{"id":44851,"date":"2024-08-16T16:37:46","date_gmt":"2024-08-16T16:37:46","guid":{"rendered":"https:\/\/casinoapps.com\/?p=44851"},"modified":"2024-08-16T16:37:46","modified_gmt":"2024-08-16T16:37:46","slug":"americans-wagered-an-impressive-31-75-billion-in-q2-of-2024","status":"publish","type":"post","link":"https:\/\/casinoapps.com\/2024\/08\/16\/americans-wagered-an-impressive-31-75-billion-in-q2-of-2024\/","title":{"rendered":"Americans wagered an impressive $31.75 billion in Q2 of 2024"},"content":{"rendered":"

Per the latest figures from the American Gaming Association (AGA), U.S. residents wagered $31.75 billion in Q2 of 2024. That was enough to generate $3.16 billion in quarterly revenue. A 35% growth year-over-year for commercial gaming in the United States. Several new markets launched in Q2 including Kentucky, Maine, Vermont, and North Carolina. The industry\u2019s $31.75 million handle in Q2 was a 32.8% year-over-year growth. Operators across the US had a 9.96% hold and generated $3.16 billion in operator revenue. In the first six months of 2024, the commercial gaming industry hauled in $6.67 billion in gross gaming revenue. That is a 28.7% increase from their figures in 2023.<\/span><\/p>\n

Where else did the US gaming industry grow in Q2 of 2024?<\/b><\/h2>\n

During Q2 of 2023, 75% of the active gaming states in the US (24 jurisdictions) saw year-over-year revenue growth. Overall commercial gaming revenue reached $17.63 billion. American Gaming Association Vice President of Research David Forman said the US saw revenue growth from new retail sportsbook locations in Nebraska, Illinois, and Virginia. Those three states helped see an increase in traditional commercial gaming revenue. iGaming in Q1 of 2024 grossed an all-time high of $1.98 billion. However, their Q2 revenue of $1.97 billion was not far behind it. That is a 25% year-over-year growth rate. After two quarters, iGaming operators have grossed $3.95 billion in total revenue. That is a 25.6% increase compared to the first six months of 2024.\u00a0<\/span><\/p>\n

Six iGaming states in the US include New Jersey, Connecticut, Pennsylvania, Delaware, Michigan, and West Virginia. All six of the states saw year-over-year growth from Q2 of 2023 to 2024. Delaware saw a 264% increase as a single-operator market. Combined revenue from online sports betting and iGaming was $5.04 billion in Q2. That was 28.6% of commercial gaming revenue. Brick-and-mortar casinos generated $12.49 billion in Q2 revenue, a 1.8% year-over-year growth. Slot and table game revenue expanded in Q2. Table games produced $2.52 billion and slot machines had a 1.9% year-over-year increase with $9.06 billion in Q2. There are 27 traditional casino markets in the US. Twelve of them saw their markets expand by at least 9.7% in Q2 of 2024. American Gaming Association vice prescient of research David Forman had this to say about land-based gaming markets.<\/span><\/p>\n

Across the country, land-based gaming markets are seeing mixed year-over-year comparisons due to slower consumer spending economy-wide, which may continue to be a factor through the remainder of 2024.\u201d – said David Forman <\/span><\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Per the latest figures from the American Gaming Association (AGA), U.S. residents wagered $31.75 billion in Q2 of 2024. That was enough to generate $3.16 billion in quarterly revenue. A 35% growth year-over-year for commercial gaming in the United States. Several new markets launched in Q2 including Kentucky, Maine, Vermont, and North Carolina. 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