According to the American Gaming Association’s (AGA) most recent August gaming income report, there was an 8.7% rise in revenue from the previous year. This represents the gaming industry’s 42nd consecutive month of revenue gain, demonstrating its ongoing growth.
Record-Breaking Revenue in August
The AGA reports that August’s $5.65 billion in total gaming revenue set a new monthly high. With $4.18 billion in revenue, traditional casinos made the biggest contribution. In the meantime, sports betting almost hit $800 million, and iGaming earned $700 million.
Additionally, year-to-date numbers demonstrated remarkable growth. Thus far in 2024, the gaming business has generated $46.93 billion in revenue, which represents a 7.5% rise over the first eight months of 2023.
Growth Across Most U.S. Jurisdictions
In its statement, the AGA highlighted that 32 out of 34 commercial gaming jurisdictions reported growth in combined revenue from casino games, iGaming, and sports betting. Only Nevada and South Dakota saw contractions, with decreases of 3.8% and 4.2%, respectively. The AGA emphasized that regulated gaming generated $1.21 billion in tax revenue in August alone, with operators contributing $10.14 billion in taxes so far this year.
The AGA also projected that American adults will place $35 billion in legal bets with sportsbooks during this football season. This estimate exceeds the $26.7 billion wagered during the NFL season in 2023, based on previous research conducted by the AGA.
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