US gaming industry hits record with revenue of $78,6 billion in 2025
The American Gaming Association (AGA) announced that the US commercial gaming industry generated record revenue of $78,6 billion in 2025. The data was released on Tuesday (13). The result represents a 9,1% expansion compared to 2024, driven by the continued growth of land-based casinos, sports betting and online gaming.
The trade association had predicted earlier in the year that the sector would reach a new record level of revenue.
Tax revenue and state records
Of the 38 U.S. states with commercial gaming, 34 set record revenue targets for 2025. Washington, D.C., also broke its annual record. Tax revenue from the sector totaled $17,9 billion during the period, a 12,3% increase compared to the previous year. This amount includes state and local taxes applied directly to gaming activities, excluding other corporate and payroll taxes paid by operators.
Land-based casinos maintain their lead.
Traditional casino games remained the industry's largest revenue segment. The 493 commercial casino properties in 27 states generated $51,06 billion from slot machines and table games in 2025, representing 2,3% growth over the previous year.
The Las Vegas Strip remained the top casino destination in the United States, despite not registering growth in gaming revenue. The region generated $8,6 billion in gaming revenue in 2025, according to the AGA.
New casino openings in Illinois contributed to improved performance in the Chicagoland and St. Louis markets, while Baltimore-Washington DC, Philadelphia, Detroit, and Boston saw declines in land-based casino revenue.
Atlantic City came in second place, with revenue of US$2,9 billion. Lake Charles, Louisiana, rose from 15th to 14th place in the national ranking . The city recorded revenue of US$890 million.
Outside of Nevada and Mississippi, which do not publish data by property, Resorts World New York City remained the highest-grossing commercial casino in the United States in 2025.
Expansion in consumer spending
Washington DC showed the largest increase in consumer spending among all jurisdictions. Growth was 75,9%, totaling $94,5 million.
Connecticut saw a 27,9% increase in spending, reaching $973,4 million. Montana experienced a 45,1% growth, totaling $10,3 million.
In established sports betting markets, New York saw a 10,7% increase in consumer spending. Pennsylvania registered a 12,1% increase.
Sports betting and online modalities
The commercial sports betting segment generated $16,9 billion in revenue in the United States, a 22,6% increase year-over-year. This calculation excludes Florida and tribal casino operations, as well as mobile sports betting activities in Florida.
Online gaming in the seven states where it is legal reached record revenue of $10,7 billion, surpassing the $10 billion mark for the first time. This represents a 27,6% increase. Pennsylvania led the segment and remained the largest iGaming market in the country, with revenue of $3,46 billion and growth close to 28%.
Online gaming revenue surpassed that of land-based commercial casinos for the first time in Pennsylvania. New Jersey also recorded the same phenomenon in 2025. Michigan, New Jersey, and Pennsylvania continued to account for nearly 90% of national igaming revenue , although Delaware, Rhode Island, and West Virginia recorded the strongest growth rates.
Maine was the only state to pass igaming legislation during 2025, with the measure taking effect in early 2026.
The AGA projected in February that $1,76 billion would be wagered on the 2025 Super Bowl.
States intensify action against illegal gambling.
Regulators and lawmakers also intensified efforts against illegal gambling activities during the year. Authorities in 16 states took action against prediction marketplace platforms that offer contracts for sporting events through cease and desist orders, lawsuits, and regulatory guidance.
California, Connecticut, Montana, New Jersey, and New York have passed legislation explicitly banning lottery platforms that resemble online casino products or sportsbooks. At the same time, regulators in Florida, Michigan, Mississippi, and Tennessee have continued enforcement efforts against offshore gaming operators and unlicensed gambling activities.
In August, the American Gaming Association estimated that illegal gambling operations, including offshore sportsbooks and unregulated online casinos , generate approximately $53,9 billion in annual revenue, resulting in over $15 billion in lost state tax revenue.
