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    AGA Commercial Gaming Revenue Tracker

    Keep up to date on the latest commercial gaming revenue numbers.
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    AGA Commercial Gaming Revenue Tracker

    January 16, 2024

    AGA’s Commercial Gaming Revenue Tracker provides state-by-state and cumulative insight into the U.S. commercial gaming industry’s financial performance based on state revenue reports.

    The American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker features state-by-state and nationwide financial performance data with breakdowns for individual gaming verticals.  

    U.S. commercial gaming revenue reached a new all-time high in November, growing 21.3 percent compared to the same month in 2023, the largest expansion since January 2023. According to data from state regulators compiled by the American Gaming Association (AGA), industry win from traditional casino games, sports betting and iGaming reached $6.65 billion with strong growth across verticals and new all-time monthly revenue records set for iGaming and sports betting. 

    Through the first eleven months of 2024, commercial gaming revenue stands at $65.83 billion, 8.6 percent higher than the same period last year. 

    Nationwide, the legal casino gaming, sports betting and iGaming verticals generated $1.43 billion in state gaming tax revenue in November. Over the first eleven months of the year, regulated gaming operators have paid $14.15 billion in gaming taxes alone. 

    Of the 35 commercial gaming jurisdictions that were operational a year ago and had published complete November data, all but two reported an increase in combined revenue from traditional casino games, sports betting and iGaming.   

    Land-based gaming, including combined revenue from casino slots, table games and retail sports betting increased by 4.7 percent year-over-year to $4.24 billion in November.  

    At the same time, online gaming continued its expansion with combined revenue from online sports betting and iGaming increasing 63.0 percent year-over-year to $2.39 billion. In November, online gaming accounted for 35.9% of total commercial gaming revenue compared to 25.9% in November of 2023. 

    Traditional casino slot machines and table games continue to comprise the bulk of revenue for the U.S. commercial gaming industry. In November, these segments collectively generated $4.16 billion in total revenue, a 3.9 percent expansion over last November. Slot machines generated $2.93 billion, up 3.2%, while table game revenue contracted by 2.1 percent, to $891.7 million. 

    These individual slot and table game figures exclude data from Louisiana and Michigan due to different state reporting methods, but their combined totals are included in the nationwide traditional gaming total.  

    Traditional gaming revenue continued to rebound after softness earlier in the fall. Of the states with traditional gaming, 22 of the 27 states reporting expanded brick-and-mortar revenue compared to November 2023. 

    Through the end of November, year-to-date revenue from casino slot machines and table games totaled $45.38 billion, 80 basis points ahead of the same period in 2023. Notably, Nebraska is still benefiting from the mid-August reopening of WarHorse Casino, and Illinois saw gains from the opening of Wind Creek Chicago Southland Casino in early November. Additionally, Detroit casinos enjoyed 40% year-over-year growth and the highest November revenue since 2019. 

    In November, land-based and online sportsbooks generated a combined $1.67 billion in commercial revenue across 33 jurisdictions, excluding Arizona, which had not reported data at the time of publication. This month represents an 89.3 percent increase from November 2023, when commercial sports betting was active in 32 jurisdictions. Excluding new markets, sports betting revenue increased 26.8 percent year over year through the first 11 months.  

    Since last November, two new states have launched commercial sports betting: North Carolina and Vermont, helping to drive nationwide commercial sports betting handle of $15.32 billion, up 5.9% from the previous year. Excluding new markets, November handle was up about 6.5%.  

    November sports betting revenue benefited from a much higher hold percentage (10.9%) compared to last year (6.4%).  

    November sports betting revenue in Connecticut grew 142.0 percent in part due to the opening of Fanatics Sportsbook, the 11th in the state. Overall, 14 states saw sports betting revenue more than double from last November, driven by higher holder percentages and expanded operator offerings. 

    Year-to-date, commercial sports betting revenue reached $12.78 billion through November, exceeding the same period last year by 32.1 percent. 

    iGaming continued its strong growth in November as revenue expanded 38.5 percent year-over-year to $818.8 million across seven active states.  

    Revenue increased in all six states where iGaming was active in November 2023. Notably, Delaware iGaming revenue increased 455.12 percent in November, continuing to benefit from the recent shift in the state’s iGaming partner. West Virginia experienced strong growth increasing 121.7 percent over the same time last year, while Michigan posted its third consecutive month of record- setting revenue due to the recent licensing of Fanatics Casino.  

    Year-to-date through November, iGaming revenue reached $7.61 billion, a 29.0 percent increase compared to the same month last year.

    About the Report 
    AGA’s Commercial Gaming Revenue Tracker provides state-by-state and nationwide insight into the U.S. commercial gaming industry’s financial performance. Monthly updates on AmericanGaming.org feature topline figures based on state revenue reports while quarterly reports provide a more detailed analysis covering the three previous months.