest 20 highest-grossing industrial casinos outdoors of Colorado, Nevada, and Mississippi noticed an uptick in mixed land-based gaming income in comparison with 2023.
Resorts World New York Metropolis remained the best grossing industrial property outdoors Nevada for the second 12 months in a row. MGM Nationwide Harbor (Maryland) and Encore Boston Harbor (Massachusetts) spherical out the highest three, unchanged from 2023.
Outdoors these, Rivers On line casino Portsmouth (Virginia) grew to become one of many highest grossing properties within the nation in simply the second 12 months of operations.
Among the many 36 industrial gaming jurisdictions operational in 2023, 28 noticed mixed income development from land-based on line casino video games, sports activities betting, and on-line casinos – with all posting new annual information.
A number of sports activities betting-only markets noticed declines, together with Montana (-16%), New Mexico (-3.5%), Ohio (-0.9%), New Hampshire (-1.5%), Mississippi (-2%), Missouri (-1.7%), Iowa (-1.7%), and Florida (0.5%).
On the state degree, 14 of the 27 states providing conventional on line casino gaming noticed an uptick in mixed income from slots and desk video games in comparison with 2023. A couple of notable markets noticed main surges in conventional gaming, together with Nebraska (60.1%), Virginia (32%), and Illinois (11%), all pushed by new property openings.
Sports activities Betting Income Nears $14 Billion
Together with particular person gaming markets, the report additionally checked out how a few of these fared within the sports activities betting enviornment. People legally wagered $147.91 billion on sports activities in 2024 (a lot of it on parlays), up 23.6% from 2023. Greater than 95% of that was on-line. The elevated deal with drove nationwide sports activities betting income to $13.71 billion in 2024, 25.4% larger than the earlier 12 months.
Sports activities betting income was helped by a barely larger maintain proportion at 9.3% in 2024, in comparison with 9.1% in 2023.
By the shut of 2024, sports activities betting was authorized in 38 states and Washington D.C., together with 34 industrial jurisdictions the place public knowledge is offered. Missouri legalized sports activities betting on the finish of 2024, however hasn’t but launched, and Texas, Mississippi, and Oklahoma could quickly observe.
New York stays the nation’s prime sports activities betting market with $2.1 billion in income for 2024, up 23%. Illinois handed New Jersey to turn into the second-largest sports activities betting market after seeing 21.1% development in 2024 to $1.2 billion.
New Jersey stays in third with $1.1 billion, seeing a year-over-year enhance of 14.2%. Massachusetts was additionally notable, transferring up two spots to seventh place with income rising 38.8% over 2023. Ohio completed fourth, however was the one area within the prime 10 sports activities betting markets seeing a income decline, falling 3.9%.
North Carolina and Vermont have been new sports activities betting markets in 2024 and mixed for $605.6 million in income. Regardless of not launching till March, North Carolina is now among the many nation’s prime 10 states by income in ninth with $583.6 million.
