Commercial gaming revenue topped $5.61 billion in February, with year-over-year increases across every vertical.
The American Gaming Association (AGA) reported the industry’s 36th straight month of annual growth and a new record has been set for revenue generated by traditional casino games, sports betting, and iGaming in the month of February.
?? NEW: Commercial gaming revenue reached $5.61B in February, marking a new record for the month and the industry’s 36th straight month of annual growth.
— American Gaming Association (@AmericanGaming) April 11, 2024
Revenue was up YoY across every vertical. Read AGA’s full Commercial Gaming Revenue Tracker ?? https://t.co/EvEEoLTGQR pic.twitter.com/S5ltgjc9Ll
Revenue spiked 9% year-over-year compared to February 2023. Commercial gaming revenue now totals $11.46 billion through the first two months of 2024 which is 6.8% ahead of last year’s record pace which resulted in $66.5 billion total revenue for 2023.
Impressively, 28 of 34 commercial gaming jurisdictions that were reporting data last February enjoyed a boost in combined revenue across all verticals year-over-year.
Growth across all verticals
The traditional casino slot machine and table game segments remained the dominant revenue drivers for the commercial gaming industry, registering a combined $4.13 billion in February. This represents a 4% increase year-over-year, which earmarks a slightly slower growth trajectory than the industry’s digital offerings.
Gross gaming revenue from slot machines came in at $2.91 billion for the month, a 1.8% year-over-year improvement, while table games saw a more sizable 12.8% increase with $916.2 million in revenue.
Commercial sportsbooks generated $827 million in revenue across 31 jurisdictions that had already published their February data when the AGA created its report. That’s a 22.3% jump from February 2023. Americans wagered $10.49 billion on sports for the month, an increase of nearly 25% year-over-year.
Legal sports betting operators have produced $2.31 billion in revenue so far in 2024, exceeding the same period in 2023 by 32.1%.
The U.S. iGaming sector marked a new single-month revenue record as the six active legal markets generated nearly 31% more revenue compared to February 2023, totaling $648 million. Year-to-date revenue for this vertical climbed 25.7% year-over-year at $1.26 billion as well.
The only vertical not to clock in a YTD improvement was in slot machines, where the $5.63 billion revenue for the first two months of 2024 declined 1.5% from the same period in 2023.
