The US commercial gaming business is still strong, as evidenced by the fantastic Q2 numbers for 2024 released by the American Gaming Association (AGA). The industry brought in $17.63 billion, the greatest Q2 revenue ever recorded and the result of 14 straight quarters of increase. The industry’s strong performance is indicated by this data, which shows an 8.9% growth from the previous year.
Data from 33 jurisdictions are included in the report; of them, 24 show higher revenue than the same period the previous year. The District of Columbia saw the biggest rise, rising by an astounding 178.7%. On the other hand, Oklahoma experienced a loss of 8.2%, mostly as a result of Will Rogers Downs closing in June.
Diverse Gaming Sectors Show Growth
Though the quarter began slowly, conventional gaming saw a slight 1.8% growth to total $12.49 billion among the various gaming verticals. iGaming witnessed a notable increase of 25.2%, arriving at $1.97 billion. But with a 35.3% increase to $3.16 billion, sports betting turned out to be the best performer. The opening of new markets in Vermont, Maine, North Carolina, and Kentucky was the main cause of this increase.
Land-based gambling accounted for 71.4% of total revenue, making it the dominant source of revenue distribution overall. The remaining 28.6% came from online gaming, showing how important digital platforms are becoming to the gaming industry.
David Forman, AGA’s VP of Research, commented on the industry’s performance: “While sports betting and iGaming continued to drive overall industry revenue growth in the second quarter, new brick-and-mortar property openings in Illinois, Nebraska, and Virginia also led to rising traditional commercial gaming revenue.” He also noted that land-based gaming markets are seeing varied year-over-year comparisons due to slower consumer spending, a trend that may persist throughout 2024.
The post AGA Reports Record-Breaking Q2 for US Commercial Gaming appeared first on iGaming.org.