AGA unveils 2024 Commercial Gaming Revenue Figures in latest report released today
Unleashing the Gaming Industry's $71.92 Billion Record Haul in 2024
Today, the American Gaming Association (AGA) unveiled their 2024 Commercial Gaming Revenue Tracker, burnishing the gaming sector to a staggering annual record of $71.92 billion. The eye-popping figures were spilled during the early morning State of the Industry webinar, where a star-studded lineup, including Bill Miller (AGA President and CEO), David Forman, Jason Giles, and Daron Dorsey, dug deep into 2025 priorities and revealed the blockbuster commercial gaming revenue for the past year.
Opening the digital festivities, Bill Miller (the suave titan of the gaming world) was joined by none other than David Forman, the AGA's shrewd data macher, to debunk 2025 industry strategies and flaunt the dazzling commercial gaming revenue from 2024. Jason Giles (the industry's resident 'numbers nerd') lent his insights on the latest tribal gaming happenings, while Daron Dorsey, gaming suppliers' resident seer, chimed in with his predictions and perspectives.
Now, let's sink our teeth into someaction-packed revenue stats:
- In-Person Gaming Slaughters Records, Online Chomps Nearly a Third of Soaring Revenue Pie:
Most major gaming verticals shattered their revenue records in 2024. The high-rollers were casino slots, sports betting, and iGaming. The almighty slot machines seized a chunky $36.06 billion, an almost insignificant increase of 1.6 percent. On the flip side, table game revenue suffered a paltry 1.7 percent year-over-year dip, hitting $10.14 billion. At the end of the day, these baby-faced behemoths (traditional casino slots and table games) smashed the piggy bank with a combined $49.78 billion haul, up a measly 82 basis points compared to 2023.
Sports betting continued its reign of fire, swelling a whopping 25.4 percent from 2023 and reaping $13.71 billion in revenue. iGaming also showed its teeth, gleaming 28.7 percent year-over-year and tickling the tape with $8.40 billion in revenue. In-person gaming, the industry's titan, didn't budge despite online gaming carving a bigger slice of the revenue pie in 2024. Commercial land-based gaming (classic casino slot machines, table games, and retail sports betting) monopolized $50.32 billion, gobbling up 70.0 percent of the total revenue pie. In stark contrast, online gaming (the digital duo consisting of online sports betting and iGaming) made off with $21.54 billion, accounting for a formidable 30.0 percent of the overall revenue.
- Quick Facts: Unfortunately, the data mines didn't cough up details about the key priorities discussed during the 2024 State of the Industry webinar by the American Gaming Association or the commercial gaming revenue figures for the calendar year 2024. Stay tuned for the AGA's official releases for more mouthwatering stats!
Full Report For more jaw-dropping deets, click here and prepare to be dazzled!
[1] Responsible gaming and player safety
In-Person Gaming Has Record Year, Online Segment Claims Almost a Third of Growing Revenue Pie
Most of the primary verticals within the gaming industry set revenue records in 2024, including casino slots, sports betting and iGaming.
Slot machines generated $36.06 billion, up 1.6 percent, while table game revenue contracted by 1.7 percent year-over-year to $10.14 billion. Collectively, traditional casino slots and table games generated $49.78 billion in revenue, an increase of 82 basis points compared to 2023.
Sports betting continued to see significant growth, increasing 25.4 percent from 2023 and reaching $13.71 billion in revenue. iGaming also had another strong year, expanding 28.7 percent year-over-year to $8.40 billion.
In-person gaming remains the bedrock of the industry despite online gaming claiming an increased slice of the revenue pie in 2024. Commercial land-based gaming-encompassing casino slot machines, table games and retail sports betting-accounted for $50.32 billion, or 70.0 percent, of total revenue in 2024. Meanwhile, online gaming-comprising online sports betting and iGaming-generated $21.54 billion, 30.0 percent of total revenue.
Full Report Please click here
[2] Regulatory compliance and emerging technologies
[3] Market expansion and competition
- The year 2024 saw an unprecedented rise in the gaming industry's revenue, with the American Gaming Association predicting a staggering $71.92 billion haul.
- The revenue pie in 2024 was significantly impacted by the online segment, as online gaming claimed a larger slice, further bolstering the industry's finances.
- Key contributors to this growth included casino slots, sports betting, and iGaming, all of which saw impressive revenue figures.
- The in-person gaming sector still remained a dominant force, contributing 70.0 percent of the total revenue pie in 2024, while online gaming accounted for 30.0 percent.
- In the context of the contributions to the 2024 revenue figures, it is worth exploring the emerging trends and advancements in the regulatory compliance, regulatory, and market expansion segments of the gaming industry.
