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Strong Start

Commercial casinos are off to a strong start in 2024

Strong Start

Coming off its third straight year of record revenue, the commercial gaming industry is off to a strong, if more uneven start to 2024. The American Gaming Association’s Commercial Gaming Revenue Tracker provides a running snapshot of the industry’s performance. Let’s take a look at the latest numbers through February.

Strong Start to 2024

With two complete months of reporting down, commercial gaming revenue stands at $11.46 billion, up 6.8 percent year-over-year, with February marking 36 straight months of year-over-year commercial gaming revenue growth.

In February, 28 of 34 commercial gaming jurisdictions that were operational a year ago and had published full February data saw combined revenue from traditional casino games, sports betting and iGaming increase from the prior year.

GGR per gaming vertical, annual change

Land-Based Revenue Rebounds in February After Snowed-In January

After difficult annual comparisons and harsh winter weather conditions in many parts of the country drove a 5.9 percent decrease in land-based gaming revenue in January, revenue from land-based operators rebounded in February, led by strong table game win. Slot machines produced $2.91 billion in revenue, up 1.8 percent year-over-year, while table game revenue jumped 12.8 percent year-over-year to $916.2 million.

Combined revenue from casino slots, table games and retail sports betting in February reached $4.16 billion, a 3.7 percent increase from the previous year. At the state level, 20 out of the 27 states offering traditional casino slot machines and/or table games posted gains over February 2023, with a median increase of 1.8 percent.

US Commercial Gaming Monthly Revenue by Channel

Online Gaming Growth Continues, but Slows Post-Super Bowl

The momentum in online sports betting and iGaming revenue decelerated from 34.6 percent in January to 27.5 percent in February, largely due to a slower pace of sports betting revenue growth between January (+39.2 percent YoY) and February (+22.3 percent YoY).

In January, the U.S. iGaming sector marked a new single-month revenue record, generating $648 million, up 30.9 percent year-over-year. All six iGaming markets saw gains compared to 2023, with Delaware ($3.9 million), Michigan ($188 million) and Pennsylvania ($215.3 million) reporting monthly revenue records. Year-to-date iGaming revenue stands at $1.26 billion, an increase of 25.7 percent compared to the same period in 2023.

Sports Betting Revenue by State

iGaming Revenue by State

Revenue trends are a valuable tool to measure current industry performance, but our forthcoming Spring Gaming Industry Outlook will feature AGA member CEOs’ perspectives on the business climate over the next six months. That research can be found on americangaming.org this month.

AGA Gaming Hall of Fame

 

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