Skip to content

"Industry Profits from Commercial Gaming Soar to $31.9 Billion in May, Setting a New Record"

U.S. commercial gaming revenues surge to an unprecedented $6.73 billion in May, as reported by the AGA's Commercial Gaming Revenue Tracker, driven by success in casino gaming, sports wagering, and iGaming.

Record-shattering revenue of $31.9 billion in commercial gaming for the United States was achieved...
Record-shattering revenue of $31.9 billion in commercial gaming for the United States was achieved in May, marking an exceptional month for the gaming industry.

"Industry Profits from Commercial Gaming Soar to $31.9 Billion in May, Setting a New Record"

The American Gaming Association's (AGA) Commercial Gaming Revenue Tracker reveals a robust upward trend for commercial gaming revenue in the United States in 2025. Through May 2025, total commercial gaming revenue reached $31.89 billion, marking a 7.1% increase compared to the same period in 2024.

May 2025 alone posted a record high monthly revenue of $6.73 billion, up 10.9% year-over-year. This growth was driven by strong performances in sports betting and iGaming, while traditional casino revenue continued to grow more modestly.

Breaking down by vertical for May 2025:

  • The combined revenue from traditional land-based casino games and retail sports betting grew by 4.8%, generating $4.53 billion.
  • Retail sports betting revenue doubled, increasing by 101.8% year-over-year.
  • Traditional casino games revenue rose by 3.9%.

Online gaming (consisting of iGaming and online sports betting) showed especially strong growth. Online gaming revenue grew 27.5% year-over-year, reaching $2.19 billion in May. iGaming revenue surged 33%, while online sports betting revenue grew 21.4% for the month.

Earlier in 2025, data also showed that digital gaming (iGaming and mobile sports betting) is the primary growth driver. iGaming sales were up 27% in Q1 2025 alone, and online gaming revenue increased 10.9% year-over-year in April. Land-based casino growth is positive but slower.

Most states with commercial gaming reported revenue growth in 2025. Of the 37 commercial gaming jurisdictions that were operational a year ago and had published complete May data, 35 reported an increase in combined revenue from traditional casino games, sports betting, and iGaming compared to the previous year. Only Nevada and South Dakota had declines (-2.2% and -3.1%, respectively).

Other states with strong traditional gaming growth include West Virginia (+24.4%), New Jersey (+10.9%), and Maine (+10.4%).

Key highlights:

| Segment | Revenue Trend (2025 vs 2024) | May 2025 Revenue (Billion $) | |-----------------------------|------------------------------------|-------------------------------------------| | Total commercial gaming | +7.1% (Jan-May 2025) | $31.89 (Jan-May cumulative) | | May monthly total | +10.9% YoY | $6.73 | | Land-based + retail sports | +4.8% | $4.53 | | Retail sports betting | +101.8% | Included in $4.53B | | Traditional casino games | +3.9% | Included in $4.53B | | Online gaming (sports + iGaming) | +27.5% | $2.19 | | iGaming | +33% | Portion of $2.19B | | Online sports betting | +21.4% | Portion of $2.19B |

These trends reflect continued expansion and rising consumer demand for digital and sports betting products, with the traditional casino segment growing steadily but more slowly. The AGA's Commercial Gaming Revenue Tracker provides state-by-state and nationwide financial performance data for individual gaming verticals.

The American Gaming Association's Commercial Gaming Revenue Tracker also reports an increase in revenue for the sports betting sector, with online sports betting revenue growing by 21.4% in May 2025, contributing to the overall growth of the online gaming industry, which saw a 27.5% year-over-year increase. Additionally, the casino industry, while showing positive growth, is experiencing slower expansion compared to the sports betting and online gaming segments.

In May 2025, retail sports betting revenue doubled year-over-year, highlighting a strong trend in sports betting within the broader gaming industry. This growth is significant as it indicates a shift in consumer preferences towards digital and sports betting products.

Read also:

    Latest