AGA and NASCAR to promote responsible sports betting
The American Gaming Association (AGA) and the National Association for Stock Car Auto Racing (NASCAR) have strengthened their partnership to promote responsible sports...
AGA reports record U.S. gaming revenues for Q3
The American Gaming Association, AGA, founded to promote, educate, and lobby on behalf of the gambling industry, reported a record $17.71 billion in commercial gaming revenue in the U.S. for Q3 2024.
This is the highest Q3 number for the USA. For the first nine months of 2024, commercial gaming revenue reached $53.24 billion, which is an increase of 8% when compared to the same period in 2023. Moreover, out of 35 commercial gaming jurisdictions, 29 reported year-over-year revenue growth in Q3. These numbers boost local tax contributions tied to gaming revenue by 8.9%, with operators paying $3.79 billion in taxes for the quarter.
AGA Vice President of Research, David Forman, said:
“Q3 2024 continued gaming’s momentum from the first half of the year, with online casino and sports betting driving strong growth. At the same time, new brick-and-mortar casino openings bolstered traditional gaming, which still accounts for the bulk of industry revenue. More than a quarter of commercial revenue now regularly comes from online sources, raising the importance of continued sustainable growth with consumers in those states.”
Land-based gambling in the U.S.
Traditional land-based gaming, which includes casino slots, table games, and retail sports betting, generated $12.56 billion, which is a decline of 0.62% compared to Q3 2023.
iGaming practices in the U.S.
Meanwhile, online gaming, including sports betting and iGaming generated $5.14 billion, making up 29% of total commercial gaming revenue, a significant increase from the previous year.
Legal sports betting in the U.S.
Legal sports betting saw an increase of 42.4%, with Americans wagering $30.3 billion and generating $3.24 billion in revenue, driven by new market launches in states like Kentucky, Maine, North Carolina, and Vermont.
AGA, ECA, and BGC unite to combat gambling challenges
The American Gaming Association (AGA), European Casino Association (ECA), and the Betting & Gaming Council (BGC) have joined forces to combat gambling challenges.This...
