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Commercial Gaming Industry Extends Quarterly Growth Streak in Q2 2024

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Industry-wide revenue reached $17.63 billion for the highest-grossing Q2 performance on record, contributing more than $3.7 billion in tax revenue.

Industry-wide revenue reached $17.63 billion for the highest-grossing Q2 performance on record, contributing more than $3.7 billion in gaming tax revenue.This action generated $3.16 billion in quarterly revenue representing 35.3% year-over-year growth for the sector, spurred by new market launches in the Kentucky, Maine, Vermont and North Carolina sports betting markets.

Through the first six months of 2024, the legal sports betting industry has hauled in $6.67 billion in gross gaming revenue, which is 28.7% better than the same period last year. Overall commercial gaming revenue reached $17.63 billion in Q2, and 24 jurisdictions - or nearly 75% of active commercial gaming states - saw year-over-year revenue growth as well.

“Across the country, land-based gaming markets are seeing mixed year-over-year comparisons due to slower consumer spending economy-wide, which may continue to be a factor through the remainder of 2024.” when Rhode Island welcomed the nation’s seventh-regulated real money online casino market. Q2’s revenue stayed on par with Q1’s, finishing at $1.97 billion which reflects a 25.2% year-over-year growth rate. After Q2, iGaming operators have grossed $3.95 billion in total revenue, good for a 25.

 

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