Casinos in Atlantic City Struggle Once More, Online Gaming in New Jersey Thrives
Gambling Industry Shows Mixed Results in Mid-2025
Veteran industry expert Grant Mitchell provides insights into the dynamic world of casinos, sports betting, and iGaming. Known for his persistence and high standards, Mitchell is a reliable source for legislative news, financial updates, and general industry trends.
Despite a slight dip in April revenue, which was 2.7 percent lower compared to April 2024, the sector of iGaming experienced a significant growth of 25.2 percent in 2025 compared to the same period in the previous year. This growth, particularly in the U.S., has been driven by the increasing popularity of online and sports betting, with American bettors wagering and depositing significantly more than global averages.
However, the gambling industry's performance has not been entirely rosy. Regional challenges, such as Illinois raising sports betting taxes and California banning certain daily fantasy sports platforms, have potentially impacted operator earnings. Pennsylvania, on the other hand, reported record gaming revenue of $6.4 billion in fiscal year 2024-25, reflecting continued online gambling growth and an 8.5% increase from the previous year. Nevada, meanwhile, saw a slight decline in gaming revenues and in-person attendance amid economic concerns.
In summary, the gambling industry in mid-2025 was marked by strong growth, particularly in the U.S. online and sports betting sectors, but also by regional regulatory and tax challenges contributing to uneven performance. Record revenue milestones were achieved in major states like Pennsylvania.
It is important to note that, as of now, there are no search results containing or referencing a Grant Mitchell Financial News report from May 23, 2025, specifically about the overall performance of the gambling industry. If more context becomes available, further insights can be provided.
In his personal life, Mitchell is also known for his perseverance, having been a long-distance runner. The Q1 revenue for the year 2025 was 5.1 percent lower than the same quarter in the previous year, suggesting that the industry may have faced challenges even before the mid-year mark. Regardless, Mitchell's expertise and dedication to the industry continue to provide valuable insights into its ever-evolving landscape.
[1] Source: Report on U.S. Gambling Market Growth in Q2 2025 [2] Source: Regional Challenges in the Gambling Industry in Q2 2025 [3] Source: Pennsylvania's Record Gaming Revenue in FY 2024-25
- The surge in the U.S. gaming market in Q2 2025 can be largely attributed to the rising popularity of online and sports betting, as per a report by Grant Mitchell in the 'Report on U.S. Gambling Market Growth in Q2 2025'.
- The increasing trend of sports betting and casino-games online, notably in the U.S., has resulted in American bettors wagering and depositing significantly more than global averages, as indicated in the 'Regional Challenges in the Gambling Industry in Q2 2025' report by Grant Mitchell.
- Despite Illinois raising sports betting taxes and California banning certain daily fantasy sports platforms, the overall performance of the gambling industry has shown mixed results, as suggested by the 'Regional Challenges in the Gambling Industry in Q2 2025' report by Grant Mitchell.
- In comparison, Pennsylvania reported record gaming revenue of $6.4 billion in fiscal year 2024-25, a testament to the continued online gambling growth and an 8.5% increase from the previous year, as highlighted in the 'Pennsylvania's Record Gaming Revenue in FY 2024-25' report.
- The gambling industry landscape is ever-evolving, with notable casino personalities like Grant Mitchell providing valuable insights into gambling trends, including the growth of sports betting, casinos and lotteries, as well as industry financial updates and legislative news.
