US Casino Q2 Revenue Reaches $19.44bn Amid Further Growth
The US posted its 18th consecutive quarter of gross gambling yield growth in Q2, with gains in virtually all reporting states and across all gambling verticals.
This comes despite news that Las Vegas has been struggling to attract visitors, while iGaming’s progress has seemingly stalled in a lot of states.
Further gains can be expected as other states join the seven where online casinos are regulated, and if other states follow New York’s lead in granting further casino license applications.
Online Casinos Make Big Move
The second quarter, from the beginning of April to the end of June, saw national Gross Gambling Revenue (GGR) top $19.44billion, according to the most recent American Gaming Association report. This represents a 9.8% annual increase.
The figure does not include tribal casinos, lotteries or sweepstakes platforms. Sweepstakes casinos are finding it increasingly difficult to operate in a lot of states, with states like New Jersey recently imposing bans. Other states look poised to follow their lead.
The figures do include physical retail casinos as well as online and incorporate sports betting revenue.
Retail revenue accounted for $12.82bn of the total, which means it still holds a substantial market share with almost two-thirds of all revenue generated. Retail revenue was up 2.8% for the quarter. Slot machines alone took $9.37bn, up 3.6% from 2024.
Sportsbooks posted 20.6% gains and enjoyed their best second quarter ever.
However, it was online casinos that saw the most significant increase. Revenue of $2.6bn represents less than 15% of the market, but iGaming posted a 32.3% increase compared to a year earlier.
iGaming revenue is now almost on par with that of brick-and-mortar casinos in Pennsylvania.
In June, online casinos generated more revenue than their physical counterparts in New Jersey.
Pennsylvania Revenue Continues To Grow
By state, North Carolina was the only one of 38 regulated states to report a downturn.
Nevada only reported marginal gains of 0.3%, but remains the biggest gambling state by some margin. Its $3.85bn is more than double that of the second largest gambling state, Pennsylvania ($1.91bn).
However, Pennsylvania saw growth of 16.1% in the quarter and has continued to show gains. New Jersey, the third largest state by gambling revenue, also posted substantial growth, adding 14.6% to its figures to reach $1.73bn.
Solid growth in Q2 is mirrored in year-to-date performance. During the first six months of the year, there has been a total GGR of $38.43bn – up 8% compared to 2024. Again, it was iGaming that saw the highest gains, up 29.7% to $5.13bn.
The quarter saw $4.59bn in taxes paid to state and local governments, which is 18.8% higher than 12 months earlier.
iGaming is currently legal in seven states – Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island and West Virginia.
Several states, notably including New York and Illinois, could be among the next states to regulate iGaming, causing further shifts in the gambling market.
Furthermore, New York is in the process of deciding on the granting of three new licenses to super casinos within its borders, indicating that increases are likely to continue in the coming quarters.
