US August Gaming Revenue Exceeds Expectations
The American Gaming Association (AGA) has published its August revenue report, revealing an 8.7% year-over-year uptick in revenue growth.
Traditional casinos accounted for $4.18 billion of the total revenue.
LISTEN TO THIS ARTICLE:According to the AGA, US operators reported a collective gaming revenue of $5.65 billion in August, marking a new monthly high.
Traditional casinos accounted for $4.18 billion of the total revenue. iGaming contributed $0.7 million, while sports betting revenue reached $800,000 in the month.
Year-to-date gaming revenue jumps to $46.93 billion, beating 2023 totals by 7.5%.
The AGA report highlights robust revenue growth across US gaming territories in August. Of the 34 jurisdictions operational last year and reporting complete data, 32 saw increased combined revenue from traditional casino games, sports betting, and iGaming. Conversely, Nevada and South Dakota recorded revenue declines of 3.8% and 4.2%.
Tax revenue from casino gaming, iGaming, and sports betting in the United States reached $1.21 billion in August. Year-to-date tax contributions from regulated gaming operators in the US have now amounted to $10.14 billion.
More Finance News
Recently, the AGA predicted that American bettors will place $35 billion in legal bets during the football season, marking the highest volume of bets ever recorded.
The projection builds upon data from the 2023 NFL season, during which American sports fans spent nearly $26.7 billion on football.
AGA ECA MOU Partnership
Earlier this month, the AGA signed an MOU with the European Casino Association (ECA) and the UK Betting & Gaming Council (BGC). The MOU allows the associations to jointly address vital issues like responsible gaming, innovation, and security.
The gaming bodies will kick off their partnership with a law enforcement roundtable in January 2025 to tackle illegal gambling.
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