AGA or the American Gaming Association revealed previously that its first-quarter revenue for 2024 was $17.67 billion as they utilize data from its Commercial Gaming Revenue Tracker.
In the industry’s history, this is the second-highest quarterly revenue. As the amount surpassed the previous high of $17.64 billion. It was established in the third quarter of 2023 and marks a 5.6% rise from the first quarter in 2023.
Bill Miller, AGA President and Chief Executive Officers commented that while gaming’s momentum remains strong, 2024 will be the new baseline for future growth after several years of sports betting legalization and post-pandemic consumer shifts. Gaming’s continued growth relies on maintaining their commitment to innovation and responsibility.
On the other hand, another milestone remains. This is the thirteenth consecutive quarter of growth of the industry. 11 state gaming markets throughout the nation, including the biggest commercial gaming markets in the nation also achieved new quarterly revenue records. This includes New York and Pennsylvania.
Below are the highlights of the first quarter of 2024 Revenue for the United States Gaming Industry:
The Q1 revenue for 2024 reached $17.67 billion. This is the second highest quarterly revenue in the history of the industry.
11 gaming markets set new quarterly revenue records. This includes Pennsylvania and New York.
Retail gaming accounted for 70.7% of total revenue. Meanwhile, online gaming reached its largest share ever at 29.3%.
iGaming revenue reached an all-time high of $1.98 billion. This is a 26.1% increase year-over-year.
New market launches in Vermont, North Carolina, Maine, Rhode Island, and Kentucky.
An annual increase was seen in both retail and online gaming in the first quarter of 2024. However, there were slower rates in the prior quarters. On the other hand, online gaming had the largest share ever. At 29.3% of total income, retail gaming accounted for 70.7% of the total.
