{"id":7724,"date":"2024-08-16T04:54:25","date_gmt":"2024-08-16T04:54:25","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/08\/16\/aga-reports-record-breaking-q2-for-us-commercial-gaming\/"},"modified":"2024-08-16T04:54:25","modified_gmt":"2024-08-16T04:54:25","slug":"aga-reports-record-breaking-q2-for-us-commercial-gaming","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/08\/16\/aga-reports-record-breaking-q2-for-us-commercial-gaming\/","title":{"rendered":"AGA Reports Record-Breaking Q2 for US Commercial Gaming"},"content":{"rendered":"
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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\u2019s strong performance is indicated by this data, which shows an 8.9% growth from the previous year.<\/p>\n

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.<\/p>\n

Diverse Gaming Sectors Show Growth<\/strong><\/h2>\n

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<\/a> 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.<\/p>\n

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.<\/p>\n

David Forman, AGA\u2019s VP of Research, commented on the industry\u2019s performance: \u201cWhile 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.\u201d<\/em> 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.<\/p>\n

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