The US commercial gaming sector extended its growth streak in 2025, marking a sixth consecutive year of expansion and reaching a record $78.6 billion in revenue, according to the American Gaming Association’s State of the States report with VIXIO Regulatory Intelligence.
Total revenue rose 9.1% year over year, while state and local governments collected $17.86 billion in gaming taxes, up 12.3%. The industry supported about 1.8 million jobs nationwide.
The report showed 37 of 38 jurisdictions with legal commercial gaming or sports betting recorded revenue growth. Mississippi was the only market to decline slightly.
“These results are especially meaningful given the economic uncertainty that characterized much of 2025,” American Gaming Association President and CEO Bill Miller said. “They reflect the enduring appeal of legal, regulated gaming as a form of entertainment and the strength of the American blueprint for gaming that we have built together over decades.”
The analysis covered 38 jurisdictions and excluded tribal casinos, lottery retail, racetracks without electronic gaming, off-track betting, and charitable gaming.
Sports Betting and iGaming Lead Growth
Sports betting generated $16.89 billion in revenue, up 22.6% across 35 jurisdictions, with every reporting state posting gains. New York led at $2.5 billion, followed by Illinois, New Jersey, and Ohio, each exceeding $1 billion.
iGaming revenue reached $10.73 billion across seven states, rising 27.6%. Pennsylvania remained the largest online casino market at $3.46 billion, with Michigan and New Jersey also driving most national volume. Delaware, Rhode Island, and West Virginia posted the fastest growth rates.
For the first time, iGaming revenue surpassed land-based casino revenue in Pennsylvania and New Jersey. Maine legalized iGaming during the year, with rollout beginning in 2026.
Land-Based Casinos Remain Stable
Commercial casinos generated $51.06 billion, up 2.3%. Electronic gaming machines outpaced table games, rising 2.9% versus a 1% decline for tables.
Nearly three-quarters of states with casinos posted gains. Nebraska and Virginia led growth.
The Las Vegas Strip remained the top market at $8.6 billion, followed by Atlantic City and Chicagoland. Resorts World New York City ranked as the highest-grossing property outside Nevada and Mississippi and gained approval to add table games and a sportsbook.
Regulation Pressures And Outlook
The AGA flagged prediction markets as a growing concern, with 81% of executives calling them a “very significant” threat. “Illegal sports betting through sports event contracts is increasingly encroaching on legal, state, and tribal-regulated operators,” Bill Miller said.
Five states banned sweepstakes platforms in 2025, while enforcement actions expanded against unlicensed operators. The AGA estimated illegal gambling generates $53.9 billion annually and costs states over $15 billion in tax revenue.
Despite these pressures, executive sentiment rose to 21.4% net positive, its strongest since 2022. Over 60% expect higher investment and stronger financial performance in 2026, though hiring remains negative amid inflation, labor costs, and supply chain strain.
Miller said the sector continues to show “resilience and adaptability in a dynamic economic environment.”
Source:
“US Gaming Revenue Reaches New High in 2025”, news.worldcasinodirectory.com, May 13, 2026
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