Commercial gaming revenue in the U.S. spiked to an all-time high in November 2024.
According to data compiled by the American Gaming Association, in-person casinos, online sports betting, and iGaming combined to generate $6.65 billion, a 21.3% increase year-over-year. It’s the largest jump since January 2023.
Online gaming revenue rose 63% from November 2023 to $2.39 billion and accounted for 35.9% of the total commercial revenue in November 2024, up from 25.9%.
Following a bettor-friendly October, sports betting operators struck back the following month.
Retail and online sportsbooks generated $1.67 billion in profits across 33 jurisdictions with legal sports betting, an 89.3% increase from the 32 active jurisdictions in November 2023. The hold on a $15.2 billion handle was 10.9%, up from 6.4% in November 2023.
Online casinos also saw a 38.5% year-over-year boost as revenue reached $818.8 million across seven jurisdictions.
The bulk of the commercial gaming profits in November 2024 came by way of traditional slots and table games, which accounted for $4.16 billion of the month's gaming revenue, up 3.9% from the previous year.
State improvement
Commercial gaming produced $1.43 billion in tax revenue for U.S. states as 33 of the 35 jurisdictions that also reported revenue in November 2023 saw a year-over-year bump in November 2024.
Washington, D.C., had the largest commercial gaming revenue increase at 578.3%. Montana, Nebraska, and Wyoming were all around 120%.
North Carolina and Vermont, two states that added sports betting since the previous November, helped the sports betting handle increase 5.9% year-over-year to $15.32 billion.
Fourteen states more than doubled their sports betting revenue year-over-year. New York, the most lucrative market in the U.S., led the way with $232.2 million in November. Illinois, New Jersey, and Pennsylvania also generated more than $100 million in profits.
Connecticut made the biggest improvement by adding Fanatics Sportsbook to the short list of operators, leading to sports betting revenue increasing by 142% year-over-year.
Revenue in six states that had iGaming in November 2023 all saw year-over-year increases. Delaware’s revenue shot up 455% while West Virginia’s grew by over 120%.
Year-to-date figures
Land-based casinos have totaled $45.38 billion in revenue year-to-date from slots and table games, 80 basis points head of the same calendar point as last year.
Online and retail sports betting have generated $12.78 billion in revenue in the first 11 months, up 32.1%. iGaming is up 29% from the year-to-date total with revenue of $7.61 billion.
Tax revenue payouts in 2024 from gaming operators has surged to $14.15 billion in figures reported through November.
