Nearly $2 Billion in U.S. iGaming Revenue For Q2 2024
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U.S. iGaming generated $1.97 billion in revenue across seven states, up slightly more than 25% over the second quarter of 2023, according to a report from the American Gaming Association.
While iGaming increased year-over-year from Q2 2023 to Q2 2024, it did decrease slightly from Q1 2024 to Q2 2024, less than 1%. This is the second year in a row that iGaming revenues decreased between the first and second quarters for online casino.
Seven states currently have legal iGaming.
Billions in iGaming Revenue This Year
American Gaming Association’s Commercial Gaming Revenue Tracker provides state-by-state and nationwide insight into the U.S. commercial gaming industry’s financial performance.
American Gaming Association released its Q2 revenue report for both iGaming and sports betting this week. Year to date, casino, sports betting, and iGaming gross gaming revenues have totaled $35.48 billion across the country, a 7.7% increase from January through June 2023.
In that span, iGaming has totaled $3.95 billion in gross gaming revenue, up 25.6% from January through June 2023.
In Q2 2024, the AGA reported iGaming totaled $1.97 billion in gross gaming revenue, an increase of 25.2% compared with Q2 gross gaming revenue figures.
Delaware iGaming has experienced the most growth year-over-year, which can be attributed to state’s new iGaming partner Rush Street Interactive. Delaware experienced a 264% growth in its iGaming market year-over-year.
Compared to the first quarter of the year iGaming revenue expanded in Rhode Island, Delaware, West Virginia and New Jersey while contracting in Connecticut, Michigan and Pennsylvania, according to the AGA. Overall, each of the six iGaming states with 2023 comparisons (Delaware, West Virginia, New Jersey, Connecticut, Michigan, Pennsylvania) grew year-over-year in the second quarter.
Sports Betting Expands in Q2 2024
Sports betting Q2 revenue grew 35.3% to $3.16 billion, a new record for second-quarter revenue, according to the AGA. The numbers were bolstered by new sports betting market launches in Kentucky, Maine, North Carolina, and Vermont since last spring, which saw a sports betting handle total of $31.75 billion in the second quarter, nearly a 33% increase compared with the previous year.
Sports betting and iGaming combined for $5.04 billion in gross gaming revenue in Q2, as online gaming made up 28.6% of commercial gaming revenue. This figure is down slightly from each of the past two quarters.
In total, the combined revenue from commercially operated land-based casinos, sports betting, and iGaming increased by 8.9 percent year-over-year, reaching $17.63 billion for the quarter.
Robert Linnehan
Covering regulatory developments in online gambling. Editing/writing/creating a newsletter for readers across all formats.
