The US commercial gaming industry posted record results in 2025, with revenue climbing across all major segments, according to new data from the American Gaming Association.
Total gross gaming revenue reached $78.72 billion, a 9.2 percent increase from 2024. Legal, state-regulated operators generated $18.09 billion in tax revenue for state and local governments, up 15.1 percent year over year. These funds support public services such as education and infrastructure.
“For another year, legal commercial gaming in the United States has delivered exceptional results for consumers, operators, and the communities we serve,” said Bill Miller, President and CEO of the American Gaming Association. “These record revenues and tax contributions demonstrate the broad appeal of regulated gaming markets and why strong state oversight remains essential as our industry evolves.”
Growth Across Core Segments
Land-based casino gaming remained the largest contributor, producing $50.94 billion in revenue, a 2.3 percent increase. That segment delivered $11.33 billion in taxes, up 7.2 percent.
Sports betting recorded sharper gains. Revenue rose 22.8 percent to $16.96 billion on handle of $166.94 billion, an 11 percent increase. State-regulated sportsbooks paid $3.71 billion in taxes, reflecting 32.4 percent growth.
iGaming also expanded, with revenue reaching $10.74 billion, up 27.6 percent. Tax contributions from online casino play totalled $2.59 billion, a 36.9 percent increase.
All 38 commercial gaming markets reported annual revenue growth. Speaking during the association’s State of the Industry webinar, Miller said, “Overall, 2025 was another strong year, but at the AGA, we never take gaming success for granted.”
Opposition To Prediction Markets
Despite the strong financial results, the association renewed criticism of sports event prediction markets regulated by the Commodity Futures Trading Commission rather than state gaming agencies.
“The battle against prediction markets is a defining fight for our industry,” Miller said in the body’s press release. “Prediction markets threaten what I’ve long called the American blueprint for gaming.”
The association estimates more than $500 million in potential sports betting tax revenue has shifted to these platforms and maintains that state regulation ensures consumer protections and local tax contributions.
“With 2025 marking another record year, the industry’s performance reinforces a clear principle,” Miller added. “Sports betting belongs under state and tribal regulation. That’s how consumers are protected and how communities share in the benefits.”
Former New Jersey governor Chris Christie, now an adviser to the association, questioned the legality of such markets. “My first reaction was it’s illegal,” he said.
“It’s disrespectful of all 50 states; it violates the laws of all 50 states. And I think that over the course of time, either the courts or our political institutions are going to say, ‘This is not what we’ve bargained for,’” Christie said.
He also challenged the federal classification of sports contracts. “This is not a commodity,” Christie said. “This is a bet. Everyone knows what it is. It is a bet on a game, and it’s not a commodity. It’s not something that is even in their ballpark to regulate.”
Source:
“US Gaming Revenue Reaches Record in 2025”, news.worldcasinodirectory.com, February 27, 2026
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