Commercial Gaming Revenue Tracker
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.
Total commercial gaming industry revenue expanded by 4.2 percent in February compared to the previous year, with combined revenue from traditional casino games, sports betting and iGaming reaching $5.86 billion. Despite having one fewer day than last year, this February set a new revenue record for the month.
Sports betting and iGaming continued their strong growth in January, while brick-and-mortar gaming softened.
In total, 24 of 36 commercial gaming jurisdictions that were operational a year ago and had published complete February data at the time of writing posted overall gaming revenue growth.
Land-based gaming revenue contracted in February, driven by contracting slot and table gaming performance but tempered somewhat by strong year-over-year retail sports betting performance. Combined revenue from casino slots, table games and retail sports betting reached $3.99 billion, a 4.1 percent decrease from the previous year.
Growth in online gaming —encompassing online sports betting and iGaming—accelerated in February, increasing 26.0 percent over the prior year.
In February, traditional table games and slots generated $3.89 billion in total revenue, a year-over-year decrease of 5.8 percent. Slot machines produced $2.79 billion in revenue, while table game revenue contributed another $796.5 million, each down 4.3 and 13 percent, respectively, from the same time last year.
Note that the individual slot and table game figures do not include data from Louisiana and Michigan due to state reporting that does not separately break out those verticals, but their combined figures are included in the nationwide total.
At the state level, traditional gaming revenue softness was widespread, with just five out of the 27 states offering traditional casino slot machines and/or table games posted gains compared to February 2024.
Through February, year-to-date revenue from casino slot machines and table games grew over the same period in 2024 by 1.1 percent to $7.96 billion.
In February, commercial sports books generated $1.18 billion in revenue, up 39.8 percent across the 32 jurisdictions that had released revenue data. Arizona sports betting data was unavailable at publishing.
For the month, Americans wagered $11.83 billion on sports, up 10.6 percent year-over-year.
Year-to-date commercial sports betting revenue was $2.83 billion, 23.2 percent higher than the same period last year. The national hold rate was 10.0 percent, over two points higher than February 2024.
iGaming revenue reached a new high in February as combined operations in Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island and West Virginia generated $788.5 million in revenue, up 21.5 percent year-over-year. All six existing iGaming markets saw gains compared to the previous year, with Rhode Island hitting a monthly revenue record for the state as it continues its first full year in the iGaming marketplace.
Year-to-date iGaming revenue stands at $1.62 billion, 27.9 percent higher than the same period in 2024.
About the Report
AGA’s Commercial Gaming Revenue Tracker provides state-by-state and nationwide insights 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.